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Family Dollar Stores, Inc. is an American variety store chain. With over 8,000 locations in all states except Alaska and Hawaii, it was the second largest retailer of its type in the United States until it was acquired by Dollar Tree in 2015 when its headquarters operations were moved from Matthews, a suburb of Charlotte, North Carolina, to Chesapeake, Virginia, located in South Hampton Roads.
Leon Levine was born into a Jewish family [1] on June 8, 1937, in Wadesboro, North Carolina. The family actually lived in Rockingham, North Carolina, but that town, some 19 miles away from Wadesboro, had no hospital at that time. The family operated a small town store called The Hub, managed by his brother Sherman and his mother until its ...
In 1996, Levine rejoined Family Dollar and served in various positions until he became Chief Executive Officer in August 1998. [4] In July 2014, Levine oversaw the buyout of Family Dollar by Dollar Tree in a deal totaling $8.5 billion. [5] Levine remained with the company following the merger and was appointed to Dollar Tree's board of ...
Dollar Tree said Wednesday it will explore a sale or spinoff of Family Dollar, less than a decade after acquiring the chain in what has turned out to be a disastrous merger.
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On March 13, parent company, Dollar Tree, announced in a press release it plans to shutter nearly 1,000 Family Dollar stores after seeing declining sales in 2023.