Content about Howard Levine

July 28, 2014

Dollar Tree said it would acquire Family Dollar in a transformational cash and stock deal valued at $8.5 billion to create a company with more than 13,000 stores and annual sales of $18 billion.

June 20, 2014

Just two weeks after Family Dollar adopted a “poison pill” shareholder’s rights plan, billionaire investor Carl Icahn, who recently disclosed he has a 9.4% stake in the discount retailer, has fired back.

January 9, 2014

The search is on for a new president and COO at Family Dollar following the resignation of Michael Bloom amid deteriorating financial results and a 3% same store sales decline in December.

January 9, 2014

Former Sam’s Club merchant Jason Reiser just got his second promotion in seven months at Family Dollar and now the newly anointed chief merchandising officer has to restore sales growth at the retailer’s 8,000 stores.

April 10, 2013

Family Dollar Stores reported a net sales increase of 17.7% to $2.89 billion for its second quarter. Net income per diluted share for the quarter increased 5.2% to $1.21.

January 3, 2013

Despite solid sales trends at Family Dollar during the company’s first quarter ended November 24, margins contracted and profits were less than expected.

October 3, 2012

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

April 10, 2012

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

December 19, 2011

Family Dollar Stores on Monday named Paul White to the position of EVP and chief merchandising officer.

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.

September 28, 2011

Family Dollar Stores 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 over 1,000 locations.

June 29, 2011

Increased customer traffic during Family Dollar’s third quarter may have helped the company produce a 4.7% same-store sales increase, however earnings per share that advanced 18.2% to 91 cents were four cents shy of analysts’ consensus estimate of 95 cents.

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.

March 14, 2011

Family Dollar today showed why dollar stores are such a hot commodity right now by reporting a comparable-store sales increase of 5.1% for the second quarter ended Feb. 26.

January 5, 2011

An expanding number of consumers in search of value and an improved shopping experience at Family Dollar propelled the company to its strongest first-quarter same-store sales increase in 12 years, but profits for the period and the earnings outlook were below analysts’ estimates.

September 29, 2010

MATTHEWS, N.C. - Family Dollar Stores reported that net income per diluted share for the year ended Aug. 28, increased 26.6% to $2.62 compared with $2.07 for the year ended August 29, 2009.

September 28, 2010

Family Dollar Stores reported that net income per diluted share for the year ended Aug....

September 1, 2010

Family Dollar Stores reported that net sales for the fourth quarter ended Aug. 28, increased...

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