Business & Finance

Family Dollar in Belmar Plaza Closes, Future Remains Unclear

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Whether the recently shuttered Family Dollar in the Belmar Plaza will open again under a new name remains unclear. Credits: Cathy Goetz
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BELMAR, NJ — Family Dollar in the Belmar Plaza has shut its door, with no decision yet on whether the store will open again, but under a new name.

While Dollar General Corp. has received Federal Trade Commission approval to purchase the assets of 323 former Family Dollar stores from Dollar Express, LLC, a closing date for the asset acquisition is tentatively scheduled for late June, according to Crystal Ghassemi with Corporate Communications at Dollar General.

Earlier this year, Belmar’s Family Dollar was preparing to reopen as a Dollar Express, which owned Family Dollar. Instead, however, private equity owner Sycamore Partners of Dollar Express, LLC, decided to sell the stores located in 36 states, including 15 in New Jersey, and rival Dollar General made it an offer. The terms of the transaction were not disclosed.

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Dollar General 's Ghassemi said in an email that additional information on its plans for specific store locations could not be disclosed until the asset acquisition is completed.

Meanwhile, the five employees of the Belmar Family Dollar were notified in April that they would lose their jobs by June 30, according to the N.J. Department of Labor and Workforce Development.

Since Belmar does not have a supermarket, Family Dollar had been a convenient shopping destination for groceries and other staples, particularly for seniors who may not have the means to travel to a food store in a neighboring community.

With 13,601 stores in 44 states, Goodlettsville, Tenn.-based Dollar General is among the largest discount retailers in the United States. In Monmouth County, it has stores in Eatontown, Neptune City, Ocean and West Long Branch.

 

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