Family Dollar is a chain of discount stores that operates in the United States. The company was founded in 1959 by Leon Levine in Charlotte, North Carolina. Family Dollar has since grown to become one of the largest discount retailers in the country, with over 8,000 stores in 46 states. The company's headquarters are located in Matthews, North Carolina.
In 2015, Family Dollar was acquired by Dollar Tree, Inc. for $9.2 billion. Dollar Tree is a Fortune 500 company that operates over 15,000 stores in the United States and Canada. The acquisition of Family Dollar made Dollar Tree the largest discount retailer in North America.
Now that we know who owns Family Dollar, let's take a closer look at the company's history, business model, and financial performance.
Who Owns Family Dollar
Family Dollar is a prominent chain of discount stores based in the United States.
- Founded: 1959
- Founder: Leon Levine
- Headquarters: Matthews, NC
- Former Headquarters: Charlotte, NC
- Acquired by Dollar Tree: 2015
- Fortune 500 Company
- 15,000+ Stores
- Largest Discount Retailer: North America
Family Dollar has experienced ownership changes over the years, but it remains a significant player in the discount retail industry.
Founded: 1959
The story of Family Dollar begins in 1959, when a young entrepreneur named Leon Levine opened the first store in Charlotte, North Carolina. Levine had a vision of creating a chain of discount stores that would offer low prices on everyday items to families in underserved communities. The store was an instant success, and Levine soon began expanding the business.
By the early 1970s, Family Dollar had grown to over 100 stores in the southeastern United States. The company continued to grow rapidly throughout the 1980s and 1990s, and by the early 2000s, it had become one of the largest discount retailers in the country.
In 2003, Family Dollar went public, and its stock began trading on the New York Stock Exchange. The company continued to expand its store base and product offerings, and by 2015, it had over 8,000 stores in 46 states.
In 2015, Family Dollar was acquired by Dollar Tree, Inc. for $9.2 billion. The acquisition made Dollar Tree the largest discount retailer in North America.
Family Dollar's founding in 1959 marked the beginning of a remarkable journey for the company. From its humble beginnings in Charlotte, North Carolina, Family Dollar grew to become a national powerhouse in the discount retail industry.
Founder: Leon Levine
Leon Levine, the founder of Family Dollar, was born in Charlotte, North Carolina in 1932. He grew up in a poor family, and he started working at a young age to help support his parents and siblings.
After graduating from high school, Levine served in the United States Army. After his military service, he returned to Charlotte and started working in the retail industry. In 1959, he opened the first Family Dollar store with the goal of providing affordable goods to families in underserved communities.
Levine was a visionary leader who was always looking for new ways to grow his business. He was also a generous philanthropist who donated millions of dollars to various charities and educational institutions.
Levine died in 2019 at the age of 86. He is remembered as a pioneer in the discount retail industry and a dedicated philanthropist.
Leon Levine's entrepreneurial spirit and commitment to providing affordable goods to families in need helped to make Family Dollar one of the most successful discount retailers in the United States.
Headquarters: Matthews, NC
Family Dollar's headquarters are located in Matthews, North Carolina, a suburb of Charlotte. The company moved its headquarters to Matthews in 2003 from its previous location in Charlotte.
- Proximity to Charlotte:
Matthews is located just a few miles from Charlotte, which is the largest city in North Carolina. This gives Family Dollar easy access to a major transportation hub and a large pool of potential employees.
- Business-friendly environment:
Matthews is known for its business-friendly environment. The city has a low tax rate and a streamlined permitting process, which makes it attractive to businesses.
- Quality of life:
Matthews is a desirable place to live, with a high quality of life. The city has a strong school system, a variety of cultural amenities, and a vibrant downtown area.
- Expansion opportunities:
Matthews has plenty of room for Family Dollar to expand its headquarters. The company has already purchased several parcels of land in the area, and it has plans to build a new corporate campus in the coming years.
Family Dollar's decision to move its headquarters to Matthews was a strategic one. The city offers a number of advantages that make it an ideal location for the company's corporate headquarters.
Former Headquarters: Charlotte, NC
Family Dollar's former headquarters were located in Charlotte, North Carolina, the largest city in the state. The company was founded in Charlotte in 1959, and it was headquartered there for over 40 years.
- Central location:
Charlotte is located in the heart of the southeastern United States, which made it a convenient location for Family Dollar to distribute its products to its stores throughout the region.
