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Family Dollar and Dollar Tree to close 1,000 stores after $1.71 billion net loss
Just The News ^ | 13 March 2024 | Madeleine Hubbard

Posted on 03/13/2024 8:46:17 AM PDT by Sam77

click here to read article


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To: Sam77

Just build it back better!!! bwhahahhahhahahhaha.....roflmao!
LEX


41 posted on 03/13/2024 9:32:56 AM PDT by lexington minuteman 1775
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To: Rustybucket; Billthedrill; Publius

Atlas is shrugging?


42 posted on 03/13/2024 9:34:07 AM PDT by Taxman ((SAVE AMERICA! VOTE REPUBLICAN IN 2024! SAVE AMERICA!))
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To: Sam77
Here in Tampa, on an 8 mile stretch of Nebraska Avenue there are 8 Family Dollar and Dollar Tree stores. Some of them are not exactly clean as there are homeless people sleep in their doorway. One of my friends on his model railroad layout has a Family Dollar with a few bums sleeping on the sidewalk.

I wonder if they shouldn't have spend money to sponsor Joe Gibbs Racing teams. Depending on the neighborhood, Family Dollar can be nice stores, but the ghetto FD DT stores are bad.

43 posted on 03/13/2024 9:34:43 AM PDT by Deplorable American1776 (Guns don't kill people, LIBERALS DO!! Support the Second Amendment...)
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To: Laslo Fripp

Typing on the phone, autocorrect, etc
I meant govt (government)... sorry


44 posted on 03/13/2024 9:37:45 AM PDT by Rustybucket ( )
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To: Pan_Yan

Sure, a fair number among their customer base have sticky fingers, but that’s not really new. I suspect that Bidenomics is the main culprit here. When your business model is based on flat $1, $1.50, $2 prices, inflation will decimate your bottom line.


45 posted on 03/13/2024 9:42:33 AM PDT by irishjuggler
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To: Pan_Yan
If i had to guess, itโ€™s hard to stay profitable when half your product walks out the door without a financial transaction.

True, it's the only place I ever saw with locks being stolen!!) I looked for a lock one day, so I went a half mile to an FD and went to the hardware section...3 packages that held locks..no locks in them. F D

46 posted on 03/13/2024 9:44:13 AM PDT by Deplorable American1776 (Guns don't kill people, LIBERALS DO!! Support the Second Amendment...)
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To: SunkenCiv; Sam77
This is one of the reasons: Unfair trade - China can (until now) send packages below cost

The low cost of shipping small packages from China to the United States has made it easy for small Chinese sellers to reach US consumers. Direct sales through eBay and the Amazon marketplace have boomed. Inexpensive postage allows Chinese merchants to offer free shipping to American customers. It isn't fast โ€“ international mail from China can take two weeks or more. However, the low price is attractive to both buyers and sellers.

In the past, the cost to ship a 4.4-pound package from China to the US topped out at $5.41 โ€“ less than it would cost a US eCommerce seller to ship the same item to a US address.

For example, a Chinese manufacturer could ship a t-shirt that weighs 1 pound (about 453 grams) to Cincinnati. The cost to send this small parcel from China to the US would be less than $2. To ship that same t-shirt from Miami to Cincinnati, you'd have to pay $6.70 for Priority Mail, since most domestic packages over 13 ounces must be shipped by Priority.

Although the US t-shirt in this example would arrive much more quickly, there's almost a $5 difference in shipping costs. This gave the Chinese eCommerce seller a competitive edge on shipping costs. If he can offer his products at lower prices, that's hard for a US-based seller to beat.

Now that the new Universal Postal Union treaty has gone into effect, this equation may change. Small parcel charges from China to the US have risen significantly. It's too early to tell what effect this will have on Chinese eCommerce sales to the US and other countries. However, it puts US eCommerce companies on a more equal footing with their Chinese competitors, at least in terms of shipping costs.

https://redstagfulfillment.com/universal-postal-union-treaty/

47 posted on 03/13/2024 9:47:15 AM PDT by AdmSmith (GCTGATATGTCTATGATTACTCAT)
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To: Red Badger

If it is considered unfit for bologna ...


48 posted on 03/13/2024 9:49:02 AM PDT by Spacetrucker (George Washington didn't use his freedom of speech to defeat the British - HE SHOT THEM .. WITH GUNS)
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To: Sam77

More here:

https://freerepublic.com/focus/f-news/4223932/posts

๐Ÿ˜Š๐Ÿ‘


49 posted on 03/13/2024 9:50:55 AM PDT by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this๐Ÿ’ฉ? ๐Ÿšซ๐Ÿ’‰! ๐Ÿ‡ฎ๐Ÿ‡ฑ๐Ÿ‘!)
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To: Spacetrucker

Or Vienna Sausages..............


50 posted on 03/13/2024 9:56:53 AM PDT by Red Badger (Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
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To: SunkenCiv

If I can find those, Iโ€™ll give them a try. Thx.


51 posted on 03/13/2024 10:07:09 AM PDT by FamiliarFace (I got my own way of livin' But everything gets done With a southern accent Where I come from. TPetty)
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To: thescourged1

We used to have a Family Dollar store, and it was rebranded as a Dollar Tree. Thereโ€™s also a Dollar General about a mile away from the Dollar Tree. I rarely shop in either. I try to stay away from stuff made in China, though sometimes they have what Iโ€™m looking for when nowhere else does.


52 posted on 03/13/2024 10:10:23 AM PDT by FamiliarFace (I got my own way of livin' But everything gets done With a southern accent Where I come from. TPetty)
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To: Spacetrucker

It’s disgusting slime.


53 posted on 03/13/2024 10:11:14 AM PDT by MayflowerMadam (Fraud vitiates everything." - SCOTUS)
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To: AdmSmith

Also, the whole CCP is a criminal enterprise that doesn’t respect patents, trademarks, copyrights, or much else, which is a big cost saver.


54 posted on 03/13/2024 10:11:24 AM PDT by SunkenCiv (Putin should skip ahead to where he kills himself in the bunker.)
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To: FamiliarFace

There’s also a flat-bottomed charge case version, but those are not well rated; when I first saw the linked ones, there was just one in stock, and about six of the flat-bottomed ones, which is at least as good as relying on online reviews. :^)

The new ones I haven’t seen are more like the Beats product, and have a microphone for handsfree phone calls.


55 posted on 03/13/2024 10:13:54 AM PDT by SunkenCiv (Putin should skip ahead to where he kills himself in the bunker.)
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To: Sam77

The problem is much more than inflation problems. The junk in those stores isn’t worth jack, cheap or not.


56 posted on 03/13/2024 10:15:47 AM PDT by Seruzawa ("The Political left is the Garden of Eden of incompetence" - Marx the Smarter (Groucho))
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To: Red Badger

57 posted on 03/13/2024 10:21:03 AM PDT by T.B. Yoits
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To: Sam77
I live near a small town....they have a Dollar General...and a Dollar Tree store. And one grocery store...

The DG has produce...

I shop at all three places...

I also buy on-line...Amazon and Walmart....mainly.

When you are rural...you have to do what you need to do.

FWIW

58 posted on 03/13/2024 10:38:13 AM PDT by Osage Orange (I miss Rush)
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To: Red Badger

Loss is after write-offs.


59 posted on 03/13/2024 10:39:54 AM PDT by TexasGator
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To: 9422WMR

Dollar store opened in the little town where my daughter lives. A local farmer sat down with the local grocery store and went over their yearly operating expenses. Then wrote them a huge check. He said, I want you open !


60 posted on 03/13/2024 10:41:44 AM PDT by Newbomb Turk
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