Content about Family Dollar stores

July 10, 2014

Family Dollar Stores’ third quarter income plunged 33% amid higher costs and increased competition.

Matthews, N.C. -- Family Dollar Stores’ third quarter income plunged 33% amid higher costs and increased competition. Same-store sales fell 1.8%, which marked the third straight quarterly decline.

Family Dollar is under pressure from activist investor Carl Icahn to put itself up for sale. The company has adopted a shareholder rights plan, or "poison pill."

June 18, 2014

Family Dollar Stores, announced that it has named Jeffrey Thomas senior VP-merchandise operations.

Matthews, N.C. -- Family Dollar Stores, announced that it has named Jeffrey Thomas senior VP-merchandise operations. He replaces Scott Zucker, who left the company at the end of May.

Thomas joined Family Dollar in 2003 as a director of vendor performance. He went on to assume roles with increasing responsibilities, and in 2013, was named VP-merchant services.

June 9, 2014

Family Dollar Stores has adopted a one-year shareholder rights plan to prevent investors from gaining sizable control of the company. The move follows the disclosure on Friday that activist investor Carl Icahn has amassed a 9.39% stake in the retailer over the past two months, making him its largest shareholder.

Matthews, N.C. — Family Dollar Stores has adopted a one-year shareholder rights plan to prevent investors from gaining sizable control of the company. The move follows the disclosure on Friday that activist investor Carl Icahn has amassed a 9.39% stake in the retailer over the past two months, making him its largest shareholder.

In the filing on Friday, Icahn said he plans to push Family Dollar management to explore strategic changes, and that he might also seek board seats.

May 1, 2014

Ten years ago, demographic experts predicted a looming talent shortage: When the massive baby boom generation retired, the small Generation X would not have enough experienced leaders and managers to fill the positions that boomers would vacate.

January 9, 2014

Family Dollar Stores on Thursday announced that president and COO Michael Bloom has left the company to pursue other interests.

MATTHEWS, N.C. — Family Dollar Stores on Thursday announced that president and COO Michael Bloom has left the company to pursue other interests. The company will conduct a search for a new president and COO. The news comes amid disappointing first quarter results for the company, which lowered its earnings expectations for the second quarter and full year. Family Dollar also announced it has promoted Jason Reiser to the position of executive VP - chief merchandising officer.

January 9, 2014

Retailers across the board, from Victoria’s Secret parent L Brands Inc. and American Eagle Outfitters to Family Dollar Stores and Bed, Bath & Beyond, cut their fourth-quarter earnings forecasts on Thursday as heavy promotions and discounts cut into profits.

New York -- Retailers across the board, from Victoria’s Secret parent L Brands Inc. and American Eagle Outfitters to Family Dollar Stores and Bed, Bath & Beyond, cut their fourth-quarter earnings forecasts on Thursday as heavy promotions and discounts cut into profits. Results were also impacted by multiple snowstorms, a shortened shopping season and cautious consumers.  

October 9, 2013

Checkpoint Systems announced that Family Dollar Stores has entered into a multi-year agreement that includes the deployment of Checkpoint's electronic article surveillance solutions in all of its existing and future stores.

Thorofare, N.J. -- Checkpoint Systems announced that Family Dollar Stores has entered into a multi-year agreement that includes the deployment of Checkpoint's electronic article surveillance solutions in all of its existing and future stores.

The rollout in the chain's existing 7,900 stores is expected to be completed by December 2014.

October 4, 2013

PECO Net Lease Income Fund (NLIF) has acquired four properties including two Family Dollar stores in New Mexico and two Raising Cane's restaurants, including one in Lexington, Ky., and one in Mt. Pleasant, S.C.

Salt Lake City -- PECO Net Lease Income Fund (NLIF) has acquired four properties including two Family Dollar stores in New Mexico and two Raising Cane's restaurants, including one in Lexington, Ky., and one in Mt. Pleasant, S.C.

