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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...

Dollar Tree to close around 1,000 Family Dollar stores. initially announced late last year, the company will close 600 of its Family Dollar stores in the first half of 2024. An additional 370 Family Dollar stores and 30 Dollar Tree stores will close over the next several years once their leases expire, the company said in its fourth-quarter earnings report. https://www.foxbusiness.com/lifestyle/dollar-tree-to-close-nearly-1k-stores

Dollar Tree and its subsidiary, Family Dollar, will close 1,000 stores following a net loss of $1.71 billion over three months, the discount retailer said Wednesday. The company plans to close about 600 Family Dollar stores in the first half of this year and allow about 370 Family Dollar stores and 30 Dollar Tree stores to close over the next few years at the end of their lease terms. The company opened 641 new stores, including 333 Dollar Trees and 308 Family Dollars, last fiscal year, which ended on Feb. 3, 2024.

Unemployment may be low, jobs plentiful, and consumer spending holding up. However, consumers are still struggling with the rising cost of credit card debt, housing, and automobiles—expenses that defy easy solutions. However, managing the cost of groceries and other essentials, the leading expense for half the respondents in a recent TD Bank survey, is just a click or short drive away. As consumers pull back on discretionary spending, major retailers in the grocery business are doubling down on the power of private-label brands to build traffic and loyalty. The boom is on. Amazon, which owns Whole Foods and Amazon Fresh,...

Dollar Tree can't keep up with Bidenflation, changing consumer habits, and competition from other discount retailers — and will close nearly 1,000 of its Family Dollar locations around the country. The company announced the move this week following disappointing quarterly results ... "struggling to deal with a shift in consumer spending to lower-margin essentials from higher-margin discretionary products ... Even discount items .. are now out of reach for many Americans who have shifted their buying habits to even "lower-margin essentials" like food and gas. The mainstream media keeps telling me the economy is booming, but Family Dollar can't cut...

PHOENIX - A Family Dollar employee is now behind bars after he shot a man more than 10 times at a store near 67th Avenue and Indian School Road earlier this week. Kevin Salas Madrid, 24, had reportedly been confronting a serial shoplifter moments before he opened fire. The alleged shoplifter punched Madrid in the face after being told to leave, and witnesses said the store clerk shot the man 10 times in response. Court documents stated that the 24-year-old continued to shoot the man as he laid on the ground. The victim remains in the hospital in life-threatening condition....

The Marion County Sheriff’s Office arrested a 38-year-old Ocala man after he was accused of carrying a machete inside a local store and threatening several employees and customers. On Sunday, an MCSO deputy responded to the Family Dollar located at 6060 SW Highway 200 in Ocala in reference to a suspicious incident. A store employee had contacted the sheriff’s office to advise that a man, later identified as Carl Jay Woodruff, had walked into the store with a black machete in his hand, according to the MCSO report. Upon arrival at the store, the deputy made contact with Woodruff and...

An employee at a Family Dollar store in Texas opened fire on a would-be shoplifter, striking him multiple times and killing him, cops said Tuesday. Antonio Batres, 21, is now facing a murder charge for shooting the 49-year-old man in the back after a “physical altercation” at the Houston Family Dollar on Sunday at about 4:30 p.m., according to Houston police.

A consumer complaint prompted officials to inspect the West Memphis, Arkansas, facility in January, the FDA said in a news release Inside the building, inspectors said they found live rodents, dead rodents in 'various states of decay,' rodent feces, dead birds and bird droppings After fumigating the facility, more than 1,100 dead rodents were recovered, officials said Products include human food, pet food, dietary supplements, cosmetics, medical devices and over-the-counter medications

"Federal inspectors say they found more than 1,000 rodents inside a Family Dollar distribution facility in Arkansas" https://www.youtube.com/watch?v=XrA2Kxo7qvA

A St. Louis man started shooting inside a Family Dollar store after he was asked to leave for not wearing a facemask. KMOV reported: Employees at the Family Dollar store on South Jefferson in the Gravois Park neighborhood told Perry and his companion he had to leave the store because he wasn’t wearing a mask, the probable cause statement reads. Perry and his friend allegedly argued with store employees, insulted those employees and then threatened to “shoot up this place” before leaving the store. When one person walked outside the store to make sure Perry and his friend were leaving...

