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‘Staff Quit. Y’all Be Easy’: Employees At Family Dollar In Garfield Quit In Protest

PITTSBURGH (KDKA) — A message was posted on the door of the Family Dollar in Pittsburgh’s Garfield neighborhood.

“Staff quit. Y’all be easy,” the note read.

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The sign wasn’t on the door when KDKA showed up on Wednesday, and the store was open with one only worker inside manning the registers. She said she was called in to cover from the McKees Rocks store, but then she locked the doors up and went home, which caused quite a stir in the neighborhood.

(Photo Credit: Dodi Byrne)

“I’m very upset,” said customer Emma Porco. “During the past several months, it’s just been on a steady decline.”

Garfield resident Dodi Byrne went to Family Dollar on Penn Avenue on Tuesday, only to find the note on the door.

KDKA’s Amy Wadas: What went through your mind when you saw the sign yesterday?

Byrne: Oh no, not again.

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“It’s been kind of shaky where it’s hit or miss if they’re going to be open when you come over because they’ll say they don’t have enough staffing,” Byrne added.

Former manager Heather Berry was one of the workers who walked off the job.

“There are no employees,” said Berry. “One-hundred-five hours every week. It’s too much, and he wanted me to be here by myself running two registers. This is a high-volume store.”

The “he” Berry is talking about is her district manager. She said she was going to wait out her two weeks’ notice but decided she couldn’t take it anymore due to a lack of staffing and mistreatment. Berry said she and the store’s only other worker quit.

“It was about 102 degrees in there. When we got the storm the other day, the power went out and they wanted me to hold tight until the power came back on. The power didn’t come back on until noon the next day,” said Berry. “This company is very hard to work for.”

KDKA reached out to Family Dollar’s corporate office for a comment on the situation. They sent KDKA a statement saying, “Our Garfield neighborhood store is open for business. We are not able to comment on the employment actions or status of individuals out of respect for their privacy.”

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The store has reopened​, and there are “Now Hiring” signs posted.

Sours: https://pittsburgh.cbslocal.com/2021/06/16/employees-at-family-dollar-in-garfield-walk-out-on-job-in-protest/

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Description

Your favorite ways to save. Now in one place.

- Digital Coupons – Save on hundreds of items every week.

- DG Pickup - Dollar General’s buy online pickup in store program.

- Cart Calculator – In-store budgeting that helps you save as you shop.

- Shopping List – Keep your checklist and add coupons.

- Weekly Ads – See what’s on sale at your store.

- DG GO!* - A quicker, scan-and-go checkout option.

*Available in select stores only.

Version 7.19.0

We’ve added the ability for users to provide additional criteria to personalize offers and experiences. You simply go to the account section and update preferences.

Ratings and Reviews

4.8 out of 5

157.6K Ratings

Great tool!

Update:
Issue stated before has been fixed. Very happy with app, only issue now is the terrible wifi service in the store. Please make it better. Thanks!

I love this app! You are able to scan items in store and check prices, you can see what coupons (if any) attach to the product in question and you can create a shopping trip list in the app for your next trip! The only problem I have with the app (that I’ve had for months) is that I am not able to set my store as “my store” in the app. The app gives me options on what stores are available but it doesn’t show the store that’s closest to me. I’ve logged in and out and still no change. This becomes troublesome when I need to check prices on items and have to guess if that’s the correct price for my specific store. I’ve emailed support on the app and just received a generic email and never heard back from anyone. Can you look into this and please let me know what’s going on? Otherwise, I’m very happy with Dollar General and the app and will continue shopping there.

