Free Republic

Dollar Tree has saved 170 shops that were set to be shuttered by rival 99 Cents Only after it went bankrupt.It is a boost for budget shoppers in Arizona, California, Nevada, and Texas - who have been mourning the loss of the popular chain.Dollar Tree announced on Wednesday that it had bought rights to the leases for the stores.At the same time, it has paid for the 99 Cents Only's 'intellectual property,' meaning it has the option to keep some stores open under the brand or even open new ones using it.West Coast-based 99 Cents Only had a cult following...

Teen fashion retailer rue21 plans to close all of its 540 stores after filing for Chapter 11 bankruptcy for the third time Thursday. Why it matters: The move is the latest in a series of retailers closing all their locations, including The Body Shop and 99 Cents Only. Driving the news: In court documents, rue21 said stores are "scheduled to close in the next 4 to 6 weeks." The company is also looking to sell its intellectual property. Flashback: The brand filed for Chapter 11 in 2017 and closed around 400 of its nearly 1,200 stores. It also filed for...

Here's a look at what's gone wrong at both chains.. These are tough times for two big US dollar store chains. In the past month, Family Dollar said it will close nearly 1,000 stores and 99 Cents Only said it will go out of business. Both companies said inflation and shoplifting have contributed to their troubles. While inflation has pressured the companies' low-income customer base and shoplifting has squeezed their profits, those factors alone can't explain their difficulties. Years of strategic mistakes and underinvestment have plagued Family Dollar and 99 Cents Only, retail analysts say. Both brands were acquired by...