Posted on 04/10/2014 11:57:36 AM PDT by Responsibility2nd
NEW YORK (AP) — Dollar stores are feeling the pinch from mounting financial pressures on low-income shoppers.
Family Dollar said Thursday that will cut jobs and close about 370 underperforming stores as it tries to reverse sagging sales and earnings. The discount store operator will also permanently lower prices on about 1,000 basic items.
Family Dollar Inc., which operates 8,100 stores, did not provide details on how many jobs it would cut.
~SNIP~
Dollar General, the nation's largest dollar-store chain with 11,100 locations, offered a weak profit outlook last month after reporting weak fourth-quarter sales. And Dollar Tree, which operates about 5,000 locations, missed profit expectations for the holiday quarter in February.
Family Dollar has stumbled even more than its rivals because it has made mistakes in pricing, merchandising and the locations of its stores, analysts say. Still, the industry's problems are a big departure from a few years ago, when Family Dollar and other chains packed in customers and expanded rapidly by catering to cash-strapped people during the Great Recession.
(Excerpt) Read more at tbo.com ...
All the major chains, including Whole Foods and Target, take EBT. I've seen people with swiping their cards through.
lolol.
Just wait till the dollar stores start paying $12.00 an hour to employees.
That’ll fix things for sure, right?
The CEO was interviewed during the Democrat convention. He is a big Obama guy. Maybe he hoped for a bailout.
If they aren't making it, I would suggest the next time some administration Bozo says how grand everything is, a savy newsman should walk up and punch him in the right eye as hard as he can.
The town of Confluence, PA. has a Dollar General Store and the entire town shop there, as there is nothing else other than a few small grocery stores..population is around 1200..
The nearest town is Somerset, PA. 24 miles one way and gas in the County is close to 4 dollars a gallon…
The town depends for tourism in Spring, Summer, Fall, Winter are pure HELL.. and everyone in the town is on welfare or Social Security.. maybe a few have jobs but they have to travel to get to them
so feel sure the Confluence PA store won’t be one of the ones closed!!!!!!
I figured that, but the sheer amount of signs MB has in that aisle is almost comical. I actually find it to be demeaning, ‘cause there’s an awful amount of Anglos that use the EBT cards...
“Here it is a mixed bag (as the Anglos fade away); northern NJ is becoming very Hispanic.”
Too bad I forgot my 2 years of HS Spanish.
Are they pinched over over saturated? Them and their competition are everywhere, eventually there just has to be too much ultra cheap junk.
I loved the Woolworths in downtown Cleveland, OH. on Prospect Ave. could always find just the right item. and yes they did have nice Christmas items, the kind we enjoyed in the 50’s …those were the days my friend, life was fun and good even if we had very limited income, we always had clean, neat clothes to wear and healthy, good family meals where we said ‘GRACE’ before we placed a fork to our mouths..
of course Hussein can’t recall those ‘good old days’ his lost.
Family Dollar is a dollar store only in the sense that it takes dollars as payment for its merchandise.
Actually, it’s 7 miles to the Dollar General and 12 miles past that to Walmart.
Me too!! I hate to walk across a football field just for milk.
I live in a Dollar Store desert.
Yep me too. The Woolworth's was the place to shop in downtown Detriot back when. Woolworths' was a true Five and Dime in my neighborhood. They had a cafe', purfume counter, and other stuff. I guess I'm too young to correctly remember all the other services Woolworths' provided. However, I do remember that when my Uncle would come to visit, he would take us there and he would treat us to ICE CREAM FLOATS and a few shirts and pants, and anything else he thought we needed.
“I figured that, but the sheer amount of signs MB has in that aisle is almost comical.”
I know what you mean; I’ve seen huge billboards in Spanish for Raid (killing roaches), and I thought: “That’s got to hurt...”.
“I know what you mean; I’ve seen huge billboards in Spanish for Raid (killing roaches), and I thought: “That’s got to hurt...”.”
On many levels.
1. It’s plain pandering.
2. It reinforces that they need handouts
3. It reinforces the need for them to not learn English.
I find it to be a negative practice. But, the bucks (or EBT card swipes) keep coming, so they’ll keep doing it.
Yeah, it didn’t make any sense to me. There’s a “Super Walmart” less than five miles up the street. You’d think that they’d be in direct competition with each other.
I live in a rural valley with about 5000 people.
The county gave building permits to both Dollar General & Family Dollar to build 2 stores across the street from each other!!! Folly!!! But those structures were brand new & would generate more property taxes!!!!!!
They managed to board up a store that had been here over 22 years in less than 3 months. All those 15 +++ people are now collecting unemployment.
Perhaps one would have been enough.
As I type this, there are more Family Dollar stores being built all around me in other small towns.
I am in Rural Northern Nevada.
Watch the sizes of the containers before you say that Dollar General is cheaper.
They often are different.
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