Family Dollar, 99 Cents Only to shut hundreds of stores amid downturn

As bears down on retailers and consumers alike, America's shopping habits increasingly don't support the existence of so-called dollar stores.

There's no denying that has made it almost impossible for dollar stores to make profit selling items for $1 or less.

For years, dollar stores haven't truly been dollar stores, with many of them selling items for far more than $1. As recently as April, California-based 99 Cents Only announced after being in business for decades.

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