The new update is garbage

People have been relentlessly asking for a “clip all” button for your digital coupons. Evidently complaining in the store surveys does nothing so maybe here will work. The new update is slow and glitchy and has made clipping EVEN FREAKING SLOWER and still doesn’t have a clip all button. Trash. Family Dollar is run way better. Right now it says that I have $6 in coupons to clip. However, when I go to clip, it shows none. It loads slow, it constantly glitches out and says try again later. It’s awful and I’m considering taking my business elsewhere where the digital coupons actually work. Like Family Dollar. The entire company is becoming garbage. They don’t respond to complaint emails. They don’t respond to complaints sent through the surveys on the receipts. They don’t respond to the “contact us” on their website, and they don’t respond to phone calls to corporate. This app sent me 36 NOTIFICATIONS IN 20 MINUTES all saying the same thing. I had to file criminal harassment charges on one of their store manager’s because of an incident in one of their stores and STILL no district manager or anyone from corporate will contact me.

And yes, I would like to clip all the coupons available because sometimes there are coupons that I didn’t know were there and I get a surprise at the register with an extra coupon discount. Everyone I know with the app, clips all. However, even a clip all for each category would be better than nothing.

Hello. Thank you for your feedback. We are always looking for customer feedback on how to better the mobile application. We will look into potentially adding this feature however at any given time there is over 150+ coupons. Would you want to be able to clip all 150+ coupons or would you perhaps like to be able to clip a specific category or coupons? We would love any additional feedback. Thank you!

Ugh

Why is it we need to reset our password when you updated this account? Why is it we just can’t enter a phone number and get into it?! Furthermore can’t you make it to where you can scan an item to see if it matches the coupons on your app?....many times I have bought the item and it won’t or didn’t take the coupon off because item didn’t match!!!! Really need to work on this app because dollar general is my goto spot but am beginning to think I need to goto family dollar because their app is so much better and I never get a please try again when I am looking at their coupons would also be nice if you could make it to where we can remove a coupon that we accidentally clipped!!! Just tired of recovering my account because you updated it, my husband can’t even get into his account because the email he had got compromised and it won’t even let him into his account so he’s down his app because he had to relog into it and since he don’t have that email anymore he can’t use his app or the coupons he wants thanks!!

Thank you for your feedback. We are always looking to add additional features to the mobile application that will better the user experience. We really appreciate your feedback.

The developer, Dolgencorp, LLC, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy.

Data Used to Track You

The following data may be used to track you across apps and websites owned by other companies:

Data Linked to You

The following data may be collected and linked to your identity:

  • Financial Info
  • Contact Info

Data Not Linked to You

The following data may be collected but it is not linked to your identity:

  • Identifiers
  • Usage Data
  • Diagnostics

Privacy practices may vary, for example, based on the features you use or your age. Learn More

Information

Seller
Dolgencorp, LLC

Size
214.6 MB

Category
Shopping

Compatibility
iPhone
Requires iOS 10.0 or later.
iPod touch
Requires iOS 10.0 or later.

Age Rating
12+ Infrequent/Mild Mature/Suggestive ThemesInfrequent/Mild Alcohol, Tobacco, or Drug Use or References

Copyright
© 2018 Dollar General Corporation

Price
Free

Supports

  • Family Sharing

    With Family Sharing set up, up to six family members can use this app.

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Sours: https://apps.apple.com/us/app/dollar-general/id561311442
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Dollar Tree announces new locations including plan for Family Dollar combination stores

PHILADELPHIA -- Dollar Tree said Wednesday that it will open 600 new stores this year, continuing dollar store chains' torrid growth across the United States.

The announcement comes as the pandemic has taken a toll on many retailers and forced thousands of stores to close. But dollar stores have surged as economically-strapped customers seek out bargains on food, household essentials and other items. Dollar Tree said Wednesday that sales at stores open for at least one year increased 4.9% during the 13 weeks ending Jan. 30, compared with the same stretch a year ago.

The company, which also owns the Family Dollar chain, will open 400 Dollar Tree stores and 200 Family Dollar stores this year. The two chains combined have nearly 15,700 US locations and last year opened around 400 stores.

Dollar Tree has a treasure hunt-like atmosphere in stores and caters to suburban, middle-income shoppers. It carries primarily seasonal goods, toys, stationary, home decor, kitchenware, and party items. Family Dollar is tailored to lower-income shoppers in rural and urban areas, and stocks more food and household basics than Dollar Tree.

