Business

June 6, 2014 5:20 PM

Carl Icahn takes 9.4 percent stake in Family Dollar

Icahn’s move follows several tough quarters for Family Dollar, one of Charlotte’s most prominent homegrown companies. The retailer has attributed its falling sales largely to the tough economy and pressure on its low-income core customers. But its chief rival, Tennessee-based Dollar General, has been growing its sales and profits.

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