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Dollar Tree's Store Closure Strategy
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Dollar Tree, the parent company of Family Dollar, plans to close 1000 Family Dollar stores in 2024 due to financial losses but reported an 8% revenue increase. CEO Richard Dreiling attributes Family Dollar's struggles partly to SNAP benefit cutbacks.
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How could changes in SNAP benefits continue to influence the performance of discount retailers like Family Dollar?
How might Dollar Tree's closure of Family Dollar stores impact the retail landscape?
What steps could Dollar Tree take to mitigate financial losses and sustain revenue growth?
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