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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 Announces Executive Management Change MATTHEWS, N.C.-- ... Family Dollar Stores, Inc. Investor Contact: Kiley F. Rawlins, CFA, 704-708-2858 krawlins@familydollar.com or
In 1996, Levine rejoined Family Dollar and served in various positions until he became Chief Executive Officer in August 1998. [4] In July 2014, Levine oversaw the buyout of Family Dollar by Dollar Tree in a deal totaling $8.5 billion. [5] Levine remained with the company following the merger and was appointed to Dollar Tree's board of ...
The company grew rapidly; by 1961, Family Dollar had expanded into neighboring South Carolina. In 1962, Family Dollar did some $2 million ($19.9 million in 2023 money) in business, and moved into the Augusta, Georgia market. Around this time, Levine went solo, buying out his partner's interest in the company.
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 ...
Dollar Tree bought its rival in 2015 for $8.5 billion, believing the acquisition of Family Dollar would help it compete against larger companies. But by early 2024, more than 900 Family Dollar ...
Dollar General expanded to 46 states in 2020 with the addition of new stores in Wyoming [50] in March and Washington in April. [51] Dollar General store in Minneapolis destroyed by arson, 2020. In late May 2020, two Dollar General stores were destroyed by arson during the George Floyd riots in Minneapolis–Saint Paul, and three others had ...
On March 13, parent company, Dollar Tree, announced in a press release it plans to shutter nearly 1,000 Family Dollar stores after seeing declining sales in 2023.