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Family Dollar Stores, Inc. is an American variety store chain. With over 8,000 locations in all states except Alaska and Hawaii, it was the second largest retailer of its type in the United States until it was acquired by Dollar Tree in 2015 when its headquarters operations were moved from Matthews, a suburb of Charlotte, North Carolina, to Chesapeake, Virginia, located in South Hampton Roads.
But Family Dollar has lost ground to Dollar General, in particular due to prices: Family Dollar’s prices can be 10% to 15% higher than Dollar General’s and other discount competitors.
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The days of dollar stores may soon be a thing of the past after the Dollar Tree announced it would raise the price cap in its stores again.
Technically speaking, Family Dollar has the lower price, as the per-unit cost for each scrubber is $1.17. However, Family Dollar requires you to purchase seven boxes online, which totals $24.50.
The company grew rapidly; by 1961, Family Dollar had expanded into neighboring South Carolina. In 1962, Family Dollar did some $2 million ($19.9 million in 2023 money) in business, and moved into the Augusta, Georgia market. Around this time, Levine went solo, buying out his partner's interest in the company.
On March 13, parent company, Dollar Tree, announced in a press release it plans to shutter nearly 1,000 Family Dollar stores after seeing declining sales in 2023.
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