Family Dollar is a regional chain of variety stores located in the United States. It is positioned to move forward as one of the fastest growing retailers in the country. They already hold 1% of the grocery market in the United States. This chain of stores provides their customers with unique merchandise and every day convenience, as well as low prices.
About Family Dollar
The story of Family Dollar is really quite remarkable. Family Dollar began when a 21-year-old entrepreneur became intrigued with the idea of opening a retail store with low overhead and self-service. The young man, Leon Levine, knew that he could provide quality merchandise to his customers for under $2 because he had grown up in his family’s retail store. In 1959, he opened the first Family Dollar store in Charlotte, North Carolina. A decision he never regretted, no doubt.
His management philosophy has always stayed the same. It is a simple one, “the customers are the boss, and you need to make them happy.” His stores have always allowed customers to shop easily. Today, Family Dollar is a chain of over 6,800 stores in 44 states and the District of Columbia. Just over the last ten years, the company has added 4,000 new stores to their chain. Family Dollar is headquartered in Matthews, North Carolina.
It is also now a fortune 400 company. It takes pride that it gives customers good value on basic products in a no gimmicks, convenient, self-service environment for over 50 years. Most of its merchandise is priced under $10.00.
In addition to providing quality merchandise at low prices, Family Dollar also supports non-profit organizations. In order to be eligible for contributions the organization that is requesting help should be termed a non-profit organization with a 501(c)3 status by the US Internal Revenue Service. This means that the organization must provide goods or services for low-income and low-middle income persons in need.
In 2005, Family Dollar established FamilyHOPE. This program is set up for Family Dollar Team Members to give financial support in case of natural disasters. In this program Family Dollar 100% of contributions go toward helping the Team Members and pays all administrative fees. They have engaged with an independent firm, Foundation for the Carolina’s to help manage the fund. Applications are completely confidential and no one in the company contributes to the decision making process.
Annual Sales – by the end of the fiscal year 2010 the company reached $7.8 billion in total sales, $5 billion of which are consumables.
Number of Employees – the company employs approximately 45,000 people
States Serviced – Family Dollar currently operates in 44 states in the U.S.
Currently there are 6,800 stores in 44 states. Only Montana, Washington, Oregon, and California do not have any Family Dollar stores.
Family Dollar offers more than 2,000 food items, plus soft goods such as clothing. The chain carries nationally known name brands. Their buying power allows them to sell at a discount.
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