Is the bloom off the dollar stores?

After massive expansion over the past few years, including some500 new stores in 2013, the company will undertake significantclosures this year, Chairman and CEO Howard R.Levine said in its second quarter results release.

While reporting a total sales decline of 6.1 percent over theyear-ago second quarter, and a comp-store drop of 2.8 percent,Family Dollar will close 370 older and lessproductive stores, and slow new store openings for fiscal 2015.

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