Family Dollar will close nearly 400 stores

[Doobie Doo]

Family Dollar will close nearly 400 stores
By Nathaniel Meyersohn, CNN Business
Updated 8:30 AM EST, Wed March 06, 2019

New York (CNN Business)Family Dollar will close 390 stores this year and make big changes to the stores it is keeping open as the discount chain seeks a turnaround.

Family Dollar sells a variety of items for under $10 at rural and urban locations. Dollar Tree bought the company in 2015. But Family Dollar has struggled, and Dollar Tree is under heavy pressure from an activist investor to sell or revitalize the ailing line.

Dollar Tree (DLTR), which sells everything for $1 and caters more to mid-income customers with suburban stores, has a plan for Family Dollar: Close stores, re-brand some locations as Dollar Tree, and renovate others with $1 Dollar Tree merchandise sections.

"We are confident we are taking the appropriate steps to reposition our Family Dollar brand," Dollar Tree CEO Gary Philbin said in a news release Wednesday.

This is a developing story.

Family Dollar will close nearly 400 stores

 

[606onit]

They took my favorite one down by the crib.

 

[Ol’Otis]

Lemme guess Amazon?

 

[BaileyPark31]

I didn't even notice Dollar Trees are all over suburban shopping plazas while Family Dollar is mostly in the hood or out in the country.

 

[Memorial Stadium Piru]

Family Dollar stays packed, I didn't know they were having issues

I've been seeing a whole lot of Dollar Generals popping up

 

[semicko82]

Not surprised, every Family Dollar I went to seem like a ghost town

 

[Freedman]

Over saturation. They'll be like 4 of these MFs in a 30 mile radius along with 4 Dollar Generals and not enough income to support all those stores.

 

[Killah Ray]

Bruh they could close 4000 Dollar General stores and everyone would still be within 3 miles of one.

 

[ba'al]

The one near were I use to stay was expanding. As long as them nikkas sell unique hood snacks I'm a loyal costumer.

nikka I'd seen damn sour patch candies flavored cereal in that bih like who would eat that but shyt they got it. They also had hot cheetos ruffles. Too many rare gems in there.

 

[Antwon Mitchell]

Dollar Tree & Dollar General I believe has been beating Family Dollar for a long time now (maybe the past 5-7yrs) from what I've heard .

 

[Easy-E]

This type of shyt gets posted all the time and we still think its play time in America.

They tryna get us the fukk out of here. See student loan debt.

 

[hayesc0]

I think this was in the long term plans because dollar tree purchased them several years back.

 

[Antwon Mitchell]

sour patch candies flavored cereal

I once saw some these up in there

I brought a box to see what it was about shyt had too much marshmallows.

 

[Ezekiel 25:17]

Brehs in here bragging about what they get in Family Dollar. Talm some "My Favorite store closed down" I don't shop at family dollar and never will, every time I go in one of them joints it's just all around dusty. Cheap dusty items, dusty old people, dusty workers. I'm too high class for all that

 

[number21]

Brehs in here bragging about what they get in Family Dollar. Talm some "My Favorite store closed down" I don't shop at family dollar and never will, every time I go in one of them joints it's just all around dusty. Cheap dusty items, dusty old people, dusty workers. I'm too high class for all that

Okay, "Mr. High Class"