Dollar Stores Close Over 1,000 Locations Across U.S. Due to Falling Profits, Hurting Low-Income Shoppers

Family Dollar and Dollar Tree planning to close about 1,000 stores across U.S. due to operational struggles and declining profits
Closures include 600 Family Dollar and 370 Dollar Tree stores over next few years as leases expire
Hit to low-income shoppers in cities who depend on the discount retailers
Comes amid competitive discount retail market with chains like Walmart and Dollar General
Raises questions for investors about turning to alternative investment options like startup crowdfunding