Philadelphia/ Real Estate & Development
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Published on March 27, 2024
Family Dollar to Close Six Stores in Philadelphia, Affecting 62 Workers Amid Nationwide CutbacksSource: Google Street View

Family Dollar, a staple for budget-conscious shoppers, is shuttering six Philadelphia stores, dealing a blow to 62 workers now facing layoffs next month. The closures, set to take place on April 20, are part of a broader scale back by parent company Dollar Tree, which is trimming down its operations with plans to close about 600 Family Dollar stores this year and 30 Dollar Tree locations in the coming years, as reported by NBC Philadelphia.

The Philly stores slated to lock up for the last time are distributed across the city, with the specific sites located at Point Breeze Avenue, West Girard Avenue, West Allegheny Avenue, West Hunting Park Avenue, West Cambria Street, and Kensington Avenue; these locations have long served local communities which have come to rely on the stores for a diverse range of necessities, a void that will soon be left as doors close and jobs vanish, according to CBS News.

Despite the impending closures, Family Dollar is making an effort to soften the blow for its employees, offering to relocate staff to nearby stores where possible, a corporate gesture noted by The Inquirer. The company, which will maintain other Family Dollar locations within Philadelphia, has stated it does not plan to sell the soon-to-be vacant buildings.

With the acquisitions of Family Dollar approaching its tenth anniversary, the $8 billion deal that marked Dollar Tree's expansion into the low-cost retail space seems to be contracting; this move, amid an environment where the value of the chain has been in question and pressures of competitive retail and e-commerce have been relentless, points to signs of turbulence in the bargain retail market, as yet another round of cutbacks casts shadows on employees' job security without releasing a comprehensive list of all its closures as per information obtained by CBS News.