Ohio

Family Dollar, Dollar Tree to close 1,000 stores. Will Ohio locations be affected?

Published

2 months ago

March 13, 2024

Family Dollar, Dollar Tree to close 1,000 stores. Will Ohio locations be affected?

Family Dollar will close nearly 1,000 stores as inflation cuts into the discount retailer’s profits, CNN is reporting.

Dollar Tree, which owns Family Dollar, missed market expectations for holiday-quarter sales and profit on Wednesday, Reuters reports. Shares of the company fell 14% before the bell after it also projected 2024 sales and profit below expectations.

A discount chain that caters to lower-income customers, Family Dollar will close 600 locations in the first half of 2024 and another 370 stores over the next several years as those leases expire, according to CNN.

The retailer hasn’t announced which stores will close.

Dollar Tree, which bought Family Dollar in 2015 for $8.5 billion, also said it will close 30 stores as leases expire.

Dollar stores have struggled following a shift in consumer spending to lower-margin essentials from higher-margin discretionary goods, according to Reuters. They also face stiff competition from rivals such as Walmart and Chinese e-commerce platform Temu.

Also, Family Dollar stores have been plagued by health and safety concerns for employees and workers, CNN reports.

The retailer was fined this year for violating product safety standards after selling items that were stocked in a rat-infested warehouse. The $41.6 million fine was “the largest-ever monetary criminal penalty in a food safety case,” the Justice Department said.

More: Family Dollar’s rat-infested warehouse, damaged products, lead to $41.6 million fine

Family Dollar, Dollar Tree locations in Ohio

Dollar Tree has more than 200 locations in Ohio, including multiple stores in Akron, Canton, Cincinnati, Cleveland, Columbus, Dayton and Toledo.

Family Dollar has more than 450 Ohio stores, according to data scraping sites like ScrapeHero and Smartscrapers. It also has multiple locations in large cities such as Akron, Canton, Cincinnati, Cleveland, Columbus, Dayton and Toledo.

Ohio is No. 3 in the nation for Family Dollar stores, behind Florida (about 570) and Texas (more than 1,100).

Dollar Tree to start selling some items for more than $1

The pandemic has caused prices to soar in just about every industry, and Dollar Tree has felt the effects of it as well.

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Family Dollar, Dollar Tree undergoing ‘store portfolio optimization review’

During the fourth quarter of fiscal year 2023, the discount chain announced it had initiated a comprehensive store portfolio optimization review to “identify stores for closure, relocation, or re-bannering based on an evaluation of current market conditions and individual store performance, among other factors.”

That review was used to determine 600 Family Dollar stores would be closed in the first half of 2024.

Another 370 Family Dollar and 30 Dollar Tree stores will be closed over the next several years at the end of each store’s current lease term.

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Ohio

2024 NFL Draft: Multiple Ohio State Buckeyes Sign UDFA Contracts

Published

25 mins ago

April 28, 2024

Press Room

2024 NFL Draft: Multiple Ohio State Buckeyes Sign UDFA Contracts

The 2024 NFL Draft ended as a productive weekend for the Ohio State Buckeyes.

Four Buckeyes players heard their names called during the three-day event. Star receiver Marvin Harrison Jr. kicked things off as the fourth-overall choice and was followed by defensive tackle Michael Hall Jr. (Cleveland Browns), tight end Cade Stover (Houston Texans), and linebacker Tommy Eichenberg (Las Vegas Raiders).

In the hours since the draft closed late Saturday evening, three other members of the Scarlet and Gray have signed NFL contracts as “undrafted free agents.” Here are the latest Ohio State players to ink professional deals.

Apr 25, 2024; Detroit, MI, USA; Ohio State Buckeyes wide receiver Marvin Harrison Jr. poses after

Kirby Lee-USA TODAY Sports

Josh Proctor (SAF) – Jacksonville Jaguars

Josh Proctor’s time at Ohio State was plagued by injuries, which limited his on-field contributions. However, the safety has more than proven his ability in the reps which he has received.

During the NFL Combine, the Owasso, Oklahoma native said his time off of the field has helped him prepare himself for life in the NFL.

“It helped me mature,” Proctor said. “Helped me learn, helped me grow in different aspects in life. So honestly, it’s just a great opportunity to be a better person, a better player at the end of the day.”

