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| Family Dollar closing more stores. |
Family Dollar is expected to close up to 1,000 stores. The end game is the parent company Dollar Tree is selling it off and the company itself has experienced some downturn.
Y'all voted for this. Expect this to happen more once President Joe Biden is out and future President Donald J. Trump is in.
Dayton, Ohio is expected to lose seven stores in the near future. One located close to downtown is closing. The nearest Family Dollar is located four miles.
The Family Dollar at 1130 N. Main St. at E. Helena Street, about a mile north of downtown, is set to close Nov. 23. The store is selling items at a 20% discount this week. The store is expected to offer sales of 30% off next week and 40% off in its final week of operation. They remodeled the store in Nov. 2023.
It shocked shoppers and angered community residents who already fed up with food deserts and corporations forcing out smaller stores.
The recent Family Dollar closures were on N. James H. McGee Boulevard, N. Gettysburg Avenue and Salem Avenue. Future locations expected to close include Patterson Road and W. Third St. (Westown Shopping Center).
In a Nov. 4 press release, Dollar Tree notes that the company is exploring the sale of Family Dollar, among other considerations. "The Family Dollar business segment... could include a potential sale, spin-off, or other disposition of the business," the statement reads.
In March 2024, Family Dollar announced plans to close 1,000 stores. The company pointed to inflation, a shift in consumer spending, and safety concerns were all factors contributing to lower sales and profit below expectations.
The dwindling locations began affecting Ohio around April, when Family Dollar announced it would be laying off some or all of the 265 employees who work at those locations on or around April 20.
The chain will also shut down more than 300 Family Dollar and 30 Dollar Tree stores at over the next several years, according to a company press release from April 2024.
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