Dollar Tree, Inc. is adding another store in Pencader Plaza, just south of Newark, Delaware, along Route 72. Opening is slated for January.
Pencader Plaza, one of those shopping centers that struggled a time, took on new life a few years ago when BJ’s Wholesale Club opened a store in the former location of the long-defunct Caldor. BJ’s rolled through the recession as shoppers stuck with chain’s emphasis on discount prices and large quantities.
Joining Dollar Tree at the site is Food Lion, the North Carolina-based grocery chain that operates smaller stores. The typically non-union stores aim to get shoppers out the door more quickly than their bigger counterparts.
The 12,245 square-foot store Dollar tree, typically employs 10 – 12 associates., according to a company release.
Dollar Tree operates with two different formats. While the Pencader location keeps prices under $1, up the road in Newark Shopping Center, the company offers Dollar Tree Deals, a store with prices that typically stay under $5.
Dollar Tree has 4,000 stores in 48 states.and employs more than 50,000. Dollar Tree trades publicly on the NASDAQ Global Select Market.