A Massive Discount Retailer Is Now Closing 6 Locations

A massive discount retailer is now closing 6 locations in New York, leaving the community stressed about its fewer options.

Dollar Tree said that a total of 1,000 Family Dollar stores would shut in the coming years — and six of them appear to be on the East Side of Buffalo, New York.

Many residents in the area are considered low-income and have difficulty shopping at many of the higher-priced shops common in the area.

They said they were distraught by the closures and unsure of how they would now find affordable shopping in the future.

“It’s going to throw this whole area for a loop. We’re going to feel stuck,” Corey Wright, a customer at the East Delavan store, told The Buffalo News.

“Where can I go that I don’t have to spend $5 on the bus to get there when I only have $5 to get what I need for my house?” he asked.

The next nearest — and open — Family Dollar store for Wright is 1.5 miles away at 1185 Genesee St.

Wright told The Buffalo News he will either have to walk farther for the store or spend more on travel to get there.

Other residents said they were most worried about how the closures would impact the most vulnerable populations, like the elderly.

“It’s going to be hard on them,” another East Side resident named Nashawne Davis told local reporters.

“Some people will have no way to shop. They’re not going to have nowhere to obtain the items that they need.”

The closure of so many of the discount store’s locations in one area will force customers like Nashawne to travel much longer distances to find an affordable general store too.

“It’s kind of sad,” he said.

“We have nowhere else to shop.”

There are currently no plans to replace the shops with similar affordably-prices shops, according to The Buffalo News.

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Also Read: An Unexpected Retailer Is Now Closing All Stores in Illinois

Other Economy News Today

Market News Today - A Massive Discount Retailer Is Now Closing 6 Locations.
Market News Today – A Massive Discount Retailer Is Now Closing 6 Locations.

An unexpected restaurant now abruptly closes 7 locations in one state after revealing plans to shutter a total of 36.

TGI Fridays is closing a total of seven restaurants in one state as part of the company’s ongoing growth strategy.

This comes after the chain abruptly closed 36 locations across 12 states in at the beginning of the year, per The-Sun.

The restaurant chain will pull the plug on seven locations across the state of New Jersey in the coming weeks.

Today, Fridays will welcome in famished diners at its location in Brick for the final time.

“As we continue along our path of transformation to revitalize the Fridays brand and implement a long-term growth strategy, we see a bright future for TGI Fridays,” said Weldon Spangler, CEO of TGI Fridays earlier this week.

“We are at the helm of a pivotal moment that will allow us to explore boundless advancement, expansion, and innovation to keep delivering ‘That Fridays Feeling’ that our fans know and love.”

Before the closures, TGI Fridays had about 270 US locations, according to the company’s website.

“As part of the store closures, TGI Fridays is offering more than 1,000 transfer opportunities, which represents over 80% of total impacted employees,” the company previously said in a statement.

“Our top priority has always been delivering a superior experience for each and every TGI Fridays guest, and we’ve identified opportunities to optimize and streamline our operations to ensure we are best positioned to meet – and exceed – on that brand promise,” said Ray Risley, US president and chief operating officer, in the release.

Eight other locations were sold to former CEO Ray Blanchette, a longtime stakeholder who will acquire the previously corporate-owned restaurants.

The sale comes as major changes have been made to the brand’s leadership, including the news of Weldon Spangler being made CEO.

“As we continue along our path of transformation to revitalize the Fridays brand and implement a long-term growth strategy, we see a bright future for TGI Fridays,” said Spangler in a statement.

Also Read: Retirees Will Now Receive More Money For Social Security

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Market News Today - A Massive Discount Retailer Is Now Closing 6 Locations.
Market News Today – A Massive Discount Retailer Is Now Closing 6 Locations.

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