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A new shopping center in Houston will have two dollar-store anchors: Dollar Tree and Family Dollar.
Dollar Tree owns Family Dollar, the former having purchased the latter in 2014, for $8.8 billion. This is the first time these two chains have ever gone into any retail center together, says Rob Johnson Interests, which is developing the Shoppes at 249, as the retail center going up along state Highway 249 is to be called, according to the Houston Chronicle.
The difference between the two: Dollar Tree charges $1 per item or less, while Family Dollar operates more generally as a discount retailer.
By Brannon Boswell
Executive Editor, Commerce + Communities Today
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