the Family Dollar stores are in need of
a major turnaround they're in the midst
of declining sales and profits and a
tough market on Thursday the company
said they will cut jobs the discount
retailer which caters to lower-income
shoppers many of whom live paycheck to
paycheck reported a 35 percent decline
in profit from the previous quarter
along with a sales decrease of almost
four percent in the end price really is
what matters so to remedy these issues
they're planning to close 370
underperforming stores they'll also cut
prices on 1,000 basic items along with
slowing down their expansion plans for
new stores at last check the stock was
trading just under $60 and down more
than three percent looking on the bright
side Family Dollar had a strong showing
in the sales of frozen food and tobacco
products items that could probably last
to the next paycheck for the street I'm
Corey Hale in New York