Family Dollar is one of the largest discount stores in the United States. The company was founded in 1962 and is headquartered in Dallas, Texas. In 2016, the company announced that it would be acquiring Dollar General for $8.
1 billion. The acquisition was completed in January 2017.
Since the acquisition, Family Dollar has seen a decline in sales. In February 2017, the company announced that it would be closing about 1,100 stores.
This is in addition to the 1,100 stores that were closed in 2016. In March 2017, the company announced that it would be laying off 2,000 employees.
According to the company, the closures and layoffs are due to the acquisition of Dollar General. Family Dollar plans to use the money from the Dollar General acquisition to increase its online presence and to improve its customer service.
The conclusion to this article is that Family Dollar is being bought out, and this is causing a decline in sales.
