This Blog has been created for my MGT 656 class for MBA at the Murray State University. The goal of this blog is to monitor the public activities of the Family Dollar Corporation in relation to what I am learning and have learned in my studies. I will integrate my professional experiences and perspectives of product sourcing in the wholesale and retail industries to the blog as well.
About Me
- Brent- Family Dollar
- I have a background in sales and product management. I enjoy finding products that make it to the retail shelves and sell. I am wired half creative and analytical. I tend to see both sides of the issue. I know how to approach things rationally and I can switch gears to think “outside the box”. I enjoy traveling. I have had the opportunity to travel to many places in the world: Europe, South America, Asia, and Africa. I try to take on a global perspective when looking at the dynamics that are effecting an industry becasue we are in global economy.
Thursday, September 9, 2010
Headline: 4th quarter sales approach $5 billion.
Before I go into more about the company profile. I saw the Aug. 28, 2010 company release of the 4th quarter earnings of $1.97 billion dollar which resulted in an 8% gain. Talk about a recession proof industry. I will be curious to see if sales go down after the recession is over or if the their market presence and growth make up for it.
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I think that its presence will stay strong even beyond the recession. It will take a very long time to completely recover from the recession. Different areas have been affected at different times. This will also give an advantage to this type of business industry. The things that they provide are services people need and they are offering it at prices people can afford.
ReplyDeleteTheir growth has been phenominal over the last 2 years.
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