Connect with us

Ohio

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

Published

on

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.

Advertisement

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.

Advertisement

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).

Advertisement
play

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.

Cover Media – Shareable, Cover Media – Shareable

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.

Advertisement



Source link

Ohio

Ohio rural healthcare access — an advanced solution?

Published

on

Ohio rural healthcare access — an advanced solution?


A report from the Health Policy Institute of Ohio found that rural residents are 15% more likely to die before the age of 75. Allowing Advanced Practice Registered Nurses to operate more independently could be a solution to allow better access to care.



Source link

Continue Reading

Ohio

Former Ohio State football players to join a sexual abuse lawsuit against the school

Published

on

Former Ohio State football players to join a sexual abuse lawsuit against the school


Thirty former Ohio State football players, including some former NFL players, have agreed to join a federal lawsuit against the university over the sexual abuse of student athletes decades ago by a team doctor, a lawyer in the case said Thursday.

The lawyer, Rocky Ratliff, said in an interview that the men came forward some eight years after the first lawsuit was filed because they needed to overcome the shame of revealing that they’d been sexually abused by another man and the fear of taking on the university publicly.

They are “tearful and living with it,” Ratliff said. “But as this case progresses on, they see how Ohio State’s treating athletes from the university and I think they want people to know it’s OK, even if it is male to male (sexual abuse), to come forward.”

Ohio State has fought lawsuits in federal court since 2018 brought by former student athletes against the university over its failure to stop abuse by Dr. Richard Strauss. Hundreds say they were abused by Strauss, who worked at the school from 1978 to 1998. He died in 2005.

Advertisement

The men have signed letters of agreement to join a lawsuit filed by other student-athletes who say they are victims of Strauss, Ratliff said.

Of the 30, only three have agreed to make their identities public, Ratliff said. They are Al Washington, Ray Ellis and Keith Ferguson, he said. All were members of the 1980 Rose Bowl team and were recruited by and played for legendary coach Woody Hayes.

Some other former football players have settled with the school in sealed agreements that kept their names a secret, Ratliff said.

In a statement, Ohio State said it has “sincerely and persistently tried to reconcile with survivors, including former football student-athletes, through monetary and non-monetary means, including settlements, counseling services and other medical treatment.”

As of April 15, the university has settled with 317 survivors for more than $61 million, and is remains actively engaged in mediation, the school said.

Advertisement

In an interview, Washington said it was hard to talk about the abuse he suffered and recalled being subjected to “unlawful” physical exams by Strauss when he was 18 or 19. He and the other players tried to make light of it with each other and joke about it.

“But it was really uncomfortable,” said Washington, now 67.

He didn’t discuss it with others over the decades, but watching the 2025 documentary film “Surviving Ohio State” put it back into his thoughts.

“As a matter of fact, I couldn’t make it through that movie,” Washington said. “The pain and anguish that I saw, I just couldn’t take it.”

Strauss was on the faculty and medical staff and Ohio State. He retired in 1998 with emeritus status. School trustees revoked that mark of honor three years ago.

Advertisement

Washington was drafted in 1981 by the New York Jets and played one season for the team. Ellis, a former defensive back, had a seven-year NFL career from 1981 to 1987, playing with the Philadelphia Eagles and Cleveland Browns. Ferguson, a former defensive end, played in the NFL from 1981 to 1990, including stints with the San Diego Chargers and the Detroit Lions.



Source link

Continue Reading

Ohio

What is the status of the MAGA movement in Ohio? And what does it mean for the 2026 Election?

Published

on

What is the status of the MAGA movement in Ohio? And what does it mean for the 2026 Election?


Bowling Green researchers recently conducted a poll to measure the strength of the MAGA movement in Ohio. While MAGA remains popular with older, rural, conservative, Born Again men without four year degrees, the movement is showing cracks in the state.



Source link

Continue Reading
Advertisement

Trending