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.