A new wave of closures is also sweeping Family Dollar in Ohio with the latest announcement targeting the store in Dayton located at 1130 N Main St. which will close on November 23. This is yet another store closure in this state, further complicating the situation for the chain as it tries to adjust to the demands of the market. Customers in the Dayton region have raised complaints regarding the available shopping options, given that the Family Dollar store offered significant funding cuts and promotions in the last few days even before its closure.
The backwardness of Family Dollar, which was sold to Dollar Tree back in 2015, is no news. This has been the history of the chain, which has consistently been regarded as siting in the bottom bracket of performance. As reported by USA TODAY, a relative cannabis stocks review for the company shows that its levels have been declining for quite some time. In a press statement on November 4, the company confirmed that it was considering various options in relation to Family Dollar, including the potential sale or spin off of the business or any other restructuring of the segment.
As part of a larger effort to address financial challenges, Family Dollar announced in March 2024 plans to close approximately 1,000 stores across the country. The company pointed to several factors contributing to its underperformance, including inflation, shifts in consumer spending habits, and safety concerns that have impacted sales. These closures will affect both Family Dollar and Dollar Tree locations, with more than 300 Family Dollar stores and 30 Dollar Tree stores expected to be shut down over the next several years.
Family Dollar’s retreat from Ohio began in April 2024, when the company announced layoffs for some or all of the 265 employees working at affected locations. As of now, the chain operates 415 stores in Ohio, down from the more than 450 locations reported earlier this year. Family Dollar has locations across Ohio, including 20 in Cincinnati, 25 in Cleveland, 23 in Columbus, nine in Akron, and six in Canton, though many of these stores are now on the chopping block.
The closures span multiple cities and regions, with a number of Ohio locations already shut down or slated to close. Among the stores affected are Family Dollar outlets in Akron, Cincinnati, Cleveland, Columbus, and Dayton, along with other cities in the state. Locations that have already closed or will be closing soon include Akron (19 N. Arlington St. and 580 Vernon Odom Blvd.), Amsterdam (360 N. Main St.), Austinburg (2138 State Route 45), and several stores in Cincinnati, including 7990 Reading Road, 5527 Bridgetown Road, 3407 Harrison Ave., and 2299 Waycross Road.
This includes Cleveland, where Family Dollar locations at 9302 Miles Ave. and 1250 E. 105th St. are also included in the list of those closed. In Columbus, several stores are also closing, such as 2191 E. 5th Ave., 2372 Cleveland Ave., 3577 E. Livingston Ave., and 675 E. Hudson St. There are even Minor towns like Conesville and Cumberland that are on the list of affected areas with closures reaching as far as East Liverpool (615 Walnut St.), Elyria (400 Oberlin Road) and Lima (2101 Central Point Parkway).
Aside from that, locations within Toledo and Youngstown, Ohio are also being impacted. The location 1121 N. Reynolds Road in Toledo and the locations at 4450 Mahoning Ave. and 8578 Market St. in Youngstown are also facing closure. Similarly, other areas within the state such as Bethel, Beloit and Racine will also lose their Family Dollar outlets. There are also other closures that include in Ripley, New Miami and New Middletown.
Family Dollar’s reasoning behind closing down this many shops is a part of the company’s wider objective to beat back its persistent financial issues that have been made worse by current economic realities and changing consumer behavior. As for the company’s operations in Ohio and other states, their fate remains unknown as the firm has been scrutinizing its operations and evaluating possible changes in the structure.
