09 April 2017 (17:23 UTC-07 Tango 06) 20 Farvardin 1396/12 Rajab 1438/13 Jia Chen 4715
In my routine reading of state WARN (Worker Adjustment & Retraining Notification) listings I discovered massive listing for Dollar Express shutdowns. I’ve also found local news reports revealing that Family Dollar stores are also being shutdown. This is connected to the takeover of Family Dollar by Dollar Tree in 2015, and the takeover of Dollar Express by Dollar General just days ago.
Is the Chubbuck, Idaho, Family Dollar about to bite the dust?
On 30 MAR 2017, Dollar Express notified Idaho Department of Commerce that its store in Emmett was shutting down.
In 2014 I wrote how Family Dollar was being sold to a company called Dollar Tree. I also wrote how New York based Yankee One Dollar went out of business, blaming jacked up employee insurance costs due to ObamaCare. And in 2013 I reported how Idaho based Honk’s $1.00 suddenly died and was shutting down. Initially Boise news media claimed that no Honk’s stores were shutting down, until days after BlindBatNews posted the evidence, then the Boise main-streamers finally reported the shutdowns!
To get the takeover of Family Dollar approved, the federal government required Dollar Tree to sell-off more than 3-hundred stores. Those stores became known as Dollar Express in 2015 under ownership of a vulture capitalist company called Sycamore Partners. At the end of March of this year Sycamore Partners quietly sold them to competitor Dollar General, who immediately began shutting them down.
Dollar General’s sudden takeover and shutdown of Dollar Express (not to be confused with car rental company Dollar EXPRESS) is interesting because in 2016 Dollar General administrators said they were about to embark on a massive expansion program. The sudden shutdown of Dollar Express will kill 2-thousand-7-hundred jobs! That’s according to news media in the state of North Carolina, where Dollar Express is headquartered.
But wait, at the same time news reports are popping up around the country revealing that Family Dollar stores are shutting down as well. A Family Dollar in Saint Louis, Missouri, and one in Saranac Lake, New York, are shutting down by the end of June. It turns out that many of the Family Dollar stores sold-off in 2015, to create Dollar Express, were allowed to continue operating under the Family Dollar name!
What this looks like to me is a complicated game that the top U.S. ‘dollar’ store operators are playing with federal regulators, in an attempt to create a monopoly. Many analysts say which Family Dollar stores will shutdown depends on if there is another dollar store nearby. Keep in mind that dollar stores target poor people, yet because poor people don’t have enough money to support the dollar store industry desperate dollar store owners are trying to create a monopoly, it’s proof we’re in a depression not a recovery. Thousands of dollar store employees have lost their jobs since the U.S. dollar store wars began in 2013 (under the rule of Barack Obama)!
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