Mardesen: Family Dollar project in Monroe still on track for June start

Last week, Family Dollar released an announcement that it will be closing 370 stores, cutting prices on some products and laying off employees.

But, according to Monroe City Administrator and Economic development Coordinator Matthew Mardesen, that won’t impact the company’s plans for a new store in Jasper County.

Mardesen said he hadn’t received any reports that the company’s announcement will affect the opening a new store there. Company officials did not reply to requests for comment prior to press time.

“I haven’t heard anything about a change of plans,” Mardesen said. “Family Dollar is going through a transition of closing down many old stores to rebuild or renovate the stores to the corporate image.”

He noted that at the end of the year Family Dollar posted an 11 percent increase in profits. The company opened 500 new stores in 2013, and plans to open between 350 and 400 new stores in 2014.

“As of now we’re on track to begin development on June 1,” Mardesen said.

Phone calls to Family Dollar seeking comment were not returned prior to press time for this week’s issue.