Content about Family Dollar

May 10, 2012

Family Dollar said its board of directors declared a regular quarterly cash dividend on the company's common stock of 21 cents per share.

MATTHEWS, N.C. — Family Dollar said its board of directors declared a regular quarterly cash dividend on the company's common stock of 21 cents per share.

The dividend is made payable July 13 to shareholders of record at the close of business on June 15.

May 4, 2012

Family Dollar is gearing up to offer its customers a broader selection of merchandise, including refrigerated and frozen food, through a strategic partnership with McLane.

MATTHEWS, N.C. — Family Dollar is gearing up to offer its customers a broader selection of merchandise, including refrigerated and frozen food, through a strategic partnership with McLane.

April 23, 2012

Family Dollar announced that one of its executives intends to leave the company to pursue other interests.

MATTHEWS, N.C. — Family Dollar announced that one of its executives intends to leave the company to pursue other interests.

The company said the departure of Dorlisa Flur, vice chair of strategy and chief administrative officer, is effective May 2.

"Dorlisa has served the Company in a variety of leadership roles and has been a valued part of our team," Family Dollar chairman and CEO Howard Levine said. "Her contributions to Family Dollar's success are greatly appreciated, and we wish her all the best in her future endeavors."

April 10, 2012

Family Dollar has named Mary Winston to the position of EVP and CFO.

MATTHEWS, N.C. — Family Dollar has named Mary Winston to the position of EVP and CFO. Winston will report to Howard Levine, chairman and CEO, and will have executive responsibility for Family Dollar’s financial operations, including accounting, treasury, tax, financial planning, investor relations and internal audit.

April 9, 2012

Family Dollar has appointed a new VP and assistant general counsel for litigation.

MATTHEWS, N.C. — Family Dollar has appointed a new VP and assistant general counsel for litigation.

Jon Broz joins the retailer from Lowe's, where he most recently served as VP and assistant general counsel for litigation. In his new role at Family Dollar, Broz will report to James Snyder Jr., SVP general counsel and secretary.

March 28, 2012

Rising gas prices and a cautious consumer environment continues to benefit the dollar store, with Family Dollar being the latest example.

MATTHEWS, N.C. — Rising gas prices and a cautious consumer environment continues to benefit the dollar store, with Family Dollar being the latest example. The company reported that net income for the second quarter of fiscal year 2012, ended Feb. 25, increased 10.7% to $136.4 million, compared with net income of $123.2 million for the second quarter of fiscal year 2011. Net income per diluted share for the quarter increased 17.3% to $1.15, compared with 98 cents for the same period last year.

January 6, 2012

Momentum remains on the side of Family Dollar, as the company late Thursday reported another quarter of record sales and profits and the opening of 101 units, which included its first stores in California.

MATTHEWS, N.C. — Momentum remains on the side of Family Dollar, as the company late Thursday reported another quarter of record sales and profits and the opening of 101 units, which included its first stores in California.

January 4, 2012

Despite an overall decrease in free standing insert coupon activity, retailer promotion pages within the FSI vehicles recorded a 30.7% increase to more than 17 billion pages in 2011, continuing the significant annual increases in retailer promotion activity, which began in 2007, Kantar Media reported Wednesday.

MINNEAPOLIS — Despite an overall decrease in free standing insert coupon activity, retailer promotion pages within the FSI vehicles recorded a 30.7% increase to more than 17 billion pages in 2011, continuing the significant annual increases in retailer promotion activity, which began in 2007, Kantar Media reported Wednesday.

Overall, the number of free-standing insert coupons distributed through 2011 dropped 6.5% compared with 2010. This decline in FSI coupon activity followed two consecutive years of annual increases of 8% in 2009 and 7.2% in 2010.

December 19, 2011

Family Dollar Stores on Monday named Paul White to the position of EVP and chief merchandising officer. White will report to Mike Bloom, president and COO.

