Steamboat’s Dollar Tree store to close in January
November 19, 2012
Steamboat Springs — The Dollar Tree in Central Park Plaza will close Jan. 15, according to employees.
The staff was told earlier this month that the store would be shutting down after the holidays.
Dollar Tree moved into an 8,000-square-foot space in Central Park South in late 2007. Central Park Plaza is owned and managed by St. Louis-based THF Realty.
Dollar Tree opened a store in Craig in 2010. Employees at that store would not comment on its status Monday.
According to Dollar Tree’s third quarter earnings report, the company “opened 111 stores, expanded or relocated 16 stores, and closed 4 stores” during the quarter. Dollar Tree increased its retail square footage to 40.1 million square feet, 7.1 percent more than a year ago, according to the report.
As of Oct. 27, the company operated 4,630 stores.
The report estimates that the publicly-traded company’s fourth-quarter sales will be in the neighborhood of $2.2 billion to $2.26 billion while the full year’s sales are predicted to be from $7.35 billion to $7.41 billion.
Neither Dollar Tree nor THF Realty returned requests for comment about the Steamboat location’s pending closure.
Central Park South is an expansion of the shopping center. It was completed in 2005 and has seen a number of businesses come and go over the ensuing years. Qdoba was the first tenant in Central Park South, and it remains there.