Friday, June 2, 2017

Family Dollar’s ‘scheme to kill’ Charlotte retailer cost thousands of jobs, suit says

Image result for family dollarIn the latest twist in a long-running dollar-store drama, the Charlotte-based retailer Dollar Express is suing Family Dollar and parent company Dollar Tree for setting out to “kill Dollar Express” and ultimately putting the new chain out of business.

Dollar Express is the chain started by private equity group Sycamore Partners when it bought more than 320 stores from Matthews-based Family Dollar in 2015. Family Dollar had to sell the stores for antitrust reasons when it was acquired by Virginia-based Dollar Tree.

In its suit, Dollar Express alleges that Dollar Tree and Family Dollar sabotaged the chain of stores that it sold to Dollar Express by hiring and promoting unqualified workers and opening new Family Dollar-branded stores in close proximity to Dollar Express stores – using Dollar Express’s confidential information.. . .more

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