Family Dollar first opened its doors in November 1959 in Charlotte North Carolina. It was started by a 21 year old entrepreneur Leon Levine to promote sales of merchandise $2 and under. His idea was simple; have a self service store with product categories sectioned in the store. On this platform his stores grew and today there are over 6,700 stores throughout the US from southeast coast to Arizona generating sales of over $5 billion. In the last decade over 4,000 stores have been added to the corporation. This is an impressive feat.
Stores range in size from 7500, to 9,000 square feet. Most merchandise is under $10 retail. Stores are placed in free standing location or are in strip mall settings. Family Dollar’s headquarters are located in Matthews, North Carolina, just outside of Charlotte. The Company operates automated full-service distribution centers in Arkansas, Virginia, Oklahoma, Kentucky, Iowa, Texas, Florida, and New York. The Company has been a publicly held corporation since 1970 and its stock is listed on the New York Stock Exchange under the symbol FDO.
Stores range in size from 7500, to 9,000 square feet. Most merchandise is under $10 retail. Stores are placed in free standing location or are in strip mall settings. Family Dollar’s headquarters are located in Matthews, North Carolina, just outside of Charlotte. The Company operates automated full-service distribution centers in Arkansas, Virginia, Oklahoma, Kentucky, Iowa, Texas, Florida, and New York. The Company has been a publicly held corporation since 1970 and its stock is listed on the New York Stock Exchange under the symbol FDO.
Like the side bars. You are good at this.
ReplyDeleteI often confuse family dollar and dollar general.
I am curious and perhaps you can find out --- who manufactures all those "lesser known" brands that are sold there?
It seems like more and more Family Dollar Store's are being built. My hometown just put one up, we already had a Dollar General. What is the biggest difference between the 2? It would seem to me that it would be hard for both of them ot survive in a town of 3,000 people such as the one I live in.
ReplyDeleteIn response to EB's question. From my knowledge of the industry. Most private label durable goods are made using the wholesalers,trading companies, or sourcing direct factories. Consumables are made by some of the same manufacturers as secondary products from their major brands.
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