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Stock impact report

Family Dollar to close distribution center in Matthews, layoff 373 workers [Yahoo! Finance]

Dollar Tree, Inc. (DLTR) 
Last dollar tree, inc. earnings: 3/4 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: dollartreeinfo.com/investors
Company Research Source: Yahoo! Finance
Family Dollar is permanently closing its distribution center in Matthews and laying off 373 employees, according to a regulatory notice filed on Monday. The closure affects the company's site located at 10401 Monroe Road. ALSO READ: Dollar Tree to sell Family Dollar for $1B The job losses were detailed in a Worker Adjustment and Retraining Notification filed this week. The move comes about one year after Family Dollar was sold by Dollar Tree to private equity firms Brigade Capital Management and Macellum Capital Management. Family Dollar officials confirmed that the company is providing support to the affected workforce. All employees have been notified and have been offered a severance package, officials said. Family Dollar and Dollar Tree maintain distinct retail strategies. Family Dollar typically operates in urban areas and focuses on selling groceries, cleaning products and other household goods at various price points. By contrast, Dollar Tree primarily sells party Show less Read more
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