Dollar Tree announces plans to close stores
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 13 March 2024
⏱️ 1 minutes
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Summary
Stocks close mixed; Dollar Tree closing about 1,000 Family Dollar locations; McDonalds says lower-income consumers are pulling back; mortgage applications rise.
Transcript
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| 0:00.0 | This is the Marketplace Minute. I'm just a no. Stocks were mixed on Wednesday. The Dow gained a tenth of our percent, but the S&P fell 2 tenth percent, and the NASDAQ gave up more than half a percent. |
| 0:15.0 | The discount retailer Dollar Tree says is planning to close about a thousand of its family |
| 0:19.4 | dollar stores over the next few years. |
| 0:21.8 | The company says inflation and reduced government benefits |
| 0:24.6 | have put pressure on its customers, many of whom have low incomes. |
| 0:28.1 | McDonald says lower-income consumers have been pulling back too, An executive said many of them are choosing to eat |
| 0:34.9 | at home instead of going out to eat. As a result, the company says it's offering more bundles at a $4 price point. |
| 0:41.4 | It's also going to step up its marketing. And the number of mortgage |
| 0:45.4 | applications ticked up last week according to the Mortgage Bankers Association. |
| 0:49.2 | It says the average rate on a 30-year fixed mortgage fell to around 6.8%. |
| 0:54.8 | I'm Justin Ho, with the Marketplace Minute. You're going to. |
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