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Discount chain announces it will close stores, cut jobs

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OKLAHOMA CITY – A popular discount store announced that it is shutting the doors to some stores and cutting jobs.

Family Dollar announced that it is planning to close about 370 under-performing stores to reverse sagging sales.

The chain says the cuts will reduce operating expenses by at least $40 million.

Family Dollar currently has more than 8,100 stores in 46 states with about 100 in the metro.

No word on which stores will close and how many jobs will be cut.