All products at Dollar Tree sell for $1, although the chain is testing out a new initiative to sell select products from $1 to $5. Family Dollar sells most of its merchandise at various prices under $10.

New "combination" stores coming
Dollar Tree has lagged rival Dollar General in recent years. Dollar General has been opening roughly 1,000 stores a year and now has upwards of 16,000 US locations. The company caters mainly to low-and-middle-income customers in rural and suburban areas.

Dollar Tree announced a plan Wednesday to crack the rural market by opening 50 new "combination stores" that feature elements of Dollar Tree and Family Dollar outlets and sell a mix of merchandise - Dollar Tree's typical $1 seasonal items plus Family Dollar's food and essentials for more than $1.

The concept is targeted at towns with 3,000 to 4,000 people, and Dollar Tree sees an opportunity to open around 3,000 of these stores.

Analysts say the new concept combines the appeal of both chains into one store.

"Dollar Tree generally has a better customer perception so it helps to brand the store with that banner, but the markets the company is targeting seem best served by Family Dollar," Joseph Feldman, analyst at Telsey Advisory Group, said in an email. "The small markets Dollar Tree is targeting are underserved, which is why they are going after them."

Dollar General, meanwhile, is testing a new store concept of its own: Popshelf. The new stores feature a range of home and beauty goods, the majority of which will be priced around $5. Popshelf stores target women in suburban areas that earn between $50,000 and $125,000 a year.

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Sours: https://6abc.com/dollar-tree-new-stores-family-outlets-store-opening-general/10388063/

More items at Dollar Tree will cost more than $1 as retailer grows selection, combats inflation

Better bring more than a dollar the next time you go shopping at Dollar Tree.

The discount retailer plans to transform more of its locations into Dollar Tree Plus stores with products also priced at $3 and $5. And standard Dollar Tree stores will also begin testing price points above $1.

The Chesapeake, Virginia-headquartered company, which has more than 15,800 Dollar Tree, Family Dollar and Dollar Tree Canada stores across 48 states and five Canadian provinces, began testing some prices above $1 two years ago. 

Based "on positive customer reaction" to its Dollar Tree Plus stores – where products at higher price points have been tested – the company said Tuesday it plans to have 500 Dollar Tree Plus stores by the end of 2021 and another 1,500 next year. At least 5,000 Dollar Tree Plus stores are expected by the end of 2024.

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Products priced at $3 and $5 will be a wide variety of discretionary products including arts and crafts, sports, home decor, apparel, and holiday and seasonal items, the company says.

Discount retailer Dollar Tree plans to also start selling products priced at $3 and $5 at more of its stores.

“For decades, our customers have enjoyed the ‘thrill-of-the-hunt’ for value at one dollar – and we remain committed to that core proposition – but many are telling us that they also want a broader product assortment when they come to shop," Dollar Tree CEO and president Michael Witynski said in a statement. "We believe testing additional price points above $1 for Dollar Tree product will enable us over time to expand our assortments, introduce new products and meet more of our customers’ everyday needs.”

Shares of Dollar Tree rose 16% Wednesday to more than $100; the company's stock is down 6% for the year. 

The company's $1 price point for most products has been especially challenged with supply chain issues and "higher freight costs and other inflationary pressures," Witynski said during the company's second quarter earnings call last month. 

Dollar Tree, which acquired rival Family Dollar for $9.2 billion in 2015, will also be expanding its combo stores, which share Dollar Tree and Family Dollar branding.  Combo stores will expand from the current 105 to more than 500 by the end of 2022, and up to 3,000 over the next several years, the company said.

Currently, the company operates more than 7,900 Dollar Tree stores.

“Our brand promise is that customers get great value for what they spend at Dollar Tree," Witynski said. "We will continue to be fiercely protective of that promise, regardless of the price point, whether it is $1.00, $1.25, $1.50.”

Follow Mike Snider on Twitter: @MikeSnider.

