Family Dollar

Jennifer Lang / WFAE

The pending merger of Family Dollar Stores and Dollar Tree now appears to be headed toward completion in early July.  

Dollar Tree CEO Discusses The Future Of Family Dollar

Feb 26, 2015
Jennifer Lang / WFAE

Dollar Tree hopes to finalize its acquisition of Family Dollar by the end of April. Dollar Tree CEO Bob Sasser outlined the company’s strategy for integrating the two companies on a call with investors Wednesday. 

The sale of Matthews-based Family Dollar to its rival Dollar Tree could take longer and require more store closures than the companies previously announced.

Dollar Tree had said it expected to close 300 stores to win federal approval of the deal and allay any concerns about creating a monopoly in some markets. But, in a filing Tuesday, the company says the Federal Trade Commission is reviewing more than 500 stores for possible closure, with more possible.

JeepersMedia / Flickr/

The Great Recession hobbled the U.S. economy and crushed many businesses, but some companies thrived, including the so-called "dollar" stores.

Shoppers flocked to them because you could buy a lot with not much money. And as the economy rebounds, people are still going to some. But one chain, Family Dollar, hasn't kept pace with its competitors.

Family Dollar Becomes Part Of Dollar Tree

Jan 22, 2015
Jennifer Lang / WFAE

Family Dollar will become part of Virginia-based Dollar Tree. The company’s shareholders this morning approved the $8.5 billion deal. The vote ends a months-long struggle for control of Matthews-based Family Dollar.

Jennifer Lang / WFAE

Family Dollar saw its first quarter earnings drop significantly. The Matthews-based discount retailer said Thursday the period was a “very challenging” one for the company. 

Highway 74 Closer After Traffic Fatality 

Highway 74 is still closed in Monroe near CMC-Union. A section of the road has been shut down in both directions since shortly after 7 this morning, when a tractor trailer turned over onto a sheriff’s deputy’s patrol car. The deputy was killed in the accident. Authorities haven’t released that person’s name. The driver of the tractor trailer, Eddie Weeks of Fayetteville, faces a misdemeanor death by motor vehicle charge. The DOT hasn’t said whether that section of Highway 74 will reopen.

Jeremy Brooks

The discount chain Dollar General officially launched a hostile takeover bid for Matthews-based rival Family Dollar today. Ten miles up the road, banana giant Chiquita signed an agreement to open its books to Cutrale-Safra—a collaboration of Brazilian companies—which threatened a hostile takeover. The merger battles are part of a larger, post-recession economic trend.

Courtesy of Carl Icahn's Twitter page

The future of Family Dollar is uncertain—it’s in the midst of a bidding war as its board of directors decides whether to sell the company to Dollar Tree or Dollar General. But this much is certain: The billionaire investor who helped spur this pending ownership change is now cashing in.

Charlotte Mecklenburg police say officers did nothing wrong when they arrested a man for putting flyers on cars during a Moral Monday protest on Labor Day. Tyjuan Turner was released before he was booked; CMPD gave him a citation instead. Turner says officers approached him as he was distributing the flyers and told him he was breaking a city ordinance. He also complains that he asked to see the ordinance and that officers should have taken him straight to jail instead of moving him to an empty parking lot. CMPD says police are not required to show laws or ordinances when making an arrest and that it’s routine to remove an arrestee from the scene of a possible crime to ease tension.