Friday, Jul 01, 2016
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Retail

BUSINESS BRIEF

Family Dollar to shut 370 stores, cut prices

NEW YORK — Family Dollar said Thursday that it will cut jobs and close about 370 stores as it tries to reverse sagging sales and earnings. The discount-store operator also will lower prices permanently on about 1,000 basic items.

Family Dollar Stores Inc., which operates 8,100 stores, did not provide details on how many jobs it would cut or what stores would close.

Family Dollar has 21 stores in the Toledo area, and five more in Swanton, Blissfield, and the Monroe area.

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