Content about Family Dollar

May 21, 2013
Family Dollar recognizes Trade Area Systems

Family Dollar presented its annual Strategic IT Partner of the Year award to Trade Area Systems at its IT Strategic Partner.

Matthews, N.C. – Family Dollar presented its annual Strategic IT Partner of the Year award to Trade Area Systems at its IT Strategic Partner last month. In September 2012, Family Dollar implemented the Trade Area Systems TAS Unity solution to give real estate managers mobile access to a database of real estate photos, comments and other relevant data.

April 24, 2013
Family Dollar deploys real estate solution
Discount retailer Family Dollar is utilizing TAS Unity, a browser-based enterprise market knowledge system designed to aid retail real estate management from Trade AreaSystems.

Matthews, N.C. -- Discount retailer Family Dollar is utilizing TAS Unity, a browser-based enterprise market knowledge system designed to aid retail real estate management from Trade AreaSystems.
 

March 29, 2013
Family Dollar taps RetailSense for marketing software

RetailSense, a marketing software company that accelerates retail and agile marketing processes, announced that Family Dollar Store has signed a multi-year contract with Retail Sense.

Tampa, Fla. -- RetailSense, a marketing software company that accelerates retail and agile marketing processes, announced that Family Dollar Store has signed a multi-year contract with Retail Sense. This new partnership includes the implementation of the latest release of IntelliSense marketing resource management solutions.
 

January 18, 2013
Family Dollar increases dividend

Family Dollar increased its annual dividend by 24%. The annual payout now totals $1.04 following a decision by the retailer’s board to elevate the quarterly dividend to 26 cents a share from 21 cents a share.

New York -- Family Dollar on Friday increased its annual dividend by 24%. The annual payout now totals $1.04 following a decision by the retailer’s board to elevate the quarterly dividend to 26 cents a share from 21 cents a share.

In addition, the board authorized the repurchase of an additional $300 million in stock under an existing program that had only $94 million in authorization remaining.

October 5, 2012
Kantar Retail survey: Dollar General offers least expensive basket price

Dollar General is the overall basket price leader delivering a substantial savings to value shoppers, according to Kantar Retail’s second annual opening price point (OPP) survey.

Cambridge, Mass. -- Dollar General is the overall basket price leader delivering a substantial savings to value shoppers, according to Kantar Retail’s second annual opening price point (OPP) survey. Walgreens, for the second year, had the most expensive total basket, driven by sharply higher edible and non-edible grocery baskets. 

September 12, 2012
Family Dollar to settle with New York store managers for $14 million

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.

 

August 24, 2012
Family Dollar names VP

Family Dollar announced that it has named Holly Shaskey-Platek to the position of senior VP – merchandising.

Matthews, N.C. -- Family Dollar announced that it has named Holly Shaskey-Platek to the position of senior VP – merchandising. She will lead the home, apparel and seasonal divisions.

Prior to joining Family Dollar in 2008 as a consultant to provide company-wide change management leadership, Holly spent a total of 25 years with Target Corp. and ShopNBC.
 

June 28, 2012
Family Dollar Q3 profit up 12%; on track for 450-500 stores in 2012

Family Dollar Stores Inc. reported that profit for the quarter ended May 26 rose 12.1% to $124.5 million, compared with $111.1 million in the year-ago period.

Matthews, N.C. -- Family Dollar Stores Inc. reported Thursday that profit for the quarter ended May 26 rose 12.1% to $124.5 million, compared with $111.1 million in the year-ago period.

Sales increased 9.6% to $2.36 billion, just missing Wall Street’s forecasts of $2.37 billion in sales. Same-store sales climbed 5%.
   

June 5, 2012
Family Dollar to add Redbox kiosks to stores nationwide

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.
 

June 5, 2012
Family Dollar to add Redbox kiosks to stores nationwide

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 10, 2012
Family Dollar teams with NetSpend on new prepaid card agreement

NetSpend Holdings said it has entered into a distribution agreement with Family Dollar to sell the NetSpend Visa prepaid debit card at the discounter’s store locations nationwide.

Austin, Texas -- NetSpend Holdings said Thursday it has entered into a distribution agreement with Family Dollar to sell the NetSpend Visa prepaid debit card at the discounter’s store locations nationwide.

Family Dollar and NetSpend plan to make the prepaid cards available in more than 7,200 locations beginning this month, NetSpend officials said.
 

March 28, 2012
Family Dollar tops estimates as Q2 profit jumps 10.7%; on track to open 450 to 500 stores

Family Dollar Stores Inc.'s second-quarter earnings rose 10.7% as increased customer traffic fueled higher sales.

Matthews, N.C. -- Family Dollar Stores Inc.'s second-quarter earnings rose 10.7% as increased customer traffic fueled higher sales. Its results topped analysts’ expectations.

The discounter said its net profit rose to $136.4 million for its fiscal second quarter ended Feb. 25, 2012, from $123.2 million a year earlier.

February 22, 2012
Keeping Family Dollar Stores on Fast Track

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.

January 23, 2012
Family Dollar on track for 450 to 500 stores this year

Family Dollar plans to continue aggressive growth in the current fiscal year, with 450 to 500 new stores on tap, CEO Howard Levine said at the company's annual shareholder meeting Thursday, The Charlotte Observer reported.

New York City -- Family Dollar plans to continue aggressive growth in the current fiscal year, with 450 to 500 new stores on tap, CEO Howard Levine said at the company's annual shareholder meeting Thursday, The Charlotte Observer reported.

The discounter also plans to open its 11th distribution center this year, to serve its stores in California where it has started expanding, the report said.

Levine said Family Dollar will continue its store renovation program, making over another 1,000 locations.

