Family Dollar on Eight Mile in Warren is closing

State of play: The location at 4803 E. Eight Mile Road in Warren was plastered with signs on Monday announcing "everything on sale" and "everything must go."

• Store fixtures, furniture and equipment are also being sold.
• Warren Mayor Lori Stone said the city was not given advance notice of the closure.

Catch up quick: Family Dollar was sold for $1 billion last year to investment firms Brigade Capital Management and Macellum Capital Management after Dollar Tree announced plans to close hundreds of stores nationwide.

Reality check: It's unclear whether the Warren closure is directly tied to the company's broader restructuring plans. Axios Detroit reached out to Family Dollar and the chain's new ownership group for comment.

Zoom out: Discount grocery competition continues to intensify in Michigan. Aldi plans to open more than 180 stores nationwide this year, including a new Southfield location.

What they're saying: Stone tells Axios she's concerned about the impact on nearby residents who rely on discount retailers for groceries and household essentials.

• "It's not unusual that what's on the dinner table depends on what's left in pockets and wallets at the end of the day," Stone says.