MATTHEWS, N.C. — Family Dollar Stores on Monday named Paul White to the position of EVP and chief merchandising officer. White will report to Mike Bloom, president and COO.

“Through Paul’s leadership and strategic vision, Family Dollar has created a compelling mix of discretionary merchandise, which has led to a more fun place to shop for our customers,” Bloom said. “Paul’s promotion will help us continue to broaden our appeal and deliver greater value to our customers.”

December 5, 2011



It was the best of times. It was the worst of times. It’s that kind of Dickensian double-speak that personifies the tone of the holiday forecasts this year — forecasts that have really been all over the board.



It was the best of times. It was the worst of times. It’s that kind of Dickensian double-speak that personifies the tone of the holiday forecasts this year — forecasts that have really been all over the board.

December 5, 2011

The combined store count of the county's largest dollar store chains outnumbers that of the largest retail pharmacy chains as continued economic difficulties drive the channel's growth, according to a new study released Monday by Colliers International.

SEATTLE — The combined store count of the county's largest dollar store chains outnumbers that of the largest retail pharmacy chains as continued economic difficulties drive the channel's growth, according to a new study released Monday by Colliers International.

December 5, 2011

Optimism, skepticism, confidence and concern were among the range of emotions shared by Walmart suppliers who participated in the second annual Walmart Supplier Survey conducted by Drug Store News’ sister publication Connecting Northwest Arkansas.


Optimism, skepticism, confidence and concern were among the range of emotions shared by Walmart suppliers who participated in the second annual Walmart Supplier Survey conducted by Drug Store News’ sister publication Connecting Northwest Arkansas.


(To view the full results of the Walmart Supplier Survey, click here.)

November 15, 2011

Family Dollar is expanding into California for the first time with the opening of four new stores in Ontario, Rialto, Riverside and Fontana.

MATTHEWS, N.C. — Family Dollar is expanding into California for the first time with the opening of four new stores in Ontario, Rialto, Riverside and Fontana. The company's aggressive growth plans also include 450 to 500 new stores to be opened in fiscal 2012.

November 7, 2011

October sure was a busy month for news in the drug channel. It began in earnest on Oct. 1, the day CVS’ new president officially began his new job. Before the month was over, CVS’ chief merchant left to become president of Family Dollar, and his responsibilities would be carved up between three key executives.

October sure was a busy month for news in the drug channel. It began in earnest on Oct. 1, the day CVS’ new president officially began his new job. Before the month was over, CVS’ chief merchant left to become president of Family Dollar, and his responsibilities would be carved up between three key executives.

November 2, 2011

Family Dollar has appointed a new VP assistant general counsel and assistant secretary.

MATTHEWS, N.C. — Family Dollar has appointed a new VP assistant general counsel and assistant secretary.

Family Dollar said its current assistant general counsel Beth MacDonald has been promoted to the new role. She will report to Family Dollar SVP and general counsel Jim Snyder.

MacDonald joined Family Dollar in 2010 as divisional counsel.

October 24, 2011

CVS has named Judy Sansone SVP merchandising and has expanded the roles of chief marketing officer Rob Price and EVP internal operations, real estate and supply chain Scott Baker, the company announced Monday.

WOONSOCKET, R.I. — Less than a month following the departure of former EVP merchandising and supply chain Mike Bloom to lead Family Dollar, it's official — Judy Strauss Sansone will lead CVS’ merchandising team, the company announced Monday, naming the 30-year CVS veteran SVP merchandising.

October 3, 2011

Family Dollar is on a mission to increase traffic to its stores — of which it intends to build twice as many in fiscal 2012 as it did in fiscal 2011 — and grow its market basket. That has meant a growing emphasis on what it considers its consumables business, a substantial portion of which is constituted by health and beauty aids.

WHAT IT MEANS AND WHY IT’S IMPORTANT — Family Dollar is on a mission to increase traffic to its stores — of which it intends to build twice as many in fiscal 2012 as it did in fiscal 2011 — and grow its market basket. That has meant a growing emphasis on what it considers its consumables business, a substantial portion of which is constituted by health and beauty aids. As part of a long-term strategy to create an improved shopping experience and enhance customer loyalty, it expanded consumables into 5,800 stores over the past year.

