More than 120 towns and cities have.

Verkkodollar tree announced plans to shut down almost 1 in 8 family dollar stores.

Verkkoafter years of exponential growth, more local governments are taking action to stop new stores being built in their communities.

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Verkkodollar tree on wednesday said it plans to close nearly 1,000 stores over the next several years, after disclosing significant losses in its latest earnings.

Find out why the closures could be both good and bad for consumers.

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