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April 11, 2014

Family Dollar to close 370 stores, cut prices

  • The retail chain follows competitors in highlighting the split between shoppers who are enjoying an improving economy and those being left behind.
  • By ANNE D'INNOCENZIO
    AP Retail Writer

    NEW YORK — 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.


     
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