These are tough times for two big US dollar store chains. In the past month, Family Dollar said it will close nearly 1,000 stores and 99 Cents Only said it will go out of business.

New York — These are tough times for two big US dollar store chains. In the past month, Family Dollar said it will close nearly 1,000 stores and 99 Cents Only said it will go out of business.

New York (CNN) — These are tough times for two big US dollar store chains. In the past month, Family Dollar said it will close nearly 1,000 stores and 99 Dollar stores are shutting down across ...

Both dollar store chains tend to outperform when a weaker consumer and overall economy persist. When inflation hit 40-year highs in 2022, Dollar General and Dollar Tree stocks surged.

Dollar General, a discount retailer with more than 20,000 U.S. locations, plans to shutter 96 stores, plus another 45 of its pOpshelf brand locations, in the early part of 2025.

Both dollar store chains tend to outperform when a weaker consumer and overall economy persist. When inflation hit 40-year highs in 2022, Dollar General and Dollar Tree stocks surged.

Dollar General and Dollar Tree, the nation’s largest dollar-store chains, are together on track to open more than 1,300 new locations this fiscal year. That is down from last year.