"Mass Store Closures: Dollar Store Chain Shutting 1,000 Locations Amid Economic Challenges"

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Source: CBS News
"Mass Store Closures: Dollar Store Chain Shutting 1,000 Locations Amid Economic Challenges"
Photo: CBS News
TL;DR Summary

Dollar Tree is closing nearly 1,000 stores, including 600 Family Dollar locations in 2024, representing about 15% of its Family Dollar locations, due to flagging sales and the impact of inflation on its low-income shoppers. The closures are expected to hit some communities hard, as these stores may be the only ones serving the entire area and providing jobs. The company has not released a comprehensive list of the locations it is closing, but some known closures include stores in Illinois, Missouri, New Jersey, North Carolina, and Virginia.

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