Family Dollar has yet to release information about which stores the chain will be closing as part of the company’s strategic action plan to increase national revenues, but some local stores could be on the list.
“The company is working to finalize the store closure plan, and will disclose information on impacted locations at the appropriate time,” said Bryn Winburn, Family Dollar public and media relations manager, in an email.
The national dollar store and discount retailer announced April 10 that it will close about 370 stores and reduce its labor force after an underperforming second quarter.
There are 21 Family Dollar stores in the Killeen-Temple-Fort Hood area, according to the company’s website.
Some of the locations have been open less than a year.
A number of factors will go into the final decision to close the stores, Winburn said.
And while she wouldn’t state what exactly those factors were, she said all would be underperforming stores.
For Killeen resident Tim Beard, the stores have been a staple in his life, he said.
“I shop there because people are friendly,” he said. “The prices are fair, and they are more competitive.”
Beard stops into a Family Dollar probably about four to five times a week to pick up household items, he said.
It is more convenient than going into the larger grocers when he needs one or two items like cleaner or candy for his children.
He “would be devastated” if he lost the location closest to him, he said.
Family Dollar customer Jennifer Salinas, of Killeen, uses the store because of its nearby location, she said.
“I just walk here because it is closer,” Salinas said. “I would just go to H-E-B, if it (the Family Dollar) closed.”
Salinas uses the store mostly for common household items that were left off her normal grocery list, such as shampoo or conditioner.
Despite the company’s plans to close some locations, it will still open another 525 stores during 2014, Winburn said.
According to Family Dollar’s investment report, 350 to 400 new stores are planned for 2015.
Family Dollar’s fiscal year 2014 second quarter ended March 1 with net sales of $2.7 billion, stated the report. The same period in 2013 experienced net sales of $2.9 billion.
The company also plans to lower prices on about 1,000 basic items to deliver more compelling values to customers, the report stated.