Dollar stores are hitting hard times, amid shoplifting and inflation-weary shoppers
CBSN
Since their beginnings in the 1950s, dollar stores have mushroomed across the U.S., sprouting up in urban and rural communities alike. But their rapid growth appears to be hitting a speed bump as their low-income customers struggle with inflation, cuts to government benefits and other problems.
Dollar Tree on Wednesday said it will shutter about 15% of its Family Dollar locations, leading to the closures of roughly 1,000 stores. It also plans to close about 30 of its own Dollar Tree-branded stores, with the company singling out unprofitable locations amid a hit to its customer base from inflation and cuts to food stamps.
Probational federal employees who lost their jobs on Thursday as part of the Trump administration's mass firing of government workers expressed shock and anger at the terminations, which they contend will hurt the government's ability to provide services.
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It was Labor Day weekend 2003 when Matt Scribner, a local horse farrier and trainer who also competes in long-distance horse races, was on his usual ride in a remote part of the Sierra Nevada foothills — just a few miles northeast of Auburn, California —when he noticed a freshly dug hole along the trail that piqued his curiosity.