Nearly 10 years after buying Family Dollar for about $9 billion, Dollar Tree announced it would sell the retailer to two private equity firms.
Category: Family Dollar Stores Inc
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Dollar Tree Explores Sale of Family Dollar
Family Dollar has struggled with its operations in recent years, and Dollar Tree said in March that it would close nearly 1,000 of the stores.
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Family Dollar to Close Nearly 1,000 Stores
The chain has struggled for years. Its parent company, Dollar Tree, cited inflation, theft and reduced government benefits as challenges that had prompted the closings.
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Family Dollar Recalls Hundreds of Products Sold in 23 States
The products, which include over-the-counter drugs, medical devices and hygiene supplies, were not stored at proper temperatures, the company said.
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Leon Levine, Who Made a Billion One Dollar at a Time, Dies at 85
He created the discount chain retailer Family Dollar, which found success, and criticism, by catering to the poor.
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Dollar General Is Deemed a ‘Severe Violator’ by the Labor Dept.
The New York Times – Business:Since January 2017, OSHA has cited the company for 111 instances of workplace safety violations and imposed more than $15.5 million in penalties.
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Retailers Lay Out a Downbeat Outlook as Inflation Squeezes Low-Income Shoppers
The New York Times – Business:Despite better-than-expected earnings, retail executives predict that any sales growth will be much smaller than in years past.
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As Dollar Stores Proliferate, Some Communities Say No
The New York Times – Business:More than 70 proposed dollar stores have been rejected since 2019, a report shows. It’s a small number compared with those that opened but evidence of opposition to the industry.