By the end of the month, Your Dollar Store with More will be shutting its doors in Prince Rupert.
The store currently has a sale on all inventory and recently listed the fixtures for sale, and today owner Barb McLean confirmed that the store would be closed as early as April 25.
“The reason we’re shutting down is that there is a big Dollarama opening in the mall, a big Shopper’s Drug Mart opening in the mall and a Wal-mart opening later this year…With three big grand openings back-to-back, I don’t think there is enough of the pie to go around,” she said, noting that those franchises have more buying power than the independent retailers.
“Things are going to turn around for Prince Rupert, I believe that, but as a small retailer it is tough to compete with the big box retailers.”
McLean said that while the dollar store niche is filled, she will be looking at other areas of the market that could be serviced by a new business.
Located at the corner of Third Avenue West and Fulton Street, the store had recently downsized from the whole lower level of the building to a smaller space in the same location.