September 11, 2013

Family Dollar Stores announced that it has named Jeffrey W. Macak to the position of executive VP–supply chain.

Matthews, N.C. -- Family Dollar Stores announced that it has named Jeffrey W. Macak to the position of executive VP–supply chain.

For the last 13 years, Macak has served as VP-global supply chain for Bed Bath & Beyond, where he was responsible for the supply chain, logistics and distribution of goods for the company and its subsidiaries.

June 10, 2013

Family Dollar Stores names Brad Rogers as senior VP real estate.

Matthews, N.C. -- Family Dollar Stores names Brad Rogers as senior VP real estate. He replaces Keith Gehl, who retires from the company at the end of June.
   
Rogers joined Family Dollar in 1998 as a real estate manager with responsibility for new store development in North and South Carolina. Between 2006 and 2011, Rogers assumed greater roles with increased responsibilities, and in 2011, he was named VP real estate.

 

April 29, 2013

Family Dollar Stores said that Charles S. Gibson, executive VP – supply chain, will leave the company to pursue other interests, effective April 30.

Matthews, S.C. -- Family Dollar Stores said Monday that Charles S. Gibson, executive VP – supply chain, will leave the company to pursue other interests, effective April 30.
 
“Charlie has overseen the growth and development of our supply chain network and has been a valued part of our team,” said Howard R. Levine, Family Dollar CEO. “We appreciate the contributions Charlie has made to the company’s success, and we wish him all the best in his future endeavors.”

 

April 10, 2013

Family Dollar Stores reported that net income for the quarter ended March 2 edged up to $140.1 million, compared with $136.4 million in the year-ago period.

Matthews, N.C. -- Family Dollar Stores reported Wednesday that net income for the quarter ended March 2 edged up to $140.1 million, compared with $136.4 million in the year-ago period.

Sales increased 17.7% to $2.89 billion from $2.46 billion, and same-store sales rose 2.9%.

March 25, 2013

Family Dollar Stores said it has named Scott T. Zucker to the newly created position of SVP merchandise operations, charged with driving the strategy and execution of merchandise initiatives, category management, merchandise planning and replenishment.

Matthews, N.C. -- Family Dollar Stores said Monday it has named Scott T. Zucker to the newly created position of SVP merchandise operations, charged with driving the strategy and execution of merchandise initiatives, category management, merchandise planning and replenishment.

Zucker, who joined Family Dollar in 2006 as divisional VP pricing, was promoted a year later to VP merchandise operations and most recently served as VP IT solutions.

 

February 14, 2013

Belk has named Dorlisa Flur to the newly created position of EVP omni-channel, reporting to John Belk, president and chief operating officer.

Charlotte, N.C. -- Belk has named Dorlisa Flur to the newly created position of EVP omni-channel, reporting to John Belk, president and chief operating officer.

Flur joins Belk after eight years at Family Dollar Stores, most recently as vice chair, strategy and chief administrative officer. Prior roles included chief merchandising officer and the EVP strategy and marketing. Prior to Family Dollar Stores, Flur spent her professional career at management consulting firm McKinsey and Company.

February 5, 2013

Family Dollar Stores is renewing its software contract with Revionics, which provides end-to-end merchandise optimization solutions, the supplier announced.

Roseville, Calif. -- Family Dollar Stores is renewing its software contract with Revionics, which provides end-to-end merchandise optimization solutions, the supplier announced. The multi-year agreement will extend the retailer’s services with Revionics’ price optimization solutions, with Family Dollar leveraging Revionics’ solutions in each of its more than 7,600 stores in 45 states.

October 26, 2012

Family Dollar Stores said it has named Colin McGinnis as SVP store operations support, store development and procurement.

Matthews, N.C. -- Family Dollar Stores said Friday it has named Colin McGinnis as SVP store operations support, store development and procurement. He will report to Barry Sullivan, EVP store operations.

