TSN : Dollar stores in battle to double down on the poor: He searches for those savings during his daily visits to the Family Dollar Store near his home in Fraser, Michigan, sometimes stopping by as many as 10 times a week if there are things I need, said the 51-year-old home care provider. The small but frequent purchases of low-income customers such as Ware add up: Family Dollar Stores,, which operates about 8,200 stores in mainly urban sections of the U.S., is the target of an $9 billion cash takeover offer from rival Dollar General and an $8.5 billion cash and stock offer from Dollar Tree. Mid-market retailers like Wal-Mart Stores Inc, Macys Inc and J.C. Penney Company Inc have been struggling in recent years as consumers have been slow to return to their pre-recession, freer spending ways. Such forecasts help explain the battle over Family Dollar, the number-two deep discount chain.
Posted on: Sun, 24 Aug 2014 12:28:34 +0000
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