Family Dollar to close 370 stores

2014-04-10T10:46:00Z 2014-04-10T18:18:10Z Family Dollar to close 370 storesTimes staff The Quad-City Times

Family Dollar plans to cut jobs and close about 370 under-performing stores as it tries to reverse sagging sales and earnings, the company announced Thursday.

But the North Carolina-based company did not provide details on how many jobs could be eliminated or which stores might close.

In the Quad-Cities, there are two Family Dollar stores in Davenport, two in Rock Island and one in East Moline.

Bryn Winburn, public relations manager for the company, said Thursday that "all stores are being evaluated. There are no plans at this point to name which stores will close. It will be disclosed at the appropriate time."

However, she did say the announcement will not affect plans to build a new store on the site of a former McDonald's restaurant at 2378 Rockingham Road, Davenport. It will replace an existing store at 2255 Rockingham Road.

"It is still scheduled to open this summer," Winburn said.

She also confirmed that only stores will close and not any of its distribution centers, such as the large one located in Maquoketa.

Family Dollar Stores Inc. has more than 8,100 stores in 46 states.

Chairman and CEO Howard Levine said in a statement that the poor weather led to numerous store closings, disrupted merchandise deliveries and higher-than-expected utility and store maintenance expenses.

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