Dollar Tree is slashing its full-year earnings and sales forecasts as its customers continue to struggle with higher prices and spend less.

California-based 99 Cents Only Stores says it will close all 371 of its outlets effective Friday.

Dollar Tree will close nearly 1,000 stores and swung to a surprise fourth quarter loss as the discount retailer took a related $1.07 billion goodwill impairment charge.

Ground cinnamon sold in U.S. discount stores is contaminated with high levels of lead and should be discarded.

As inflation on necessities like groceries remains stubbornly high, the well-heeled consumer appears to still be spending, while the lower-income shopper continues to cut back their purchases, according to the latest batch of earnings reports.

Popular dollar store Dollar Tree is taking a break from selling eggs, which have become too expensive for them to stock.

A Livonia family desperately wants their dog Velvet, who disappeared after getting loose, returned to their home.

It was a daring robbery in broad daylight that only lasted a few minutes but took place in three acts, across just over 1000 feet.

Dollar Tree and Family Dollar are recalling more than one million hot glue guns after receiving reports of the products malfunctioning and posing fire and burn hazards.

Getting more bang for your buck used to be the mantra of dollar store shoppers everywhere, but times are changing - and prices are rising.

Faced with the rising cost of goods and freight, discount retail chain Dollar Tree says it will be raising its prices to $1.25 for the majority of its products.

Dollar stores are a great inexpensive option, but there’s a catch: Not everything at the discount store is a good buy.

Here are this morning's top stories.

A Grosse Pointe man is facing multiple felony charges in connection with an armed robbery and sexual assault that happened in November 2020 in Detroit.

ROYAL OAK CHARTER TOWNSHIP, Mich. – Police are investigating a Dollar Tree store armed robbery that took place on Friday at around 9 p.m. in Royal Oak Charter Township. According to witnesses, a black man wearing a hoodie and face mask was in the store making cash purchases before the robbery. The robber returned after all the customers left. He pulled out a gun and threatened to shoot two employees for money from the register. Police say the robber left the store on foot and no one was injured.

DETROIT – For the second time this week, Detroit police are investigating a robbery and assault at a dollar store on Detroit’s east side. On Monday, an armed man robbed a Dollar Tree and sexually assaulted two female employees. The incident happened at a store on Van Dyke Avenue and 8 Mile Road, according to Detroit police. On Tuesday around 7 p.m., a couple was robbed outside a Dollar General on Van Dyke, just a block away from the Dollar Tree near 8 Mile Road. When the wife walked out of the store, the suspect pointed a gun at her and told her to go back inside the store.

DETROIT – Police said an armed man robbed a Dollar Tree store in Detroit and sexually assaulted two female employees. The incident happened Monday night at a store on Van Dyke Avenue and Eight Mile Road, according to Detroit police. READ: Suspect flees scene after robbing Detroit dollar store, sexually assaulting employeesOn Wednesday, metal barriers covered the front of the store. Dollar Tree released the following suspect:We are distressed by the reported incident and we are cooperating fully with law enforcement’s investigation. Dollar TreeAnyone with information is asked to contact the Detroit Police Department’s sex crimes unit at 313-596-1950 or contact Crime Stoppers to remain anonymous at 800-SPEAK-UP.

Here’s what you missed on Local 4 News at 5:Armed man sexually assaults dollar store employees during robberyPolice said an armed man robbed a Detroit dollar store and sexually assaulted two female employees. The incident happened at a Dollar Tree store on Van Dyke Avenue and 8 Mile Road on Monday night, according to Detroit police. The victims are 56 years old and 43 years old.

DETROIT – Police said an armed man robbed a Detroit dollar store and sexually assaulted two female employees. The incident happened at a Dollar Tree store on Van Dyke Avenue and Eight Mile Road on Monday night, according to Detroit police. “All of these places are robbed on a regular basis.”Police said the suspect forced the two victims to the back office. I felt really, really bad because this just doesn’t make any sense to me,” the resident said. Police said the suspect is a Black man who is believed to be around 5 feet, 5 inches tall.

Yet a wave of cities and towns have passed laws curbing the expansion of Dollar General and Dollar Tree, which bought Family Dollar in 2015. Advocates of tighter controls on dollar stores say the big chains intentionally cluster multiple stores in low-income areas. Dollar General and its dollar store rivals mostly sell snacks, drinks, canned foods and vegetables, household supplies and personal care products at rock-bottom prices. Dollar stores can open quickly in new areas because they are small and have lower operating costs than grocery stores. Family-owned grocery stores operate at razor-thin profit margins and dollar stores can pressure them with lower prices, experts say.