Family Dollar will close 390 stores this year — one of many big changes the discount retailer hopes will help reverse its fortunes. The chain courts low-income shoppers with an array of items sold for under $10 at its more than 8,000 stores. It is owned by Dollar Tree, which operates a chain of 7,000 stores in suburban areas. Dollar Tree stores cater to customers who make more than Family Dollar customers do, but all of their products sell for only $1. Dollar Tree bought Family Dollar in 2015 for $8.5 billion. Competitor Dollar General has almost 15,000 stores in the U.S.
The Family Dollar on Oglethorpe in Savannah is relaively new but we don't know its fate yet.