Hundreds of Family Dollar Stores Closing
Hundreds of Family Dollar stores closing will amount to 600 in the first half of this year. The news was announced today.
The struggling retailer, owned by Dollar Tree, will close an additional 370 stores over the next several years as store leases expire.
Dollar Tree purchased Family Dollar in 2015 for $8.5 billion. The hope was the combined company could reduce costs and increase its customer base to better compete with rivals like Dollar General and Walmart.
Family Dollar’s Record Fine This Year was Costly to the Business
Family Dollar was hit with a whopping $41.6 million fine earlier this year for violating product safety standards. The retailer pleaded guilty to operating a warehouse that was found to be infested with rodents, both dead and alive. More than 1,200 rodents were exterminated, according to health officials. The Justice Department said it was the largest-ever monetary criminal penalty in a food safety case.
The company first started receiving reports in 2020 about mice and pests in the Arkansas warehouse that had been damaged by the rodents. That warehouse served 400 stores in six states.
In 2022, Family Dollar voluntarily recalled certain over-the-counter products after it was discovered they were being stored outside of labeled temperature requirements. Officials said the recall was done out of an abundance of caution and no illnesses were reported.
Many Family Dollar Stores in the CSRA
- 18 stores in Richmond County
- 3 stores in Columbia County
- 5 in Aiken County
A list of the 600 stores on the closure list has not been announced yet.
Macy’s Recently Announced Plans to Close 150 Stores
Macy’s announced in late February that it plans to close 150 stores or about 30% of its locations over the next few years.
“We are making the necessary moves to reinvigorate relationships with our customers through improved shopping experiences, relevant assortments and compelling value,” CEO Tony Spring said in a statement February 27.
Macy’s also said it plans to invest more in its luxury brands, including Bloomingdale’s and Bluemercury Luxury Beauty.
Macy’s Stores in Georgia
There are 22 Macy’s stores in Georgia, including one at Augusta Mall. A list of possible store closures has not been announced yet.