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Family Dollar Stores, Inc. is an American variety store chain. With over 8,000 locations in all states except Alaska and Hawaii, it was the second largest retailer of its type in the United States until it was acquired by Dollar Tree in 2015 when its headquarters operations were moved from Matthews, a suburb of Charlotte, North Carolina, to Chesapeake, Virginia, located in South Hampton Roads.
Family Dollar has struggled since Dollar Tree bought it in 2015 for $8.5 billion. Dollar Tree believed acquiring Family Dollar would help it compete against bigger rivals. But it misjudged the deal.
Same-store sales for the company’s Dollar Tree brand rose 1.7% while Family Dollar sales climbed only 0.1%. Enterprise sales rose 1%. Revenue rose to $7.63 billion, up about 4% from $7.32 ...
As Family Dollar struggled, rival Dollar General boomed. Dollar General has opened about 1,000 stores a year, making it the fastest-growing retailer in the United States. The company has around ...
Levine established the Howard R. Levine Foundation, a donor-advised fund. As of 2015, it had $65 million in assets after a $45 million addition by Levine. [ 9] In February 2017, Levine and his wife Julie donated $2 million to Providence Day school in Charlotte. [ 10] The couple made a $100,000 matching gift through the foundation to the Time ...
Discount store. A discount store or discounter offers a retail format in which products are sold at prices that are in principle lower than an actual or supposed "full retail price". Discounters rely on bulk purchasing and efficient distribution to keep down costs. [ 1]
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