Family Dollar to close nearly 400 locations; Kremmling store’s fate uncertain
When Dollar Tree’s chief executive announced in a recent quarterly shareholder report that the chain would be closing a chunk of its Family Dollar locations, it sealed the fate of 390 stores across the nation.
But as a list of the specific stores that would be closing has not yet been made available, nearly 5 percent of the more than 8,000 Family Dollar stores are wondering what’s going to become of their location. That includes Grand County’s only Family Dollar, located in Kremmling.
While the Kremmling location’s store manager could not speak to specifics, and referred any questions to corporate, he indicated he has not yet heard if the store would close or not.
Dollar Tree Stores, Inc., based in Chesapeake, Virginia, merged with Family Dollar Stores, Inc., in 2015 and has since worked, according to the company, to turn its stores around. Family Dollar saw the strongest sales numbers in the last quarter of 2018, according to reports.
Then came the news, earlier this month, of closures in addition to the company’s plan to rebrand about 200 other Family Dollar locations.
“Approximately 200 Family Dollar stores will be re-bannered to Dollar Tree, and we plan to close as many as 390 Family Dollar stores this year,” said Gary Philbin, Dollar Tree’s CEO.
Underperforming stores will be first on the chopping block, with renovations and re-branding the focus at other locations.
Both Family Dollar and Dollar Tree are discount retailers, but all merchandise inside Dollar Tree stores is priced at $1 or less. Family Dollar has a range of merchandise sold for more than a dollar.
The Kremmling Family Dollar location, located at 101 North Ninth St., was opened in 2013. Residents at the time showed excitement for the new business as it would create local jobs and attract business from travelers.
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