- Transportation hub:
Charlotte is a major transportation hub, with a large airport and a network of highways and railways. This made it easy for Family Dollar to ship its products to its stores and for employees to travel to the company's headquarters.
- Access to talent:
Charlotte is home to a number of colleges and universities, which gave Family Dollar access to a pool of talented potential employees.
- Historic significance:
Charlotte is where Family Dollar was founded, and the company's former headquarters building was a historic landmark. This gave the company a sense of place and identity.
Family Dollar's decision to move its headquarters from Charlotte to Matthews was a difficult one. However, the company ultimately decided that the benefits of moving to Matthews outweighed the benefits of staying in Charlotte.
Acquired by Dollar Tree: 2015
In 2015, Family Dollar was acquired by Dollar Tree, Inc. for $9.2 billion. The acquisition was a major turning point in the history of Family Dollar, as it made the company part of one of the largest discount retailers in North America.
The acquisition was driven by a number of factors, including the increasing competition in the discount retail industry and the desire of both Family Dollar and Dollar Tree to expand their reach. Family Dollar had a strong presence in rural and underserved communities, while Dollar Tree had a strong presence in urban areas. By combining their operations, the two companies were able to create a more comprehensive network of stores that reached a wider range of customers.
The acquisition also allowed Dollar Tree to expand its product offerings. Family Dollar had a wider selection of merchandise than Dollar Tree, including食品,家居用品，和清洁用品. This gave Dollar Tree the opportunity to offer its customers a more diverse range of products at low prices.
The acquisition of Family Dollar by Dollar Tree was a major event in the discount retail industry. It created the largest discount retailer in North America and gave Dollar Tree a stronger presence in both rural and urban markets.
Since being acquired by Dollar Tree, Family Dollar has continued to operate as a separate brand. The company has its own website, its own stores, and its own management team. However, Family Dollar does benefit from the resources and support of Dollar Tree.
Fortune 500 Company
Dollar Tree, the parent company of Family Dollar, is a Fortune 500 company. This means that it is one of the 500 largest companies in the United States by revenue.
- Size and revenue:
Dollar Tree is a large company with over 15,000 stores and annual revenue of over $25 billion. This makes it one of the largest retailers in the United States.
- Financial stability:
Fortune 500 companies are generally considered to be financially stable. This is because they have a large customer base, a diverse product portfolio, and a strong track record of profitability.
- Brand recognition:
Fortune 500 companies are typically well-known brands. This is because they have a large marketing budget and a wide reach. Dollar Tree is a well-known brand in the United States, and its acquisition of Family Dollar has only strengthened its brand recognition.
- Economic impact:
Fortune 500 companies have a significant impact on the economy. They create jobs, generate revenue, and pay taxes. Dollar Tree is a major employer in the United States, and its stores are located in communities across the country.
Family Dollar benefits from being part of a Fortune 500 company. Dollar Tree has the resources and the expertise to help Family Dollar grow and succeed. This is good news for Family Dollar customers, employees, and shareholders.
15,000+ Stores
Dollar Tree, the parent company of Family Dollar, operates over 15,000 stores in the United States and Canada. This makes it one of the largest discount retailers in North America.
- Widespread reach:
With over 15,000 stores, Dollar Tree has a widespread reach. This means that there is a Dollar Tree store within easy reach of most people in the United States and Canada.
- Convenience:
The large number of Dollar Tree stores makes it convenient for customers to shop at the store. Customers can easily find a store near their home or workplace.
- Selection:
The large number of Dollar Tree stores allows the company to offer a wide selection of merchandise. Customers can find everything they need at Dollar Tree, from food and household items to clothing and toys.
- Growth potential:
The large number of Dollar Tree stores also gives the company the potential to grow. Dollar Tree can continue to open new stores in new markets and expand its reach to even more customers.
Family Dollar benefits from being part of a company with over 15,000 stores. This gives Family Dollar access to a large customer base, a wide selection of merchandise, and the potential to grow.
Largest Discount Retailer: North America
Dollar Tree, the parent company of Family Dollar, is the largest discount retailer in North America. This means that it has more stores and sells more merchandise than any other discount retailer in the region.
- Market dominance:
Dollar Tree's large number of stores and its wide selection of merchandise give it a dominant position in the discount retail market in North America. This makes it difficult for other discount retailers to compete with Dollar Tree.
