71°

Topics

Carl Icahn
The dollar store merger shows just how badly Americans are doing
The dollar store merger shows just how badly Americans are doing

Mergers-and-acquisition types on Wall Street are no doubt cackling over the proposed $8.5-billion merger of Dollar Tree and Family Dollar Stores -- and why not, since it was spurred in part by corporate sharpshooter Carl Icahn? But the grim reality underlying the deal is that there are so many American households  struggling that the market segment is worth battling for. And the fight is all the more ferocious because the spending of these households is stagnant, like their income.  What's especially demoralizing is that these shoppers are even falling below the radar screen of those traditional retail destinations of the low-price market, Wal-Mart and Target. Both...

Loading