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Sours: https://www.usatoday.com/story/money/shopping/2021/09/29/dollar-tree-prices-rising-family-dollar-stores/5914780001/

Near me family.dollar

Sandra Beadling was fed up with the 70-hour workweeks, the delivery trucks running days behind schedule, and the wear and tear on her knees from all the stooping to restock the bottom shelves.

The manager of the Dollar General store in Wells, Maine, Ms. Beadling, 54, had tried to hire more help. But that was a tough sell when Walmart was offering $16 an hour and her store was paying $12.

Ms. Beadling had spent long stretches this summer as one of only a few workers in the store, tending to the register and trying to help shoppers. She had pleaded with her managers to allow the store’s part-time workers to have more hours, but to no avail.

One night last month, Ms. Beadling closed up the Dollar General at 10, got home at 11:30 and then left her house at 4 a.m. to be back at the store for an inventory check. “I was so tired I couldn’t find words,” she said. She sent her assistant manager a text saying she had quit and then blocked her co-workers’ numbers so they couldn’t call back and persuade her to stay.

“It wasn’t sustainable,” Ms. Beadling said.

Some wonder whether the same can be said for the unbridled success of dollar stores and their business model, which has benefited from the prevalence of poverty and disinvestment in the inner cities and rural America. Dollar stores, which pay among the lowest wages in the retail industry and often operate in areas where there is little competition, are stumbling in the later stages of the pandemic.

Sales are slowing and some measures of profit are shrinking as the industry struggles with a confluence of challenges. They include burned-out workers, pressure to increase wages, supply chain problems and a growing number of cities and towns that are rejecting new dollar stores because, they say, the business model harms their communities.

Just this week, Dollar Tree, which also operates Family Dollar stores, said it would start selling more products above $1. The move has broad significance beyond the discount retail industry, analysts say, because it signals that a company that has built its brand on selling $1 merchandise feels the need to shift its model to account for higher wages and an unreliable supply line from Asia.

“It means these issues may be permanent,” said Scott Mushkin, a founder and an analyst at R5 Capital, a research and consulting firm focused on retail.

Image

The troubles follow a year of soaring profits and a period of staggering growth in the industry. Roughly one in every three stores that have been announced to open in the United States this year is a dollar store, according to Coresight Research, a retail advisory firm, a sign of how well the industry did in 2020.

The business model, which relies on relatively cheap labor and inexpensive goods, is designed to flourish even when its core customers are hurting financially. The strategy was honed during the high unemployment and wage stagnation of the Great Recession of 2008.

But dollar stores are not as well equipped for the surreal economy of today, when workers like Ms. Beadling are quitting in protest and a single coronavirus case on a container ship can cause a two-month delay in getting Chinese-made merchandise to the United States.

“This is another case of the pandemic laying bare the underlying vulnerabilities in how we’ve set up our economy,” said Stacy Mitchell, co-director of the Institute for Local Self-Reliance, an advocacy group that is critical of many large corporate retailers.

While just about every retailer is dealing with shipping and distribution problems, the dollar stores may have difficulty passing on the increased costs to price-sensitive customers.

Dollar Tree said it expected as much as $200 million in additional freight costs this year.

In an August conference call with analysts, Dollar Tree’s chief executive, Michael Witynski, recounted how one of the shipping vessels the company had chartered was denied entry to a Chinese port after a crew member tested positive for the virus. The ship had to change crews in Indonesia before returning to China.

Mr. Mushkin said of Dollar Tree: “They have everything going the wrong way.”

Dollar General said it had hired 50,000 additional workers between mid-July and Labor Day, but acknowledged in August that its labor costs were adding to expenses. Analysts say some of these additional expenses are driven by the pressure to raise wages.

Still, the higher pay may not be enough to encourage employees to stay on the job. Workers say the stores are chronically understaffed and rely on part-time workers who are given unpredictable schedules and cannot afford the required employee contribution for health care benefits.

In a statement, Dollar General said, “We pay competitive wages, which are determined based on several factors including the relevant labor market.” The company added that “our operating standards are designed to provide stores with sufficient labor hours, and it is not our expectation that store managers should work 70 to 80 hours per week.”

