“Family Dollar intends to take what it describes as ‘immediate, strategic actions,’ Levine said.  That includes plans to close approximately 370 underperforming stores and reduce the company’s work force.  Family Dollar operates about 8,100 stores in 46 states. It has about 34,000 employees.  Last week, the retailer announced it had cut 135 jobs at its headquarters — or roughly 6 percent of the corporate facility’s 2,400-employee work force in Matthews.   Family Dollar also plans to slow new-store growth beginning in fiscal 2015, with plans to open between 350 and 400 stores. That’s down from 525 stores this fiscal year.  Family Dollar also will lower prices on roughly 1,000 basic items, Levine said.”

http://www.bizjournals.com/charlotte/news/2014/04/10/family-dollar-to-close-370-stores-after-net-income.html?page=all

Did you like this?
Tip Freedomwat.ch Staff with Bitcoin

Donate via Installed Wallet Copy