One of the most bargain-friendly retail chains in America – a place that even in difficult economic times is going to see plenty of business – is closing 1,000 stores as it battles merger problems, inflation and rampant store theft.
That retail chain is Dollar Tree, a company whose CEO Rick Dreiling says “is a victim of the macro environment out there.”
Dollar Tree, which also operates the Family Dollar chain, has, like many other retail chains in recent years, seen a major uptick in theft and “inventory loss,” as Dreiling puts it. This is probably due to the Black Lives Matter (BLM) riots, inflation, or more than likely both as society continues to unravel.
As the rich get richer and the poor get poorer, desperation increases. And stores like Dollar Tree and Family Dollar are not immune to its effects, even though they cater more towards being affordable for the working […]
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