Former Union City Retailer Closing 390 Family Dollar Stores
By Chris Lash
If the downtown Union City based Family Dollar hadn’t have closed in Union City, it might have been one of the newly announced closed locations today.
Discount retailer Dollar Tree plans to close 390 Family Dollar stores this year while renovating 1,000 other locations, the company said in releasing its fiscal fourth-quarter earnings Wednesday.
“We are confident we are taking the appropriate steps to reposition our Family Dollar brand for increasing profitability as business initiatives gain traction in the back half of fiscal 2019,” CEO Gary Philbin said in announcing the results.
Its renovated Family Dollar locations will sell alcohol and include a $1 Dollar Tree merchandise section. About 400 stores will get expanded freezer and cooler sections, and it will also rebrand about 200 Family Dollar stores to the Dollar Tree brand. It had 7,001 Dollar Tree locations and 8,236 Family Dollar stores as of Feb. 2.