Xavier Johnson (WR) – Buffalo Bills

Xavier Johnson was Ohio State’s primary option out of the slot last season, a position at which he was able to mix his terrific hands with lightning speed. Receiver is not the only spot at which Johnson has experience, as the career of “weapon X” began playing defensive back.

By adding Johnson to their roster, the Bills are one step closer to filling the massive shoes of receiver Stefon Diggs. Diggs was traded to the Texans earlier this month, in exchange for a handful of current and future draft picks.

Matthew Jones (OL) – Miami Dolphins

The Dolphins offensive line was one of the best in the NFL last season. Miami finished with the most earned yards last season with 6,822, which averages out to over 400 per game.

Matthew Jones will have to work hard to earn a place on such a strong O-line, something of which the senior is not afraid. Following Ohio State’s Pro Day on March 20, Jones said his focus would be on becoming as multifaceted as possible.

“I’m just trying to be as versitalle as possible,” Jones said. “From that center position, just be comfortable and be confident.”

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Ohio

Ohio County hosts 30th annual ‘Celebrate the Child’

Published

8 hours ago

April 27, 2024

Press Room

Ohio County hosts 30th annual ‘Celebrate the Child’

BEAVER DAM, Ky. (WBKO) – The Ohio County community gathered at Ohio County High School for ‘Celebrate the Child’.

It was their 30th annual ‘Celebrate the Child’ event at the school, which focuses on empowering the youth in their community.

“Because they are our future,” said Chairman of Celebrate the Child Melissa Palermino. “I have a daughter, and I give her self-esteem, and I want her to know that there are people in our community that will help her if she needs it.”

‘Celebrate the Child’ focuses on preparing children for their future by focusing on their 40 development assets.

“We have an asset that is religious communities,” said Palermino. “We have many different religious denominations in our community, and they do a lot of outreaches for our youth. We also have self-esteem which is really big in our community and school because there are a lot of students that need that.”

Today’s event brought local sponsors in to give children an inside look at those supporting that community and to see what opportunities may lie ahead.

One sponsor in attendance was the Ohio County Mounted Search and Rescue team. They were accompanied by their mascot, Favor, a horse that assists in the search and rescue efforts of missing persons in their area.

Another big sponsor of celebrate the child was Perdue, who donated 3,000 meals for the event.

“We’re local. We want kids to stay local,” said Perdue Administrative Assistant Erin Groves. “We’ve got jobs, of course, that these kids may be our future. These kids may be our future workers at the plant, they may be our future leaders and QA or just a bunch of different places that we have.”

To stay up to date with events from Celebrate the Child, you can visit their Facebook.

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Ohio

Former Ohio State Guard Bowen Hardman Commits to Akron

Published

15 hours ago

April 27, 2024

Press Room

Former Ohio State Guard Bowen Hardman Commits to Akron

Bowen Hardman will remain in the Buckeye State.

On Saturday, Hardman announced he will transfer to Akron for the 2024-25 season. The former Ohio State guard was the first Buckeye to enter the transfer portal when it opened in March.

New Beginnings #Committed pic.twitter.com/dX2AlUIauc
— Bowen Hardman (@BowenHardman) April 27, 2024

A Cincinnati native and Princeton High School graduate, Hardman was a three-star recruit in Ohio State’s top-10 ranked 2022 class. He never carved out much of a role in his two years with the Buckeyes, appearing in 25 total games across both seasons. In 2023-24, Hardman averaged a career-best 4.2 minutes, 1.8 points and 0.4 rebounds per game in 18 appearances.

Hardman is the fourth former Ohio State player to land with a new school this week. Roddy Gayle Jr. committed to Michigan on Monday, Scotty Middleton committed to Seton Hall on Wednesday and Felix Okpara committed to Tennessee on Thursday. The Buckeyes’ fifth offseason transfer, Zed Key, committed to Dayton on April 15.

With two years of eligibility remaining, Hardman joins an Akron squad that went 24-11 overall, won the MAC Tournament and lost to No. 3-seeded Creighton in the NCAA Tournament. Like the Buckeyes, the Zips have rebuilt their roster through the portal this offseason, with Hardman one of five transfers to join the program in March and April.

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