Massive Retailer Now Confirms The Unexpected Closure of 1,000 Stores

A massive retailer now confirms the unexpected closure of 1,000 stores, citing theft as one of its main reasons.

In a shocking statement, Vanessa Hall-Harper, a city councilor in Tulsa, Oklahoma, said she was thrilled to find out the Family Dollar stores would be closing because she does not like the impact they have on the community.

Family Dollar’s parent company Dollar Tree announced on Wednesday that it has been led to close 1,000 stores due to an increase in crime.

However, this was good news for Hall-Harper, reports The-Sun.

“For communities that have been negatively impacted by the proliferation of dollar stores, it’s a great thing,” Hall-Harper told CNN on Friday.

“I’ve been waiting on this announcement for a long time.”

Critics of dollar stores believe some cities have become too reliant on them with their overload in an area.

However, dollar stores also provide affordable essentials to low-income neighborhoods, and in some rural areas, they are the only stores available.

Hall-Harper has led an effort in Tusla to stop allowing more dollar stores in the area, per CNN.

Tusla passed legislation in 2018 that blocked any dollar stores from opening up within one mile of each other.

The legislation was inspired by there being more than 50 of the stores in Tusla.

There is a hope that more independent supermarkets will take their place.

There will be 600 Family Dollar stores that will close in the first half of this year.

Over the next several years, there will be 370 Family Dollar and 30 Dollar Tree that will close.

“As a result of this review, we plan on closing approximately 600 Family Dollar stores in the first half of fiscal 2024,” Dollar Tree said in a press release.

“Additionally, approximately 370 Family Dollar and 30 Dollar Tree stores will close over the next several years at the end of each store’s current lease term.

As we look forward in 2024, we are accelerating our multi-price rollout at Dollar Tree and taking decisive action to improve profitability and unlock value at Family Dollar.”

For more news and updates like this, opt-in for push notifications.

Also Read: This Massive Clothing Retailer Is Now Closing Three More Stores

Other Economy News Today

Market News Today - Massive Retailer Now Confirms The Unexpected Closure of 1,000 Stores.
Market News Today – Massive Retailer Now Confirms The Unexpected Closure of 1,000 Stores.

Another restaurant chain now closes due to a surge in crime, affecting four of its five locations in a California city.

This week, Taco Bellindefinitely” closed its dining-in option at four of its five locations in Oakland, California, forcing customers to go through the drive-thru only.

The fifth location, which is combined with a KFC restaurant, appears to be closed altogether, as it is listed as closed on the Taco chain’s website.

Following in the footsteps of the chain, Church’s Texas Chicken confirmed to SFGate that it has also shuttered its dining room.

While the chicken chain did not issue a reason for the closure, it is believed that it is due to the rampant crime in the San Francisco Bay Area.

Two Taco Bell employees told the news outlet that one location closed its dining room two months ago, and another closed theirs a year and a half ago after customer complaints.

One of the impacted Taco Bell locations is near an In-N-Out that has announced its permanent closure scheduled for March 24, due to “ongoing issues with crime.

“Despite taking repeated steps to create safer conditions, our Customers and Associates are regularly victimized by car break-ins, property damage, theft, and armed robberies,” In-N-Out COO Denny Warnick wrote in a statement.

“They just pull up out of nowhere and it’s not like they only rob the store,” Kimberly Garibay, a Metro Wireless worker who works across the street from one of the affected Taco Bell locations, told CBS affiliate KPIX-TV.

“They rob everybody in there as well. It’s not as safe as it used to be.

There’s a lot of crime now.”

“Providing a safe environment for team members and customers is the priority at Taco Bell restaurants,” a statement issued to SFGate by the taco chain states.

“The franchise owner and operator has informed us that they are consistently evaluating and working to ensure a safe environment by implementing procedures, such as closing dining rooms, and hiring security guards, and they have taken extra measures to meet with local law enforcement.”

For more news and updates like this, opt-in for push notifications.

Also Read: Massive Restaurant With 800 Locations Now Begins to Close Down

Market News Published Daily 📰

Market News Today - Massive Retailer Now Confirms The Unexpected Closure of 1,000 Stores.
Market News Today – Massive Retailer Now Confirms The Unexpected Closure of 1,000 Stores.

Don’t forget to opt-in for push notifications so you don’t miss a single article!

Also, thank you to all of our blog sponsors.

This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.

Scroll below to view my stock purchases this month!

You can also follow me on X (Twitter)InstagramFacebook, or LinkedIn for daily news and updates on your favorite stories.


Frank Nez’s Stock Portfolio

Wondering which stocks Frank Nez is holding? Which stocks is Frank Nez buying?

Frank Nez is now sharing his exclusive and personal stock portfolio with readers, only on the Patreon.

11/16/2023 – Today I invested $1,000 in two different stocks for a brand new stock dividend portfolio I am creating for 2024.



2 Comments

  1. Frank Nez

    Leave your thoughts below.

  2. Frank Nez

    For more news and updates like this, opt-in for push notifications.

© 2024 Franknez.com

Theme by Anders NorenUp ↑