Part-time workers sometimes encounter the opposite problem of not having enough work. As a store manager, Ms. Beadling said, she was constantly trying to find additional hours to give to her employees who needed the money, including one worker who was living in a tent because she couldn’t afford rent.

But the allotted hours for the store were limited by higher-up managers, she said.

This summer, social media buzzed with photos of dollar stores, from Lincoln, Neb., to Pittsburgh and beyond, where employees had taped up signs in the front door announcing that they had walked off the job.

“Capitalism will destroy this country,” read one sign in the window of a Dollar General in Eliot, Maine, this spring. “If you don’t pay people enough to live their lives, why should they slave away for you?”

Paige Murdock, a manager of the Eliot store, was the first to quit. The company limited the hours she could give to her staff, she said, which often meant she was running the store short-handed.

She went weeks without getting a day off or seeing her family but, as a salaried employee, did not receive overtime pay. When a manager said Ms. Murdock, 44, couldn’t take her previously approved vacation week to help her daughter, who is in the military, move to Texas, she decided to quit.

“If you look at my résumé, I am a very loyal employee,” Ms. Murdock said. “I will work my heart out. All the other jobs I left I would give two weeks’ notice. I don’t call out. I don’t ask for much.”

Mr. Murdock now works in a warehouse for a coffee company and picks up delivery jobs at DoorDash to fill in the gaps.

In its statement, Dollar General said its manager turnover “has been at historically low levels over the past few years.”

Chris Burton started working at a Dollar General in New Orleans in the spring of 2020, earning $10 an hour. A saxophonist, he took the job because his work as a substitute teacher and his musical performances had been put on hold during the pandemic. More than a year later, his hourly pay has nudged up only to $11.

“Walmart will move you up to $15 much faster,” said Mr. Burton, 34, who works with Step Up Louisiana, a labor advocacy group that has been pushing for improved working conditions in dollar stores. “But Dollar General is never going to pay as much as Walmart. That’s how they keep their prices lower. It’s basic economics.”

Wall Street is also taking note of the low pay and the complaints from employees about working conditions.

“We regularly see shelves that are stocked in a disorganized manner,” said Brad Thomas, an analyst at KeyBanc Capital Markets. “As a retail analyst that indicates that the store doesn’t have enough labor or the right labor.”

Mr. Mushkin of R5 Capital said other major retailers had responded faster to the changing labor conditions by raising wages when their sales were booming last year. Those early moves resulted in a smaller hit to their bottom line than what the dollar stores are experiencing.

“We provide our associates with flexible schedules and market-competitive pay, and in all cases, we are at or above minimum wage in the markets we operate in,” Dollar Tree said in a statement.

Political attitudes toward dollar stores in some communities are also shifting. Since the start of the pandemic, nearly three dozen communities have passed limits on dollar store developments or rejected stores outright, according to the Institute for Local Self-Reliance.

The dollar stores say those are the exceptions. “We are always disappointed when local lawmakers choose to limit our ability to serve their community, but these relatively few situations have not materially impaired our ability to grow,” Dollar General said.

The company added, “We provide our customers with convenient access to essential items and quality brands they want and need, including components of a nutritious meal,” including fresh produce, which is being offered in an increasing number of stores.

Although the opposition hardly makes a dent in the more than 1,620 dollar stores slated to open this year, some measures have happened in major markets such as the Atlanta area and Cleveland, and in small towns like Warrensburg, N.Y.

There has been considerable opposition on Warrensburg’s governing board to a Dollar General that was proposed to be built on Main Street.

Bryan Rounds, a member of the board, said Warrensburg, in the southern Adirondacks, had long been mostly a “drive-through town” on the road to lakeside camps or ski slopes farther north. But during the pandemic, Warrensburg, like many rural areas, became a popular spot for Airbnb rentals.

“Things are happening around here,” Mr. Rounds said. “We don’t need one of these stores.”

Sours: https://www.nytimes.com/2021/09/30/business/dollar-stores-struggling-pandemic.html
FAMILY DOLLAR CLEARANCE!!!! SHOES + CLOTHES JUST $3 AND UNDER!!!

