Family Dollar plans to close about 1,000 stores nationwide as inflation takes a bite out of consumers’ wallets and low-cost-retailers’ profits. Family Dollar will close 600 locations in the first half of this year and 370 stores over the next several years as store leases expire. Also, Dollar Tree, which owns Family Dollar, reports it …
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Family Dollar Stores to Pay Big for Criminal Penalty in Food Safety Case
Family Dollar Stores, a subsidiary of Dollar Tree Inc., pleaded guilty Monday to holding food, drugs, cosmetics, and other items under “insanitary” conditions at a now-closed, rodent-infested distribution center in West Memphis, Arkansas, federal prosecutors said. U.S. Department of Justice said in a news release that the company’s plea deal includes a fine and forfeiture …