The Family Dollar Stores are in need of a major turn around a midst declining sales and profits. On Thursday they announced they will cut jobs. Profit declined 35% along with sales of about 4% from the previous quarter. For their lower income shoppers price matters. So to remedy these issues the company is 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 in 2015.
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