Family Dollar

American retailer

Family Dollar logo.svg
Family Dollar, Inner Perimeter Road, Valdosta.JPG

Family Dollar store in Valdosta, Georgia

TypeSubsidiary
IndustryRetail, Variety, Discount
Founded1959; 62 years ago (1959)
Charlotte, North Carolina, U.S.
FounderLeon Levine

Number of locations

8,200 [1]

Area served

United States

Key people

Gary Philbin, President & CEO
Howard R. Levine, Chairman
ProductsClothing, cleaning supplies, home decor, and grocery.
RevenueIncreaseUS$ 10.489 billion (2014)

Net income

DecreaseUS$ 284.5 million (2014)
Total assetsIncreaseUS$ 3.857 billion (2014)

Number of employees

60,000 (2015)
ParentDollar Tree (2015–present)
WebsiteFamilyDollar.com

Family Dollar is an American variety store chain. With over 8,000 locations in all states except Alaska, Hawaii, Oregon and Washington, it was the second largest retailer of its type in the United States until it was acquired by Dollar Tree in 2015 and its headquarters operations were moved from Matthews, a suburb of Charlotte, North Carolina, to Chesapeake, a suburb of Norfolk, Virginia.[2]

In June 2014, activist investor and major shareholder[3]Carl Icahn demanded that Family Dollar be immediately put up for sale.[4]

On July 28, 2014, Dollar Tree announced that it would buy Family Dollar for $8.5 billion.[5][6] The sale delivered a windfall to the company's biggest shareholder Carl Icahn, who acquired his 9.4 percent stake in June 2014.[7] On January 22, 2015, Family Dollar shareholders approved the Dollar Tree bid.[8]

History[edit]

Family Dollar was founded in 1959 by Leon Levine, a 21-year-old entrepreneur.[9] In November of that year, the company's first store was opened, in Charlotte, North Carolina.[10] In 1961, their first store in South Carolina opened, followed by stores in Georgia and Virginia, which were opened in 1962 and 1965, respectively. During the 1960s, the store company was largely a southern United States operation. By 1969, there were fifty stores in Charlotte alone.

The 1970s were growing years for the store chain. In 1970, Family Dollar's stock went public for the first time, at $14.50 per share.[11] In 1971, the chain's 100th store opened, followed by their 200th in 1974 and their 300th in 1978. Also in 1974, a distribution center was opened in Matthews, North Carolina. In 1979, Family Dollar stock began trading at the New York Stock Exchange.

In 1981, the chain's 400th store was opened, followed by a 500th store in 1982 and a 700th in 1983. The 1980s saw expansion at a wider scale for the company, and by 1989, 1,500 stores were operating.

The 1990s saw the pace of expansion slow down compared to the 1980s, with 1,000 stores opened. The company opened distribution centers in West Memphis, Arkansas; Front Royal, Virginia and Duncan, Oklahoma. Since 2000, the pace of growth increased significantly, with the addition of about 3,500 new stores, and new distribution centers opening in Morehead, Kentucky; Maquoketa, Iowa; Odessa, Texas; Marianna, Florida; and Rome, New York.

In 2001, Family Dollar joined the S&P 500stock market index.[12] In 2002, the company joined the Fortune 500 list of largest publicly held companies.[13]

When Leon Levine retired in 2003, his son Howard R. Levine succeeded him as Chairman and CEO, keeping this multibillion-dollar company in the family.

