Earlier today, it was announced that the brand has been damaged due to years of mismanagement and poor conditions in stores.
According to CNN, Family Dollar recently faced a hefty fine of over 40 million dollars due to a rat infestation at its warehouse. As a result, several stores nationwide had to temporarily shut down, significantly impacting the company.
According to the source, the chain is facing challenges in generating profits as it competes with rivals like Dollar General and Walmart, particularly considering the impact of inflation.
The future of North Dakota stores
What does this mean for Dollar Trees and Family Dollars in North Dakota?
According to the source, Family Dollar plans to shut down 600 locations this year and an additional 370 stores over the next few years as their leases expire. As for Dollar Tree, it will be closing 30 stores.
Family Dollar, the parent company of Dollar Tree, currently operates approximately 8000 stores across the United States. However, as the leases for some of these stores expire, Dollar Tree has made the decision to close 30 of them.
WJON reports that numerous stores are set to close by July 2024.
What will be the fate of North Dakota stores?
Will our North Dakota Dollar Trees and Family Dollars be the ones on the chopping block?
According to USA Today, Dollar Tree has not disclosed which stores will be closing and the potential impact on specific states or regions.
