Thanks to demorat’s (and RINOs) out-of-control spending, the U.S. Economy is not that great. Inflation remains high as well as interest rates, US credit card debt is at a new high, and unemployment has hit a tw0-year high. In combination with other progressive policies, stores are closing across the country.
You can now add Family Dollar and Dollar Tree stores to the list (via CNN):
“Family Dollar, the struggling discount chain that caters to low-income customers predominantly in cities, said Wednesday it will close nearly 1,000 stores.
“Persistent inflation and reduced government benefits continue to pressure the lower-income consumers that comprise a sizable portion of Family Dollar’s” customer base, CEO Rick Dreiling said Wednesday on a call with analysts.
Family Dollar will close 600 locations this year and 370 stores over the next several years as store leases expire. Family Dollar has around 8,000 US stores. Dollar Tree also said it will close 30 stores as leases expire.
The closures will improve the company’s profitability. But they are likely to leave a void for Americans with already limited shopping choices. Family Dollar stores are often in areas with few supermarkets, big box stores and other retail options.”
Read the whole story here.
Vote wisely in November, folks. Remember:
DCG