- Brand recognition:
Dollar Tree is a well-known brand in North America. This is due to its large number of stores, its wide selection of merchandise, and its low prices. Dollar Tree's brand recognition gives it an advantage over other discount retailers.
- Customer loyalty:
Dollar Tree has a loyal customer base. This is because Dollar Tree offers a wide selection of merchandise at low prices. Dollar Tree's loyal customers are more likely to shop at Dollar Tree than at other discount retailers.
- Growth potential:
Dollar Tree has the potential to continue to grow. The company can open new stores in new markets and expand its reach to even more customers. Dollar Tree can also continue to grow its online sales.
Family Dollar benefits from being part of the largest discount retailer in North America. This gives Family Dollar access to a large customer base, a wide selection of merchandise, and the potential to grow.
FAQ
Here are some frequently asked questions about Family Dollar:
Question 1: Who owns Family Dollar?
Answer 1: Family Dollar is owned by Dollar Tree, Inc.
Question 2: When was Family Dollar founded?
Answer 2: Family Dollar was founded in 1959.
Question 3: Who founded Family Dollar?
Answer 3: Family Dollar was founded by Leon Levine.
Question 4: Where is Family Dollar headquartered?
Answer 4: Family Dollar is headquartered in Matthews, North Carolina.
Question 5: How many Family Dollar stores are there?
Answer 5: There are over 8,000 Family Dollar stores in the United States.
Question 6: What is Family Dollar known for?
Answer 6: Family Dollar is known for its wide selection of merchandise at low prices.
Question 7: Is Family Dollar a Fortune 500 company?
Answer 7: Yes, Family Dollar's parent company, Dollar Tree, Inc., is a Fortune 500 company.
Question 8: Is Family Dollar the largest discount retailer in North America?
Answer 8: Yes, Family Dollar's parent company, Dollar Tree, Inc., is the largest discount retailer in North America.
Question 9: What are the hours of operation for Family Dollar stores?
Answer 9: Family Dollar store hours vary by location. However, most stores are open from 9am to 9pm, seven days a week.
Question 10: Does Family Dollar accept coupons?
Answer 10: Yes, Family Dollar accepts coupons.
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These are just a few of the frequently asked questions about Family Dollar. For more information, please visit the Family Dollar website or contact your local store.
Now that you know more about Family Dollar, here are some tips for shopping at the store:
Tips
Here are some tips for shopping at Family Dollar:
Tip 1: Sign up for the Family Dollar Rewards program.
The Family Dollar Rewards program is a free loyalty program that allows you to earn points on every purchase. You can redeem your points for discounts on future purchases.
Tip 2: Use coupons.
Family Dollar accepts coupons, both manufacturer coupons and Family Dollar coupons. You can find Family Dollar coupons in the weekly circular, on the Family Dollar website, and in coupon apps.
Tip 3: Shop the clearance section.
Family Dollar has a clearance section where you can find items that are marked down up to 50% off. The clearance section is a great place to find bargains on items like seasonal items, overstock items, and discontinued items.
Tip 4: Take advantage of special sales and promotions.
Family Dollar frequently runs special sales and promotions. These sales and promotions can offer significant discounts on a variety of items. You can find information about current sales and promotions in the weekly circular, on the Family Dollar website, and in the Family Dollar app.
Tip 5: Bring your own bags.
Family Dollar charges a small fee for bags. If you bring your own bags, you can avoid this fee.
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By following these tips, you can save money and get the most out of your shopping experience at Family Dollar.
Family Dollar is a great place to find everyday items at low prices. With its wide selection of merchandise, convenient locations, and helpful staff, Family Dollar is a popular choice for shoppers who are looking for a good deal.
Conclusion
Family Dollar is a leading discount retailer in the United States. The company was founded in 1959 by Leon Levine, and it is now owned by Dollar Tree, Inc. Family Dollar has over 8,000 stores in 46 states, and it is the largest discount retailer in North America.
Family Dollar is known for its wide selection of merchandise at low prices. The company sells everything from food and household items to clothing and toys. Family Dollar also has a strong focus on customer service, and its employees are known for being friendly and helpful.
Family Dollar is a great option for shoppers who are looking for a good deal. The company's low prices and wide selection of merchandise make it a popular choice for families and individuals on a budget.
Closing Message:
Whether you're looking for everyday items or something special, Family Dollar is sure to have what you need at a price you can afford. So next time you're looking for a great deal, be sure to check out Family Dollar.