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Family Dollar to Close in Economy

12/22/2014

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Family Dollar plans to close its store in the Northern Lights shopping center.

Christmas Eve is the last day the Economy-based store will be open. Huge mark-downs from 50 to 70 percent have been placed on merchandise in the national discount retail store.
 
An employee said workers will be eligible for unemployment benefits. 

Family Dollar is having a special shareholders meeting tomorrow to vote on merging with Dollar Tree and approving the store's acquisition. According to Fortune Magazine, Dollar Tree inked a deal to buy its rival for $8.5 billion in cash and stock after a bitter battle with third competitor Dollar General.

There are more than 8,000 Family Dollar locations in 46 states, including nearby Family Dollars in Aliquippa and Monaca.

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