The U.S. economy is so bad that even dollar discount store chains are closing down
Dollar stores have long been popular among bargain-seeking Americans, so you’d expect business to be booming as the economy goes down the drain. However, it turns out the opposite is happening: the economy has gotten so bad that even dollar stores can’t keep their doors open.
The California-based discount store chain 99 Cents Only recently announced that it will be closing every one of its 371 stores after several decades of selling discounted goods. The company is blaming the closure on a variety of economic factors, including inflation, shifting consumer demands and the pandemic.
Meanwhile, the owner of Family Dollar, Dollar Tree, has recently announced that it will be closing almost 1,000 stores, with 600 locations set to close this year and a further 370 going out of business when their…
