{"id":3519,"date":"2014-01-27T11:51:59","date_gmt":"2014-01-27T11:51:59","guid":{"rendered":"http:\/\/newsroom.chainstoreguide.com\/?p=3519"},"modified":"2014-01-27T11:51:59","modified_gmt":"2014-01-27T11:51:59","slug":"company-snapshot-family-dollar-jan-2014","status":"publish","type":"post","link":"https:\/\/www.chainstoreguide.com\/offthechain\/2014\/01\/company-snapshot-family-dollar-jan-2014\/","title":{"rendered":"Company Snapshot: Family Dollar &#8211; Jan 2014"},"content":{"rendered":"<p><span style=\"text-decoration: underline;\"><strong>Even After Historic Growth, Family Dollar Loses Its Bloom<\/strong><\/span><\/p>\n<p><strong>Address:<\/strong><br \/>\n10401 Monroe Rd.<br \/>\nMatthews, NC, 28105<\/p>\n<p><strong>Telephone:<\/strong><br \/>\n704 847-6961<\/p>\n<p><strong>Year Founded:<\/strong><br \/>\n1959<\/p>\n<p><strong>Total Stores:<\/strong><br \/>\n8,041<\/p>\n<p><strong>Total Annual Sales:<\/strong><br \/>\n$ 10,391,457,000<\/p>\n<p><strong>Senior Executives:<\/strong><br \/>\nHoward\u00a0R.\u00a0Levine- Chairman of the Board, CEO<\/p>\n<p>&nbsp;<\/p>\n<p>Until recently the Senior Executive list above had included corporate number two, now former President and COO, Michael Bloom.\u00a0 It had been expected that Bloom was being groomed to succeed Howard\u00a0Levine on his eventual retirement.\u00a0 This succession was seen as no small event as Levine is the son of company founder and visionary Leon Levine.<\/p>\n<p>After years of increasingly aggressive growth, despite and in some ways due to the recession, recent profits and customer traffic numbers have proven disappointing.\u00a0 Meanwhile arch competitor Dollar General\u2019s profits have jumped by double digits.<\/p>\n<p>After Mr. Bloom\u2019s departure, Howard Levine was quite clear that the two company leaders had a strong difference of opinion on the direction the company\u2019s merchandising efforts should take.\u00a0 Perhaps the proud Levine wants to be certain that the successor to his father\u2019s throne needs to be time tested as a corporate and family fit and that the company\u2019s performance under the Bloom stewardship was less than totally exemplary.<\/p>\n<p>2013 was a historic year for Family Dollar.\u00a0 Here the company announced its first fiscal year of annual sales topping $10 billion.\u00a0 Then the company\u2019s store count grew to exceed 8,000.\u00a0 The next corporate number two will entertain a challenge nearing perfection.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Even After Historic Growth, Family Dollar Loses Its Bloom Address: 10401 Monroe Rd. Matthews, NC, 28105 Telephone: 704 847-6961 Year Founded: 1959 Total Stores: 8,041 Total Annual Sales: $ 10,391,457,000 Senior Executives: Howard\u00a0R.\u00a0Levine- Chairman of the Board, CEO &nbsp; Until recently the Senior Executive list above had included corporate number two, now former President and&hellip; <a class=\"more-link\" href=\"https:\/\/www.chainstoreguide.com\/offthechain\/2014\/01\/company-snapshot-family-dollar-jan-2014\/\">Continue reading <span class=\"screen-reader-text\">Company Snapshot: Family Dollar &#8211; Jan 2014<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"post-template-no-sidebar.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[15],"class_list":["post-3519","post","type-post","status-publish","format-standard","hentry","category-discount-specialty","tag-snapshot","entry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/3519","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/comments?post=3519"}],"version-history":[{"count":0,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/3519\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/media?parent=3519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/categories?post=3519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/tags?post=3519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}