Business & Finance

Family Dollar in Belmar Plaza Closes, Future Remains Unclear

449cbc65a2e56bfbfc4a_belmarfamilydollar.jpg
Whether the recently shuttered Family Dollar in the Belmar Plaza will open again under a new name remains unclear. Credits: Cathy Goetz
449cbc65a2e56bfbfc4a_belmarfamilydollar.jpg

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.

Sign Up for E-News

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.

 

TAPinto Belmar/Lake Como is Belmar and Lake Como’s only free daily newspaper. Sign up to get all the news as it happens at www.TAPinto.net/enews and follow us on Facebook at https://www.facebook.com/TAPintoBelmarLakeComo and on Twitter at @TAPintoBelmar.

TAP Into Another Town's News:

You May Also Be Interested In

Sign Up for E-News

Belmar/Lake Como

JCP&L Offers Customers Assistance with Winter Heating Bills

February 13, 2018

MORRISTOWN, NJ — As the cold weather continues, financial assistance programs are available for Jersey Central Power & Light customers who need help with winter heating bills.

Assistance to qualifying JCP&L customers is available through the Lifeline, Universal Service Fund, Weatherization, Payment Assistance for Gas and Electric (PAGE) and New Jersey SHARES ...

TAPinto.net Named Partner of the Year by NJ News Commons

NEW PROVIDENCE, NJ —  TAPinto.net has been named Partner of the Year by NJ News Commons, a network of more than 230 news organizations across New Jersey. The award goes to a journalist or news organization that showed overall excellence in its work for 2017.    

Joe Amditis, associate director of the Center for Cooperative Media, said TAPinto won the award ...

Upcoming Events

Carousel_image_5b9a91ce41bd9322c775_stpatricksparade

Sun, February 18, 2:00 PM

Boathouse Bar & Grill, Belmar

St. Patrick's Day Parade Fundraiser

Carousel_image_9a950d0cda631a90b312_belmar_logo

Tue, February 20, 6:00 PM

Belmar Municipal Building, Belmar

Belmar Mayor and Council Meeting

Carousel_image_bed6d648278ffca768ba_lakecomolakesign__2_

Tue, February 20, 7:30 PM

Lake Como Borough Hall, Lake Como

Lake Como Council Meeting

Monmouth County Jail Inmates Earn GEDs through Innovative Online Program

February 11, 2018

FREEHOLD, NJ — It recently was graduation day for four inmates at the Monmouth County Correctional Institution.

After completing a state-of-the-art online program offered by the Monmouth-Ocean Educational Services Commission, they earned their high school equivalency diplomas (GEDs) — an achievement recognized by the Monmouth County Sheriff’s Office Correctional ...

Daddy/Daughter Sweetheart Dance: A Great Success Thanks to All Involved

February 7, 2018

To the Editor:

The Belmar PTO would like to thank several local businesses and community organizations for supporting our Annual Daddy/Daughter Sweetheart Dance on Friday, January 19 at Taylor Pavilion in Belmar.

The dance was a fun-filled evening for almost 60 young girls, prekindergarten to eighth grade, and the special men in their lives. Statistics show that a positive father-daughter ...

Belmar and Lake Como

February 7, 2018

Belmar Police Department reported the following arrests occurred in Belmar and Lake Como from January 1, 2018 to January 31, 2018.

BELMAR

Nora Campbell, 35, of Eatontown was charged with disorderly conduct after her January 9 arrest on 10th Avenue by Police Officer Anthony Steneck.

David Lukens, 46, of Belmar was charged with disorderly conduct after his January 14 arrest on 16th Avenue ...