Family Dollar is closing another store in Jacksonville, Florida, adding to the city's recent closures. The Arlington neighborhood store will join hundreds of other Family Dollar locations shutting down nationwide.
Downtown Family Dollar to Close Soon
According to the Jax Daily Record, the downtown Family Dollar store will close in a few days.
This news may surprise some residents, as another location in the neighborhood closed just over a month ago.
A sign in the window announces the store's closure on May 25 at 7 p.m. To clear the shelves, the store offers a 75% off sale. However, an employee told the Daily Record that much of the merchandise had already been sold by May 20.
The store clerk stated that the closure was due to poor sales. However, employees will be transferred to other Family Dollar locations.
In addition, a Family Dollar in East Arlington is also set to close this week. The Monument store is also holding a 75% off sale and will close at 7 p.m., though the exact day has not been specified, according to the Daily Record.
According to The U.S. Sun, these closures follow Dollar Tree's announcement in March that 1,000 Family Dollar stores would close nationwide.
The initial store identified for closure was located in Dames Pointe Plaza in Arlington and offered a 50% off sale.
Family Dollar Closures Impact Jacksonville
Under the mass closure plans, around 600 Family Dollar stores will close in the first half of 2024. Over the next few years, another 370 Family Dollar and 30 Dollar Tree will close.
Shoppers are worried about their budgets following news of the closures. Arlington resident John shared with News4Jax that Family Dollar has been a crucial place for him to buy items he can't find elsewhere in the current economic climate.
"It helps me make my money go further," he said. "But with the store closing, my expenses will increase. I'll have to spend more on gas to reach another Family Dollar."
There are still more than 40 Family Dollar stores in Jacksonville, but the specific locations scheduled for future closure have not been disclosed yet.
According to CBS News, the mass shuttering of stores results from inflation. Customers have been price-checking and buying elsewhere as prices rise to save money.
Dollar Tree's chairman and CEO, Rick Dreiling, discussed the closures in a press release in March.
"We are accelerating our multi-price rollout at Dollar Tree and taking decisive action to improve profitability and unlock value at Family Dollar," he said.
The press release added that the closures come as leases expire.
Dollar Tree has not yet released the list of stores it plans to close. Including the Dames Pointe location, there are 48 Family Dollar stores in Jacksonville, according to familydollar.com.
Based in Chesapeake, Virginia, Dollar Tree bought Family Dollar for over $8.5 billion in 2015.
CBS News reported that the planned closures represent about 15% of Family Dollar's locations.
The news site said the retailer's brands have struggled as inflation affects its low-income shoppers' budgets.
According to CBS News, Dollar Tree has stated that more customers are comparing prices at competing retailers to get the best deal. Additionally, increased shoplifting incidents are hurting its profits.
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