Family Dollar to close 600 locations by the end of the year

[TheFugitive]

Family Dollar has announced that they will close around 600 stores by the end of 2024 and will allow leases to expire on an additional 370.

https://www.cnn.com/2024/03/13/investing/family-dollar-dollar-tree-closing-stores?Date=20240313&Profile=CNN&utm_content=1710331380&utm_medium=social&utm_source=twitter

They cite persistent inflation which has taken a bite out of the purchasing power of their lower-income customer base as the primary reason.

[TheFugitive]

One reason why Family Dollar may be closing so many stores.

A lot of them are in really tough areas. 

This one in Pittsburgh was robbed by the same guy three times in a week.

https://triblive.com/local/morning-roundup-police-say-homewood-man-robbed-same-family-dollar-store-3-times/

Would not be shocked to see it wind-up on the closing list then.  This is terrible for the people who live in these neighborhoods because they lose what little options they have to buy necessities.