In March 2005, Family Dollar restated the company's fiscal 2000 to fiscal 2004 earnings per share downward by 2 cents to 3 cents a year, to correct lease-accounting issues.[14]

As of August 2011, there were 7,000 stores in 44 states.[15] According to their website in 2005, Family Dollar opened 500 new stores, 350 more in 2006, and an additional 300 in 2007. According to the Company's 2013 Corporate Profile in 2010, Family Dollar opened 200 new stores, 300 more in 2011, 475 in 2012, and an additional 500 in 2013. On October 3, 2012, Family Dollar said they will open 500 stores in 2013.[16] The next day, Family Dollar partnered with Healthways.[17] Family Dollar operates 11 distribution centers - the latest of which opened in St. George, Utah on October 16, 2013.[18]

Selling pressure[edit]

In March 2011, Family Dollar rejected a takeover offer by Nelson Peltz's Trian Fund Management reportedly between $55 and $60 a share.[19]

On June 6, 2014, activist investor Carl Icahn disclosed that his firm, Icahn Enterprises, held a 9.4% stake in Family Dollar.[3][20] On June 19, 2014, Icahn demanded in an open letter that Family Dollar be put up for sale immediately.[2][4]Goldman Sachs and other analysts had identified a number of potential buyers.[21][22]

As of June 19, 2014, 22% of Family Dollar's shares were controlled by activist investors.[2]

Acquisition by Dollar Tree[edit]

On July 28, 2014, Dollar Tree announced that it would acquire Family Dollar for $74.50 per share, a deal valuing Family Dollar at $8.5 billion, and that Dollar Tree would also assume $1 billion in debt currently owed by Family Dollar, for a total of $9.5 billion.[5][23] Dollar Tree CEO Bob Sasser said that Family Dollar CEO Howard R. Levine will remain with the company following the merger and will be appointed to Dollar Tree's board of directors.[6]Dollar General entered the bidding, shortly thereafter, surpassing Dollar Tree's offer on August 18, 2014,[24] $78.50 a share compared to Dollar Tree's offer of $74.50 a share. The enterprise value of the Dollar General bid was $9.7 billion compared to that of Dollar Tree of $9.2 billion, while the quantum return to shareholders was varying as the stock and cash deal valuation was subjected to fluctuations of price of the competing bidders stock. On August 20, 2014, Family Dollar rejected the Dollar General bid, saying it was not a matter of price, but concerns over antitrust issues that had convinced the company and its advisers that the deal could not be concluded on the terms proposed.[7] Days after, Dollar General CEO Rick Dreiling sent a letter to the Family Dollar board of directors claiming that Levine rejected merger requests to protect his job.[25] Levine, in a statement, said the Family Dollar board had been analyzing potential antitrust issues that could arise from doing a deal with Dollar General since the start of the year, and that was the reason it was not accepting the Dollar General bid.[7]

On January 22, 2015, Family Dollar shareholders approved the Dollar Tree bid.[8]

Several stores were required to be sold as a condition of the sale. Sycamore Partners acquired the stores in 2014 under the corporate name Dollar Express. The stores continued to operate under the Family Dollar name. In 2017, Dollar General acquired Dollar Express and converted the stores.[26]

As a result of Family Dollar's sale to Dollar Tree, some Family Dollar stores have opened in the same plaza, and at times even next door to Dollar Tree locations.[27] On March 6, 2019, the retailer announced that it will close up to 400 stores nationwide due to heavy pressure from an activist investor. Most store locations were either shut down entirely or replaced with Dollar Tree stores.[28]

The company has deployed a newer store format known as "H2" in new and renovated locations, which have a larger focus on groceries and incorporate Dollar Tree merchandise.[29] The company has also deployed co-branded Family Dollar/Dollar Tree stores in smaller markets.[30]

References[edit]

