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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.
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.
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 ...
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.
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 ...
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 ...
Dollar Tree announced on March 13 it would close 600 Family Dollar stores in the first half of fiscal 2024, and 370 additional stores as their leases expire, according to a press release. Dollar ...
Dollar Tree said Wednesday it will explore a sale or spinoff of Family Dollar, less than a decade after acquiring the chain in what has turned out to be a disastrous merger.
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