99 Cents Only and Family Dollar close hundreds of locations due to "retail apocalypse" from inflation, consumer habits, and competition.

99 Cents Only and Family Dollar close hundreds of locations due to the "retail apocalypse" caused by inflation and changing consumer habits. The retail industry has struggled since the pandemic, and dollar store chains like 99 Cents Only (closing 371 stores) face challenges from economic factors and competition from Target, Walmart, and Five Below. Dollar General continues to grow.