Official: Too early to tell fate of Family Dollar facility
Posted in the Utica Forum
#1 Aug 10, 2014
Dollar Tree's recent announcement that it is buying Family Dollar has raised questions about the future of the Family Dollar distribution center in Rome. But one local official says it too early to speculate on whether it, or any local stores, will close as a result.
Mohawk Valley EDGE President Steven DiMeo said press reports show that Dollar Tree is buying the stock of Family Dollar and intends to continue to operate both brands, limiting consolidation to the administrative level.
“There will obviously be a consolidation of corporate offices and administrative functions,” DiMeo said.“It is premature to speculate if there is any impact in terms of logistics and distribution operations resulting from this merger, although we do not believe that there would be an overlap between Family Dollar with Dollar Tree's distribution center operations.”
Both retailers have several stores in the area, in addition to the 907,000-square-foot distribution center that opened in 2006 and employs more than 350 people.
Neither company would comment on the future of their brands this week, although press representatives for each did say it will be “business as usual” until the purchase closes in early 2015.
In the initial release announcing the merger, Dollar Tree CEO Bob Sasser said the company will continue to operate under the Dollar Tree, Deals and Dollar Tree Canada brands, adding Family Dollar to the lineup once the transaction is complete.
DiMeo said it was unlikely that the center would share the same fate as the Rite Aid distribution center, which closed in 2011 following the integration of Eckerd and Rite Aid in order to eliminate store duplications.
“They do not have any intention of eliminating Family Dollar as a retail brand, as opposed to what Rite Aid did when it acquired Eckerd,” DiMeo said.“Dollar Tree has about 5,000 retail stores. Family Dollar has over 8,000 stores. Over the next 10 years, there is a projection that another 13,000 dollar stores will open across the country.”
Read more: http://www.uticaod.com/article/20140810/News/...
#3 Aug 11, 2014
Steve should have "consulted" reality. They'll consolidate whether Steve says they will or not.
Whatever will they do now that their "major" dollar store warehouse is being downsized out of existence?
#5 Aug 11, 2014
DiMeo isn't elected he appointed as a favor to 'someone".
They should all just be shot.They're leeches DiMeo would never survive in the private sector period end of discussion.
#7 Aug 11, 2014
Keep voting repulican and we will keep going down hill Tom clark could open another Mcdonalds and we could work there Or wal-mart, at walmart we won't be able to afford Thanksgiving dinner but we can go to the rescue mission or some church to eat at least at the church we might get molested :)
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