McGinnis joined Family Dollar in August of 2004 as a regional VP and, in 2006, he was named VP store operations support and process improvement. Most recently, he added additional responsibility for store services, procurement and store development.

 

October 16, 2012

Family Dollar Stores has named Jocelyn Wong to the position of SVP, chief marketing officer.

Matthews, N.C. — Family Dollar Stores has named Jocelyn Wong to the position of SVP, chief marketing officer. Wong will report to Michael Bloom, president and COO.

October 3, 2012

Family Dollar Stores reported that net income for the quarter ended Aug. 25 inched up to $80.9 million from $79.8 million in the same period last year.

Matthews, N.C. -- Family Dollar Stores reported Wednesday that net income for the quarter ended Aug. 25 inched up to $80.9 million, from $79.8 million in the same period last year. Results were impacted by an $11.5 million litigation charge stemming from the preliminary settlement of a lawsuit in New York.

Sales for the quarter rose 10.8% to $2.36 billion, a record for the company, and same-store sales increased 5.4%.

September 12, 2012

Family Dollar Stores said it plans to settle a class-action matter with more than 1,700 New York store managers who filed suit on claims of unpaid overtime wages.

Matthews, N.C. -- Family Dollar Stores said Wednesday it plans to settle a class-action matter with more than 1,700 New York store managers who filed suit on claims of unpaid overtime wages.

The preliminary settlement provides for a maximum payment of $14 million by Family Dollar. Settlement terms are pending court approval, and the discounter plans to record a fourth quarter charge to cover the costs.

 

June 5, 2012

Family Dollar Stores said it has entered into a multi-year agreement with Coinstar to provide Redbox kiosks at Family Dollar locations across the United States.

Matthews, N.C. -- Family Dollar Stores said Tuesday it has entered into a multi-year agreement with Coinstar to provide Redbox kiosks at Family Dollar locations across the United States.

“As Family Dollar continues to broaden its assortment and increase relevancy to our customer, Redbox is a natural addition to our growth initiatives,” said Michael Bloom, president and COO, Family Dollar.
 

May 15, 2012

Family Dollar Stores has selected AccessVia Web dSignShop software-as-a-service (SaaS) to print shelf-edge signs and labels in their stores.

Seattle -- Family Dollar Stores has selected AccessVia Web dSignShop software-as-a-service (SaaS) to print shelf-edge signs and labels in their stores. The solution is designed for retailers who want to outsource implementation, maintenance and support activities. Using data from a central source, Web dSignShop SaaS delivers print and digital promotions to stores for immediate availability and high-speed production via the Internet.

April 24, 2012

Family Dollar Stores said Monday that Dorlisa K. Flur, vice chair-strategy and chief administrative officer, plans to leave the company to pursue other interests, effective May 2.

Matthews, N.C. -- Family Dollar Stores said Monday that Dorlisa K. Flur, vice chair-strategy and chief administrative officer, plans to leave the company to pursue other interests, effective May 2.

Flur joined Family Dollar in 2004 as SVP strategy and business development.

April 9, 2012

Family Dollar Stores has named Jon Broz to the position of VP and assistant general counsel, litigation.

Matthews, N.C. -- Family Dollar Stores has named Jon Broz to the position of VP and assistant general counsel, litigation.

Broz comes to Family Dollar from Lowe’s Cos.
 

February 22, 2012

After 30 years in the drug store sector, Michael Bloom left CVS Caremark in September 2011 to become president and COO of Family Dollar Stores. The extreme-value chain has adopted an aggressive growth strategy in recent years, and plans to open 450 to 500 stores in 2012.

Family Dollar is equally committed to improving existing locations. Under its ambitious store-reinvention program, an estimated 1,000 locations are scheduled to be renovated, relocated or expanded this year.

December 20, 2011

Family Dollar Stores named Paul White to the position of executive VP and chief merchandising officer.

Matthews, N.C. -- Family Dollar Stores named Paul White to the position of executive VP and chief merchandising officer.

White will report to Mike Bloom, president and COO.