Content about Howard Levine

April 10, 2014

Family Dollar Stores on Thursday reported that for the second quarter of fiscal year 2014 ended March 1, net sales totaled $2.7 billion, representing a decline of 6.1%.

MATTHEWS, N.C. — Family Dollar Stores on Thursday reported that for the second quarter of fiscal year 2014 ended March 1, net sales totaled $2.7 billion, representing a decline of 6.1%. Earnings per diluted share in the second quarter of fiscal 2014 were $0.80 as compared to $1.21 in the second quarter of fiscal 2013. 

Comparable store sales for the 13-week period decreased 3.8% as a result of decreased customer transactions, partially offset by an increase in the average customer transaction value.

March 24, 2014

Family Dollar Stores on Monday named Brian Hancock to the position of SVP supply chain. Hancock will report to Howard Levine, Family Dollar chairman and CEO.

MATTHEWS, N.C. — Family Dollar Stores on Monday named Brian Hancock to the position of SVP supply chain. Hancock will report to Howard Levine, Family Dollar chairman and CEO.

January 9, 2014

Family Dollar Stores on Thursday announced that it has promoted Jason Reiser to the position of EVP - chief merchandising officer. Reiser will report to Howard Levine, chairman and CEO.

MATTHEWS, N.C. — Family Dollar Stores on Thursday announced that it has promoted Jason Reiser to the position of EVP - chief merchandising officer. Reiser will report to Howard Levine, chairman and CEO. 

The company also noted that president and COO Michael Bloom has left the company to pursue other interests. The company will conduct a search for a new president and COO. 

October 18, 2013

Family Dollar earlier this week celebrated the grand opening of its 11th distribution center in St. George, Utah.

ST. GEORGE, Utah — Family Dollar earlier this week celebrated the grand opening of its 11th distribution center in St. George, Utah. 

“Opening our 11th distribution center is an important milestone for us,” stated Howard Levine, Family Dollar’s chairman and CEO. “This facility is ideally located to support our growth in the West, helping us keep our stores well-stocked as we continue to provide customers in this region with great value and convenience.”

October 14, 2013

One consequence of the government shutdown may be the erosion of consumer confidence among the poor, noted dollar store operator Howard Levine, executive chairman and CEO of Family Dollar, in a conference call with analysts last week.

MATTHEWS, N.C. — One consequence of the government shutdown may be the erosion of consumer confidence among the poor, noted dollar store operator Howard Levine, executive chairman and CEO of Family Dollar, in a conference call with analysts last week. "The way I think about these kind of things is it's just not a help to consumer confidence," he said. "The threat of the shutdown, the uncertainty regarding some of the government assistance that our consumers impact, the uncertainty around job growth are very real to our customer everyday."

October 9, 2013

More than 1,000 new and relocated stores and an increase in a partnership with supply chain services firm McLane Co. were among the highlights in fourth quarter fiscal year 2013 at Family Dollar, the discount store chain said Wednesday.

MATTHEWS, N.C. — More than 1,000 new and relocated stores and an increase in a partnership with supply chain services firm McLane Co. were among the highlights in fourth quarter fiscal year 2013 at Family Dollar, the discount store chain said Wednesday.

July 10, 2013

Family Dollar Stores on Wednesday reported a net sales increase of 9% to $2.6 billion for third quarter ended June 1, reaching the upper end of the discount chain's guidance. Comparable store sales in the quarter increased 2.9%.

MATTHEWS, N.C. — Family Dollar Stores on Wednesday reported a net sales increase of 9% to $2.6 billion for third quarter ended June 1, reaching the upper end of the discount chain's guidance. Comparable store sales in the quarter increased 2.9%.

Family Dollar attributed the increase in comparable store sales to an increase in the average customer transaction value and higher customer traffic. Sales were strongest in the consumables category, which increased 14.8% during the quarter, driven primarily by strong growth in food, health and beauty aids and tobacco. 

June 10, 2013

Family Dollar Stores on Monday named Brad Rogers SVP real estate, replacing Keith Gehl, who will retire from the company at the end of June.

MATTHEWS, N.C. — Family Dollar Stores on Monday named Brad Rogers SVP real estate, replacing Keith Gehl, who will retire from the company at the end of June. 

April 30, 2013

Family Dollar Stores on Monday announced Charles Gibson, EVP supply chain, will leave the company to pursue other interests effective April 30.

MATTHEWS, N.C. — Family Dollar Stores on Monday announced Charles Gibson, EVP supply chain, will leave the company to pursue other interests effective April 30.

“Charlie has overseen the growth and development of our supply chain network and has been a valued part of our team,” stated Howard Levine, Family Dollar chairman and CEO. “We appreciate the contributions Charlie has made to the company’s success, and we wish him all the best in his future endeavors.”

April 11, 2013

Family Dollar Stores reported a net sales increase of 17.7% to $2.9 billion for the second quarter ended March 2.

MATTHEWS, N.C. — Family Dollar Stores on Thursday reported a net sales increase of 17.7% to $2.9 billion for the second quarter ended March 2. Comparable stores were up 2.9%.

An extra week in the quarter contributed approximately $189 million in sales. Strong growth in tobacco, food and HBA contributed to a 26.6% lift across consumables, the dollar operator reported. 

October 3, 2012

Following the release of record sales and profits on Wednesday, Family Dollar said it would open 500 new stores next year.

MATTHEWS, N.C. — Following the release of record sales and profits on Wednesday morning, Family Dollar said it would open 500 new stores next year.

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.

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.”

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.

March 30, 2011

Profit grew by nearly 10% to $123.2 million and sales advanced 8.3% to nearly $2.3 billion as Family Dollar remained on a consistent growth trajectory during its second quarter, ended Feb. 27.

MATTHEWS, N.C. — Profit grew by nearly 10% to $123.2 million and sales advanced 8.3% to nearly $2.3 billion as Family Dollar remained on a consistent growth trajectory during its second quarter, ended Feb. 27.

Earnings per share for the period increased 21% to 98 cents, compared with 81 cents in the prior-year's second quarter.

March 14, 2011

Family Dollar reported Monday a comparable-store sales increase of 5.1% for the second quarter ended Feb. 26. Net sales for the quarter increased 8.3% to $2.26 billion, from $2.09 billion last year. According to the retailer, warmer weather earlier in the year, as well as strong performance in its consumables and seasonal categories, helped drive sales.

MATTHEWS, N.C. — Family Dollar reported Monday a comparable-store sales increase of 5.1% for the second quarter ended Feb. 26. Net sales for the quarter increased 8.3% to $2.26 billion, from $2.09 billion last year. According to the retailer, warmer weather earlier in the year, as well as strong performance in its consumables and seasonal categories, helped drive sales.