Discount retailer Family Dollar has been hit with yet another store closure in Ohio. This adds to the other 35 closing locations the company announced earlier this year as it struggled to meet market expectations.
Family Dollar’s Dayton location at 1130 N. Main St. will close Nov. 23, according to the Dayton Daily News . The store closure will exacerbate the area’s already-limited shopping options, customers told the publications, as the Dayton location offers final sales and discounts in its final weeks of being open.
Why are Family Dollar stores closing?
Family Dollar, which Dollar Tree bought in 2015, is considered an underperformer, according to reports from USA TODAY .
In a Nov. 4 press release , Dollar Tree notes that the company is exploring the sale of Family Dollar, among other considerations. “The Family Dollar business segment… could include a potential sale, spin-off, or other disposition of the business,” the statement reads.
In March 2024, Family Dollar announced plans to close 1,000 stores . The company pointed to inflation, a shift in consumer spending, and safety concerns were all factors contributing to lower sales and profit below expectations.