Dollar Tree to close Family Dollar HQ in North Carolina, 700 positions moving to Hampton Roads

Posted at 12:22 PM, Sep 18, 2018
and last updated 2018-09-18 14:04:07-04

HAMPTON ROADS, Va. — 700 jobs will be moving to Chesapeake when the Family Dollars headquarters in Mattews, North Carolina, closes in the fall of 2019 and assets are moved to Chesapeake.

Dollar Tree, which has bought Family Dollar, will be moving those jobs to the new office tower in Hampton Roads in the Summit Pointe development in Chesapeake.

“Leadership from both banners has continued to work together to integrate our two organizations and invest in future growth,” said Gary Philbin, Dollar Tree’s Chief Executive Officer. “By bringing our teams together into one location, we will further improve our ability to support our stores more effectively through enhanced collaboration, communication and teamwork. The completion of our expanded headquarters in Virginia will facilitate the most important phase of the integration and we are excited about the opportunities ahead for the Dollar Tree and Family Dollar banners.”

Dollar Tree will also be moving a support center in Chesapeake to its new Summit Pointe officer tower location. A distribution center for Family Dollar in Mattews, North Carolina, will remain open.

“Our new 12-story, 510,000 square foot office tower represents the anchor of a dynamic campus environment serving the needs of our associates,” said Bob Sasser, Dollar Tree’s Executive Chairman. “We are eager to welcome all associates relocating to the Chesapeake area to participate in, and benefit from, the Company’s next phase of growth.”

Dollar Tree expects to incur a total pre-tax expense of approximately $40 million to $49 million, and estimates that $5 million to $8 million will be incurred during fiscal 2018, related to the store support center consolidation plans announced, according to the news release from Dollar Tree.

Dollar Tree says they have offered the opportunity for relocation to approximately 700 associates and will be providing job transition benefits and outplacement services to all affected associates.