With Cub, Target, two Aldi stores and many small markets damaged by rioting over the past week, Longfellow and about eight other neighborhoods have nearly become a food desert. “I consider the loss of these businesses devastating,” said Melanie Majors, executive director of the Longfellow Community Council. “Besides just the food, there’s a lack of retail for diapers, formula, household goods, even clothing.” Many residents of the area shop lower-priced stores such as Aldi or dollar stores. Two of those dollar stores — including Family Dollar on Lake Street — were destroyed in last week’s looting and violence that arose...

A woman, her adult son and husband have been charged in the fatal shooting of a security guard who refused to let her daughter enter a Family Dollar in Michigan because she wasn’t wearing a face mask to protect against transmission of the coronavirus.

A Family Dollar store security guard was fatally shot in Flint, Michigan, on Friday after telling a customer her child had to wear a face mask to enter the store, prosecutors said. An argument began when the security guard, Calvin Munerlyn, 43, told Sharmel Lashe Teague, 45, that customers needed to wear face masks in the store, Genesee County Prosecutor David Leyton said at a Monday news conference. She yelled at him, spit on him and drove off, Leyton said. About 20 minutes later, her car returned to the store and her husband and son, Larry Edward Teague, 44, and...

Dollar Tree announced early Wednesday morning during its fourth-quarter earnings results that it will be closing as many as 390 of its Family Dollar stores in 2019 and remodeling 200 locations to become Dollar Tree stores. This follows on from 85 store closings at the chain during the fourth quarter of 2018. It has been three years since Dollar Tree bought Family Dollar, and analysts say that so far, it's been a disappointing run. The discount chain, which has more than 8,000 stores in the United States, has pulled down its parent company's earnings over the past few years. In...

TUCSON, AZ (Tucson News Now) - Tris Pharma, Inc. has voluntarily recalled three (3) lots of Infants' Ibuprofen Concentrated Oral Suspension, USP (NSAID) 50 mg per 1.25 mL, to the retail level. The recalled product has been found to potentially have higher concentrations of ibuprofen. The company is warning that there is a possibility that infants may be more vulnerable to permanent NSAID-associated kidney injury because they are more susceptible to a higher potency level of the drug. Side effects are nausea, vomiting, epigastric pain, or more rarely, diarrhea. Tinnitus, headache and gastrointestinal bleeding are also possible adverse effects. To...

BRECKENRIDGE HILLS • A Tennessee woman grabbed two knives from the shelf at a Family Dollar store here Tuesday and began stabbing a customer in the head, fatally wounding the victim. Cameka Cathey, 34, of Memphis, was charged with first-degree murder and armed criminal action in the attack. She is accused of stabbing Marybeth Gaeng, 65, inside the Family Dollar Store at 9730 St. Charles Rock Road. Cathey entered the Family Dollar store and retrieved two knives from the shelf, according to court documents. She then approached Gaeng and stabbed her in the head. While employees were trying to help...

Watching Fox News. Just had a live interview with Rick Leventhal in Wilmington. Has video of looters (the usual perp types) at a Family Dollar and someone yelled at him "where are the police? Our taxes pay for them?." Leventhal contacted the police and they responded back that it was a "management decision" not to respond (their response was shown on the story)

MIDDLETOWN, Ohio (AP) - Police say a 10-year-old boy has been charged as a juvenile with aggravated arson after a fire at an Ohio discount store caused damage estimated at more than $200,000. Middletown police Lt. Jim Cunningham says about 10 people were inside the Family Dollar store when the fire began Sunday afternoon. No one was hurt.

A New Orleans woman says a dollar store cashier refused to help her because she’s gay. Family Dollar said it is investigating the incident.