{"id":168195,"date":"2019-03-25T22:24:18","date_gmt":"2019-03-26T03:24:18","guid":{"rendered":"http:\/\/csinewsnow.com\/?p=168195"},"modified":"2019-03-26T15:08:49","modified_gmt":"2019-03-26T20:08:49","slug":"jamestown-family-dollar-part-of-national-closings","status":"publish","type":"post","link":"http:\/\/csinewsnow.com\/?p=168195","title":{"rendered":"Jamestown Family Dollar part of national closings"},"content":{"rendered":"

\"\"<\/a>Jamestown\u00a0 (CSi)\u00a0 The Dollar Tree parent Company of Family Dollar stores will close nearly 400\u00a0 stores nationwide including the Southeast\u00a0Jamestown location.<\/p>\n

The last day of business is May 18, 2019.<\/p>\n

Remaining\u00a0 Family Dollar stores\u00a0will become\u00a0Dollar Trees, including the renovation\u00a0of 1,000 locations.\u00a0 \u00a0Dollar Tree is reported to also open up to 350 new stores in 2019.<\/p>\n

In his statement,\u00a0President and CEO of Dollar Tree, Gary Philbin\u00a0said\u00a0 \u201cSince the merger, (of Family Dollar and Dollar Tree<\/a>) we have prepaid $4.3 billion dollars of debt, captured significant synergies in both brands, and fully integrated most systems, functions and departments across banners. By July, we will complete the most important phase: unifying our headquarters under one roof in Virginia.\u201d<\/p>\n

Earlier, Dollar Tree\u00a0 closed 122 Family Dollar stores in the fiscal year that ended February 2,\u00a0as 84 stores closed in the fourth quarter, 37 more than planned.<\/p>\n

Previously:<\/p>\n

NEW YORK (AP) \u2014 Dollar Tree Inc. is closing up to 390 Family Dollar stores this year and rebranding about 200 others under the Dollar Tree name.<\/p>\n

The company also slashed the value of its struggling Family Dollar chain, booking a $2.73 billion charge in its fiscal fourth quarter. That led to a massive loss in the latest fiscal fourth quarter.<\/p>\n

The company closed 84 Family Dollar stores in the fourth quarter, 37 more than originally planned. The company has said that it will renovate at least 1,000 stores this year. It also said it\u2019s open to testing again new prices at Dollar Tree, where most items are priced at a dollar and nothing over that amount. Family Dollar sells most items for under $10.<\/p>\n

A partial list of 143 stores to close by May 2019 shows Jamestown is the only closing thus far in North Dakota.<\/p>\n

The list of closing locations shown with impacted zip code is below:<\/b><\/p>\n