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Battle for Poor Shoppers Fuels Dollar-Store Deal

July 29, 2014

The battle for America's poorest consumers intensified Monday with Dollar Tree Inc.'s agreement to buy rival Family Dollar Stores Inc. for about $8.5 billion. Earlier this month, Family Dollar said it would begin a multiyear rollout of beer and wine beginning in 2015 to boost sales and draw more shoppers into its stores. It echoed a move by Wal-Mart, which has spent the past couple of years redesigning stores to make room for more beer, wine and spirits in a bid to double alcohol sales by 2016.