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Essential retailer closing 500 locations (here's where and when)

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Dick's Sporting Goods, a retailer that could have easily been replaced by the internet, has also thrived by adding experiences to its stores, making them destinations. 💰💸 Don't miss the move: SIGN UP for TheStreet's FREE Daily newsletter 💰💸 What the internet has done is expose weakness.
The article from MSN Money discusses the closure of 500 Family Dollar stores, a discount retail chain, as part of a strategic move by its parent company, Dollar Tree, Inc. This decision comes after Dollar Tree acquired Family Dollar in 2015 for $8.5 billion, aiming to expand its market reach. The closures are primarily due to underperforming stores, with the process expected to be completed by mid-2024. The move is part of a broader effort to optimize the company's store portfolio, focusing on profitability and operational efficiency. This action reflects broader trends in the retail sector where companies are reevaluating their physical footprints in response to changing consumer behaviors, increased online shopping, and economic pressures.

Read the Full TheStreet Article at:
[ https://www.msn.com/en-us/money/companies/essential-retailer-closing-500-locations-here-s-where-and-when/ar-AA1BCNCJ ]