Family Dollar is joining the ranks of retailers closing stores across the United States. According to a statement from its parent company, Dollar Tree, the company will shut down approximately 1,000 stores nationwide over the coming years. CEO Rick Dreiling attributed the closures to rising inflation and the reduction in Supplemental Nutrition Assistance Program (SNAP) benefits by state governments.
The Economic Impact
“Persistent inflation and reduced government benefits continue to pressure low-income consumers, who make up a considerable portion of Family Dollar’s customer base,” Dreiling stated during a call with analysts, as reported by CNN.
This announcement comes weeks after the US Food and Drug Administration (FDA) fined the company following the discovery of a rodent infestation two years ago in about 400 stores. “The inspection found live rodents, dead rodents in various states of decomposition, rodent feces and urine, evidence of rodent nesting, and rodent odors throughout the facility, dead birds and bird droppings, and products stored in conditions that did not protect against contamination, ” the agency said in a statement.
In 2015, Dollar Tree acquired Family Dollar for $8.5 billion, hoping to join forces and boost its customer base. However, the merger has not paid off as expected, with competitors like Dollar General taking away customers. Dollar General’s success is largely attributed to its locations in rural areas, where people tend to shop for low-priced products. Following the announcement of the closures, Dollar Tree’s shares fell by 13%.
Family Dollar store closing list 2024
In total, the company anticipates the closure of about 1,000 Family Dollar stores. The firm revealed that 600 stores are set to close in the first half of 2024, while another 370 stores will shut down in the following years as their leases expire. Additionally, the company also announced the closure of 30 Dollar Tree stores in the coming years.
As for the locations of the stores that will be closing, the company has not shared all the details. However, according to a report by CBS News, these are some of the stores whose closures have been confirmed by various local media:
Alabama
- Slocomb, Alabama: Family Dollar at 534 Lawrence St., closure date not set yet (WDHN).
Florida
- Tallahassee, Florida: Family Dollar on West Brevard Street is closing, other stores remain open (Tallahassee Democrat).
Illinois
- Peoria, Illinois: Two Family Dollar stores closing, “everything must be sold” (Peoria Journal Star).
Kansas
- Wichita, Kansas: Family Dollar at 13th Street and Broadway is closing (KSN News).
Mississippi
- Canton: 1074 Peace St.
- Clinton: 222 Clinton Blvd.
- Collins: 816 Main St.
- Columbus: 202 Alabama St. and 60 Mike Parra Rd.
- The Kalb: 14916 Hwy. 16 W.
- Drew: 144 W. Park Ave.
- Durant: 369 E. Madison St.
- Eupora: 1960 Veterans Memorial Blvd.
- Flora: 101 Mansker Dr.
- Jackson: 3707 S. Siwell Rd. and 1201 University Blvd.
- Louisville: 401 S. Church Ave.
- Monticello: 713 E. Broad St.
- Natchez: 395 John R. Junkin Dr.
- Newton: 188 Northside Dr.
- Okolona: 511 W. Monroe Ave.
- Pearl: 621 S. Pearson Rd. and 3123 US Hwy. 80
- Philadelphia: 800 E. Main St.
- Quitman: 548 S. Archusa Ave.
- Raymond: 825 E. Main St. (Magnolia State Live).
Missouri
- Humansville, Missouri: Family Dollar closing, customers directed to nearby locations (KY3).
- Willow Springs, Missouri: Store closing, merchandise discounted up to 90% (Howell County News).
Nebraska
- Gering, Nebraska: Items selling for 50% off, store closing (KNEB).
New Jersey
- Middletown, New Jersey: Family Dollar at Eastpointe shopping center is closing (Asbury Park Press).
North Carolina
- Wilmington, North Carolina: Two locations on Greenfield Street and Carolina Beach Road are closing (WECT6).
Ohio
- East Liverpool, Ohio: Family Dollar at 15 Walnut St. is closing on April 17, items for 50% off (The Review).
- West Dayton, Ohio: Family Dollar at 440 N. James H. McGee Blvd. is closing (Dayton Daily News).
South Carolina
- Clearwater, South Carolina: Location at 4403 Jefferson Davis Highway offering items at 50% off before closing (WRDW.com).
Virginia
- Lynchburg, Virginia: Two stores on Campbell Avenue and Federal Street are closing (WSET).
West Virginia
- Elkins, West Virginia: Store offering 50% off, closing once merchandise is sold (the Inter-Mountain newspaper).
ALSO READ. Why are Family Dollar stores closing 2024? This is what we know
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