retail news in context, analysis with attitude

The New York Times over the weekend had an op-ed column by Cornell University labor professor Louis Hyman, who argues against the deal announced last week that will have Dollar Tree acquiring Family Dollar for $8.5 billion.

"While hedge funds stand to make millions of dollars from the deal, the millions of Americans on limited budgets who rely on such stores will unfortunately be left behind," Hyman writes, adding, "My concern with this merger is that in the zealous quest for profit-generating 'synergies,' the Family Dollar stores, which provide an affordable alternative to relatively expensive corner stores, may have to be closed."

You can read the entire piece here.
KC's View: