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Losing Loopy's: Dollar store chain closing its last Moorhead store

Loopy’s opened its first dollar store in Moorhead about 12 years ago, eventually opening this second store at 110 11th St. S. a few years later. Slack sales have forced the company to close the last remaining store in Moorhead. Dave Olson / The Forum

Moorhead - The last Loopy’s Dollar Store in Moorhead closed its doors for good this week.

Tom Ploeger, whose family has operated Loopy’s Inc., a company based in Pipestone, for about 25 years, talked about the company and why they are no longer in Moorhead.

Q: When did you start doing business in Moorhead?

A: About 12 years ago. The first store opened at 824 30th Ave. S., and the second store opened at 110 11th St. S., a few years later. We closed that first store about two years ago.

Q: What was behind your decision to close your remaining store?

A: It wasn’t making money.

Q: How many people worked there?

A: At one time, as many as 12 – three full time and the rest part time. When the store closed, it had seven employees.

Q: What happened? Did the effects of the recession play a part in why you closed the store?

A: That definitely hurt. People would walk into the store with a limit of how much they would spend, maybe $8. They wouldn’t spend more.

Q: How has your company changed over the years?

A: We had 13 stores. Now we have eight.

Q: How are those remaining stores doing?

A: They seem to be doing fine.

They are mostly in southwest Minnesota and mostly in smaller towns, 3,000-5,000 people.

Q: Why do think they are doing better?

A: In smaller communities they might be the only store in town, or even the county.

Q: Who started your company and why was it called Loopy’s?

A: My father, Gary Ploeger.

Loopy is a Spanish cartoon character my dad heard about while visiting Spain. He thought it would be a good name for a store.

Dave Olson
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