A popular retailer is now having a massive closing sale in Florida after employees confirmed the location is one of many shutting down.
A Family Dollar in the Arlington neighborhood of Jacksonville, Florida, confirmed to employees earlier this month that it would be one of the hundreds of locations shutting down nationwide.
When visiting the store, shoppers will find signs reading, “Everything must be sold,” according to the Jacksonville Daily Record.
The closing sale began after employees were informed of the closure in early March.
Employees were reportedly not informed of a final closing date at the time, however, they are reportedly set to be reassigned to other Family Dollar locations.
As part of the closing sale, the Family Dollar store is currently selling products at 50% off, according to WJXT.
Shoppers have reportedly begun to take advantage of the low prices, stocking up on the discounted merchandise before the store’s doors close for good.
Some customers have indicated that the closure will make shopping for their daily needs more difficult.
“With the economy the way it is, it helps me buy stuff I’m not able to get anywhere else,” Family Dollar shopper John told the outlet.
“It does stretch out my money but now that they’re gone it’s going to cost me more.
Now, I gotta spend more money on gas to find another Family Dollar.”
While there are other Family Dollar stores in town, the closest location for John is an additional four-minute drive.
If he were to walk, it would take him around 22 minutes.
The Arlington neighborhood location is one of 600 Family Dollar stores set to close this year.
Dollar Tree announced the closures on March 13, revealing that an additional 370 locations would be shutting down over the next few years as various leases expire.
At the same time, 30 Dollar Trees locations are set to close.
The majority of the stores closing will shut down by the end of this year.
For more news and updates like this, opt-in for push notifications.
Also Read: A Healthcare Service Company Now Announces Unexpected Layoffs
Other Economy News Today
A popular breakfast restaurant now makes unexpected closures in the same state after profitability was impacted by inflation.
Denny’s has shut down two locations in Idaho – one in Boise and the other in Nampa.
Each of the location’s Facebook pages has them listed as permanently closed.
The news comes after a recent company earnings call where Denny’s’ Executive Vice President and Chief Financial Officer, Robert Verostek, confirmed it will be closing around 60 locations.
Verostek mentioned that inflation impacted the company’s profitability calling the financial losses a “break point of a closure.”
“So we are continuing to work through some additional closures that as a result of those inflationary pressures,” he added.
Most of the Denny’s locations operate as franchises.
In fact, the chain’s website states that there are 1,631 restaurants, 1,558 of which were franchised and licensed.
While the company plans to close around 50 to 70 locations, Verostek said in the earnings call that there will also be new restaurants opening.
Verostek said that there will be about 40 to 50 openings.
However, 12 to 16 of those will be Keke’s.
This isn’t the first closure Denny had to make in Idaho.
The restaurant closed up shop at a location in Chubbuck – the southeastern portion of the state.
Denny’s confirmed it served its last Grand Slam back on February 11.
Additionally, they noted that the decision to shutter was made by the owner of that location, not by the company itself.
“Deciding to close a restaurant is never an easy decision, and that decision was made by the local owner,” Denny’s wrote.
The nearest location was about 50 miles from Chubbuck, however, that restaurant closed only four months prior.
Another location out of Oakland, California shut its doors back in January.
Customers walked up to the restaurant on 601 Hegenberger Road to a sign on the door after it closed at 1 pm.
The sign explained the reason for the closure.
“Closing a restaurant location is never an easy decision or one taken lightly,” it read.
That location had been open for 54 years.
Also Read: A Massive Discount Retailer Is Now Closing 600 Stores
Market News Published Daily 📰
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), Instagram, Facebook, 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.
Recommended For You ✨
About The Author
Leave your thoughts below.
For more news and updates like this, opt-in for push notifications.