  1. ^https://www.vault.com/company-profiles/retail/family-dollar-stores-inc
  2. ^ abcKilgore, Tomi. "Dollar Tree to close Family Dollar HQ, offer relocation to 700 employees". MarketWatch.
  3. ^ ab"fdosch13d060614.htm". www.sec.gov. Retrieved 2018-07-18.
  4. ^ ab"fdosch13damd10619ex1.htm". www.sec.gov. Retrieved 2018-07-18.
  5. ^ abKumar, Devika Krishna. "Dollar Tree to buy Family Dollar to stave off competition". U.S. Archived from the original on July 28, 2014. Retrieved 2018-07-18.
  6. ^ ab"Charlotte region loses corporate headquarters in Family Dollar buyout". The Charlotte Observer. Archived from the original on 2014-07-28. Retrieved 2014-07-28.
  7. ^ abc"Family Dollar rejects $9.7 bn acquisition bid by Dollar General". Charlotte News.Net. 21 August 2014. Retrieved 22 August 2014.
  8. ^ abRamakrishnan, Sruthi; Otterbourg, Ken (January 22, 2015). "Family Dollar shareholders approve Dollar Tree deal". Reuters. Archived from the original on January 22, 2015. Retrieved January 22, 2015.
  9. ^"Family Dollar Stores - North Carolina History Project". North Carolina History Project. Retrieved 2017-03-04.
  10. ^"The History of Family Dollar Stores". Our State Magazine. 2013-07-31. Retrieved 2019-09-27.
  11. ^"EX-99.2". www.sec.gov. Retrieved 2019-09-27.
  12. ^Herald-Leader, DAVID NAMANNY Bellevue. "Family Dollar Opens". Bellevue Herald Leader. Retrieved 2019-09-27.
  13. ^"Family Dollar Stores". North Carolina History Project. Retrieved 2019-09-27.
  14. ^"Family Dollar's Quarterly Income Falls". Archived from the original on 2013-11-05.
  15. ^"Family Dollar adds executive post for foods". Charlotte Business Journal. Retrieved 2019-09-30.
  16. ^"Family Dollar to accelerate store growth". Drug Store News. October 3, 2012. Archived from the original on November 16, 2012. Retrieved October 4, 2012.
  17. ^"Family Dollar Announces Partnership with Healthways to Improve Team Members' Health and Well-Being". DailyFinance. Archived from the original on September 23, 2015. Retrieved October 4, 2012.
  18. ^October 16, hudrockson; Reply, 2013 at 12:20 pm Log in to. "Family Dollar to celebrate grand opening of St. George distribution center". Retrieved 2019-09-27.
  19. ^Burritt, Chris (March 3, 2011). "Family Dollar Rejects Buyout Offer From Peltz's Trian, Adopts Poison Pill". Bloomberg.
  20. ^"Family Dollar - Family Dollar Comments on Icahn Letter". Archived from the original on 2014-07-07. Retrieved 2014-06-21.
  21. ^"Family Dollar (FDO) Has Large Number of Potential Suitors, Says Goldman Sachs". StreetInsider.com.
  22. ^"Icahn's Sale Urgency Isn't Family Dollar's First Rodeo". Yahoo Finance. 20 June 2014.
  23. ^"Battle for Poor Shoppers Fuels Dollar-Store Deal". Wall Street Journal. 28 July 2014.
  24. ^Davidson, Paul; Shell, Adam. "Dollar General offers $9.7B for Family Dollar". The USA Today. Retrieved 18 August 2014.
  25. ^Banjo, Shelly. "Family Dollar CEO Said to Reject Merger Requests to Protect Job". The Wall Street Journal. Retrieved 22 August 2014.
  26. ^"Dollar Express Chain Sells Out To Competitor Dollar General After 1.5 Years". Consumerist. 2017-04-04. Retrieved 2017-12-23.
  27. ^Berke, Ben. "Another day, another dollar store in Stoughton". The Enterprise, Brockton, MA. Retrieved 2020-10-20.
  28. ^"Family Dollar will close nearly 400 stores". WCPO. March 6, 2019.
  29. ^Mar. 07, Greg Lindenberg on; 2019. "Dollar Tree to Close, Rebrand Hundreds of Family Dollar Stores". Winsight Grocery Business. Retrieved 2021-08-14.CS1 maint: numeric names: authors list (link)
  30. ^Mar. 03, Jon Springer on; 2021. "Dollar Tree Lauds Rollout of Dual-Branded Combo Stores". Winsight Grocery Business. Retrieved 2021-08-14.CS1 maint: numeric names: authors list (link)

External links[edit]

Sours: https://en.wikipedia.org/wiki/Family_Dollar

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With this word, they contemptuously called future candidates for husbands.



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