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Family Dollar closing 370 stores

(NEWSCHANNEL 3) - Thursday, Family Dollar announced that it plans to close 370 stores nationwide.

The store also says it plans to lower prices on nearly 1,000 basic items, which is part of Family Dollar's effort to improve financial performance.

The move comes as the company recently reported weaker than expected second quarter earnings with profits down 35-percent.

Experts are blaming the harsh winter keeping shoppers at home.

There is no word yet on if any of those closings will be in West Michigan.