Family Dollar To Close Hundreds of Stores
Family Dollar did not provide details on how many jobs were expected to be eliminated.
The chain said the store closings and job cuts should reduce annual operating expenses by $40 million to $45 million, starting with the fiscal third quarter. Family Dollar Stores Inc. currently has more than 8,100 stores in 46 states.
The job cuts and store closings are estimated to result in an approximately $85 million to $95 million restructuring charge during fiscal 2014′s second half.
The Matthews, N.C., company also said it will slow new store openings beginning in fiscal 2015 to bolster its return on investment. It now anticipates opening 350 to 400 new stores. In fiscal 2014 it had about 525 new stores.
The announcement came as Family Dollar reported its profit and revenue declined in the fiscal second quarter, which was hampered by bad winter weather.
Chairman and CEO Howard Levine said in a statement that the poor weather led to numerous store closings, disrupted merchandise deliveries and higher-than-expected utility and store maintenance expenses.
Derek2Ill is busting out the hinges of a “Magic Box.” The new single, presented by Digital Dynasty Music Group features Biggz and comes with production by Zero 610. Listeners will get minutes of in-your-face bars that will keep whack rappers on the sidelines. Classic cuts and scratches heighten the duo’s performance and message. Stream “Magic Box” and connect with the Bethlehem artist below.
Magic Box on Spotify –https://open.spotify.com/track/2frAsehYgtPrfMuxaIaEKx?si=ffaabda259754e3d
Connect
Derek2ILL Facebook:
https://www.facebook.com/profile.php?id=61558079643252
Derek2ILL Instagram:
https://www.instagram.com/derek2illddmg/
Derek2ILL Tiktok:
https://www.tiktok.com/@derek2illddmg
Biggz Instagram:
https://www.instagram.com/killembiggz/
Hip Hop beef may be back, but the antics are on another level. Rick Ross didn’t take Drake’s recent dis track Push-Ups lightly. Rozay immediately took to the studio to comeback at the ‘white boy’ with a dis of his own entitled Champagne Moments. The MMG CEO explains that he is on a different level of gangster and the Instagram antics can’t get him out of a luxurious seat in his private hanger. While exposing fandom audio, switchable accusations, and fake body parts, Rozay says this beef has to end face to face. Let us know your thoughts on the official video below. Stream your copy of the single here and follow Rick Ross on Instagram and Twitter.
In the bustling streets of Southeast, Washington DC, rapper Kazon’s latest offering, “My Brother,” emerges as a symphony of redemption and advocacy, resonating with audiences far and wide.
Kazon’s path to musical stardom has been fraught with obstacles, from brushes with the law to a brush with death that left him scarred but unbroken. Through it all, he credits his resilience to the belief that every setback is an opportunity for growth.
With “My Brother,” Kazon takes on the role of a lyrical mentor, offering guidance and solace to Black youth grappling with violence and systemic oppression. Through heartfelt verses and melodic refrains, he shares his own journey of redemption, using his past mistakes as a catalyst for change.
At its core, “My Brother” is a call to action—a plea for unity, love, and advocacy within the Black community. Kazon’s harmonious tale serves as a reminder that through solidarity and advocacy, we can effect real change and pave the way for a brighter future.
As the final notes of “My Brother” fade into the ether, Kazon’s message lingers: every trial is a testament to our strength, and every mistake is a chance to do better. Through his music, he invites us to join him in a journey of redemption and advocacy—one that holds the promise of a more just and equitable world for all.
Listen to Kazon’s music here:
*
-
Entertainment2 weeks agoBlaxicana Fest 2024 Invaded Downtown Los Angeles
-
Videos2 weeks agoWest Denver native ATAK drops new visuals to “How Do I Love” featuring Ha$h
-
Indie1 week agoWynn Trip 2 Daygo ft. B-Rell (Official Video)
-
Videos1 week ago@itsLebraJolie Will Make You Say “Yeah” Feat. @BiaBia (Prod. @PierreBourne)
-
Music2 weeks agoNew music by Tha Vicious – ICE
-
Artist2 weeks agoKrown Vic Links With Big Flock For Some Adventures With “Knock Knock”
-
Albums2 weeks ago(Album) Dheezy (@DheezyDoesIt) – “Down Under Come Up Vol. 1: The Lonely Road” + “WTF Ya Mean?” f/ Kurupt & Planet Asia (Video)
-
Artist2 weeks agoRapper Famous Amos Tells The World About His “Herbal Needs” With A New Song & Visuals