January 23, 2012
Family Dollar on track for 450 to 500 stores this year

Family Dollar plans to continue aggressive growth in the current fiscal year, with 450 to 500 new stores on tap, CEO Howard Levine said at the company's annual shareholder meeting Thursday, The Charlotte Observer reported.

New York City -- Family Dollar plans to continue aggressive growth in the current fiscal year, with 450 to 500 new stores on tap, CEO Howard Levine said at the company's annual shareholder meeting Thursday, The Charlotte Observer reported.

The discounter also plans to open its 11th distribution center this year, to serve its stores in California where it has started expanding, the report said.

Levine said Family Dollar will continue its store renovation program, making over another 1,000 locations.

January 16, 2012
Family Dollar implements Kronos workforce management solution

Kronos Inc. said that Family Dollar is using its suite of workforce management solutions to control labor costs, minimize compliance risk, and improve productivity of more than 55,000 Family Dollar employees across 7,000 stores.

New York City -- Kronos Inc. said Monday that Family Dollar is using its suite of workforce management solutions to control labor costs, minimize compliance risk, and improve productivity of more than 55,000 Family Dollar employees across 7,000 stores.

January 6, 2012
Family Dollar Q1 profit up 8%, revenue misses Street

Family Dollar Stores Inc. reported that its first quarter profit rose 8% to $80.4 million, compared with $74.3 million in the year-ago period.

Matthews, N.C. -- Family Dollar Stores Inc. reported Thursday that its first quarter profit rose 8% to $80.4 million, compared with $74.3 million in the year-ago period.

Sales for the period ended Nov. 26, 2011, rose to $2.15 billion from $2 billion in the year-ago period, missing Wall Street’s expected $2.17 billion in revenue. Same-store sales rose 4.1%.

December 19, 2011
Family Dollar names chief merchandising officer

Family Dollar Stores said that it has named Paul White as executive VP, chief merchandising officer. He will report to Michael Bloom, president and COO.

Matthews, N.C. -- Family Dollar Stores said Monday that it has named Paul White as executive VP, chief merchandising officer. He will report to Michael Bloom, president and COO.

White joined Family Dollar in 2011 as senior VP, apparel, home and seasonal. Before joining the company, he served as the past president, CEO, and director of Goody’s, where he refocused the merchandising and marketing strategies on the core customer while leading the company’s exit from bankruptcy.

December 5, 2011
Study: Dollar store boom good for retail landlords

The combined store count of the four national dollar store (or extreme value) chains has now surpassed that of the three biggest national drugstore chains, according to a new report by Colliers International.

Seattle -- The combined store count of the four national dollar store (or extreme value) chains — Dollar General, Dollar Tree, Family Dollar and 99 Cents Only — has now surpassed that of the three biggest national drugstore chains (Walgreens, CVS, and Rite Aid), according to a new report  by Colliers International, the third-largest commercial real estate services company in the world.

December 5, 2011
Study: Dollar store boom good for retail landlords

The combined store count of the four national dollar store (or extreme value) chains has now surpassed that of the three biggest national drugstore chains, according to a new report by Colliers International.

Seattle -- The combined store count of the four national dollar store (or extreme value) chains — Dollar General, Dollar Tree, Family Dollar and 99 Cents Only — has now surpassed that of the three biggest national drugstore chains (Walgreens, CVS, and Rite Aid), according to a new report  by Colliers International, the third-largest commercial real estate services company in the world.

November 28, 2011
Family Dollar gets the Walmart treatment

Family Dollar hasn’t faced much community opposition during an ambitious decade-long expansion program that has left the company with roughly 7,000 stores in 45 states.

New York City -- Family Dollar hasn’t faced much community opposition during an ambitious decade-long expansion program that has left the company with roughly 7,000 stores in 45 states. However, there is a first time for everything and residents in the North Carolina community of Carrboro are pushing back against the retailer’s efforts to open a new store.

November 28, 2011
Family Dollar gets the Walmart treatment

Family Dollar hasn’t faced much community opposition during an ambitious decade-long expansion program that has left the company with roughly 7,000 stores in 45 states.

New York City -- Family Dollar hasn’t faced much community opposition during an ambitious decade-long expansion program that has left the company with roughly 7,000 stores in 45 states. However, there is a first time for everything and residents in the North Carolina community of Carrboro are pushing back against the retailer’s efforts to open a new store.

November 14, 2011
Family Dollar enters California

Family Dollar has entered the state of California, opening four stores, in Ontario, Rialto, Riverside and Fontana.

Matthews, N.C. -- Family Dollar has entered the state of California, opening four stores, in Ontario, Rialto, Riverside and Fontana.

The discounter plans to open 450-500 new stores in fiscal 2012.

September 28, 2011
Family Dollar to open 450 to 500 stores in new fiscal year; Q4 profit up 8%

Family Dollar Stores announced that it plans to open 450 to 500 new stores in fiscal 2012, a 50% jump compared with the number of openings in fiscal 2011, and will renovate, relocate or expand over 1,000 locations.

Matthews, N.C. -- Family Dollar Stores announced Wednesday that it plans to open 450 to 500 new stores in fiscal 2012, a 50% jump compared with the number of openings in fiscal 2011, and will renovate, relocate or expand over 1,000 locations. The discounter also reported that its fiscal fourth-quarter net income rose 8%.

“In fiscal 2012, we intend to accelerate investments to drive sales and profitability,” said Howard Levine, chairman and CEO.

September 27, 2011
Focus on: Inventory Management


With more than 6,800 stores nationwide, Family Dollar is a leader when it comes to operating a tight ship. Most recently, with threats of rising operating costs, the Matthews, N.C.-based discounter put a renewed focus on inventory management. An important priority: automating inventory auditing operations in an effort to speed up the recording process and improve reporting accuracy.