September 29, 2011

The chief investment officer of Trian Fund Management has been named to the board of directors at Family Dollar, the retailer announced.

MATTHEWS, N.C. — The chief investment officer of Trian Fund Management has been named to the board of directors at Family Dollar, the retailer announced.

Edward Garden's appointment as board member is effective immediately. With this appointment, Family Dollar's board expands to 11 directors.

September 28, 2011

Family Dollar 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 more than 1,000 locations.

MATTHEWS, N.C. — Family Dollar 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 more than 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,” Family Dollar chairman and CEO Howard Levine said.

September 27, 2011

Longtime CVS/pharmacy executive Mike Bloom has resigned from the company and will serve as president and COO of Family Dollar Stores.

NEW YORK — Longtime CVS/pharmacy executive Mike Bloom has resigned from the company and will serve as president and COO of Family Dollar Stores.

“Mike Bloom, EVP of merchandising and supply chain, has resigned from the company. We thank him for his many contributions to the success of our retail business over the past 19 years and wish him luck in his future endeavors,” stated Carolyn Castel, VP of corporate communications at CVS Caremark, in a statement sent to Drug Store News.

September 19, 2011

Family Dollar announced that it has named Trey Johnson to the newly created position of SVP food.

MATTHEWS, N.C. — Family Dollar announced that it has named Trey Johnson to the newly created position of SVP food.

Johnson will report to Dorlisa Flur, EVP and chief merchandising officer.

September 13, 2011

Family Dollar has found a way to better understand how customers respond to its in-store displays and promotions, and how they can be improved to generate more sales.

WINSTON-SALEM, N.C. — Family Dollar has found a way to better understand how customers respond to its in-store displays and promotions, and how they can be improved to generate more sales.

The discount retailer has engaged RockTenn, manufacturer of consumer packaging solutions and BVI Networks, a provider of real-time in-store monitoring, to open the first large format "ShopperGauge" branded retail learning lab at Family Dollar stores.

August 11, 2011

Family Dollar opened its 7,000th store Thursday, further cementing the dollar-store channel as an area of rapid growth.

MEMPHIS — Family Dollar opened its 7,000th store Thursday, further cementing the dollar-store channel as an area of rapid growth.

The store is located in Memphis, Tenn., and features a green building design and a spacious layout for an optimal shopping experience, the company reported.

To commemorate the opening of its 7,000th store in Memphis, Family Dollar completed the celebration with a $7,000 donation to the Mid-South Food Bank, along with cans of food donated by members of the local community.

June 30, 2011

Does Family Dollar's expansion of health and beauty items, which contributed to its overall inventory growth during the third quarter, and Ulta's plan to create men's grooming boutiques within most of its nearly 400 stores mean a new competitive threat for drug stores?

WHAT IT MEANS AND WHY IT'S IMPORTANT — Does Family Dollar's expansion of health and beauty items, which contributed to its overall inventory growth during the third quarter, and Ulta's plan to create men's grooming boutiques within most of its nearly 400 stores mean a new competitive threat for drug stores?

(THE NEWS: Inventories swell as Family Dollar boosts beauty. For the full story, click here.)

June 29, 2011

A 25% increase in the health and beauty care product assortments at Family Dollar contributed to overall inventory growth during the company’s third quarter, the retailer announced Wednesday morning with the release of its financial results.

MATTHEWS, N.C. — A 25% increase in the health and beauty care product assortments at Family Dollar contributed to overall inventory growth during the company’s third quarter, the retailer announced Wednesday morning with the release of its financial results.

In addition to the major expansion of the health and beauty category at 5,000 of the company’s 6,900 stores, Family Dollar said it also expanded assortments of food by 20%, which, combined with the health and beauty care initiative, resulted in an overall increase in inventory levels of 15%.