Durban Development is trying to bring an 8,320-square-foot Family Dollar store to northeast Charlotte. But before the discount store can be built, the city must grant a rezoning for a 1.09-acre tract.
Daniel Levine and his family can’t seem to resist the pull of Monroe Road. He developed McAlpine Business Park on Monroe Road, the Galleria shopping center at Galleria at Sardis and Monroe roads and, nearby, Galleria Village Apartments. Monroe Road’s been a popular spot for his family members, too; his dad and uncle have opened [...]
Family Dollar Stores said it had record sales and earnings in the third quarter. The Matthews-based discount retailer said net income rose 6.5 percent to $111.1 million, or 91 cents per diluted share, from $104.4 million, or 77 cents per diluted share, in the year-ago quarter. The company’s third quarter ended May 28. Net sales for the [...]
A hedge fund manager has increased his stake in Family Dollar Stores, making him the largest shareholder in the company. According to a regulatory filing with the Securities and Exchange Commission, William Ackman, chief executive of New York hedge fund Pershing Square Capital Management, has bought a total of approximately 10.9 million shares of the Matthews-based company’s stock, [...]
Inventors in Charlotte might struggle to find innovation. But once that inspiration strikes, they might think they can just take their products to the national chains that have headquarters in the area and get their wares on the shelf. Indeed, Family Dollar Stores is based in Matthews and Lowe’s Cos. has headquarters in Mooresville. And, [...]
Dale Tobias started working when he was 13, learning to fix cars. But it wasn’t until he turned 15 that he got his first “real job,” he said. That gig involved delivering newspapers door to door for The Charlotte Observer. Now, the 40-year-old high school dropout and single father of two girls — they’re 10 [...]
Family Dollar Stores today said it has named a vice president of real estate development. Brad Rogers began working for the Matthews-based company in 1998 as real estate manager. He most recently served as regional vice president for the company’s real estate portfolio and new stores. Family Dollar operates more than 6,800 stores in 44 states.
A day after turning down a buyout offer, Family Dollar Stores said today it has aligned itself with Fort Worth, Texas-based Marketing Management to grow its private-brand business. Under the deal, MMI will help Family Dollar with private-brand sourcing, product development, category analytics, assortment strategy, quality assurance and customer insights. “Enhancing our private-brand assortment to [...]
Matthews-based Family Dollars Stores today said it has rejected a buyout offer from a New York hedge fund manager. Last month, Train Group presented Family Dollar with an unsolicited proposal to buy the company for $55 to $60 a share. In a unanimous vote, Family Dollar’s board turned down the offer, saying it substantially undervalues the company and is not in [...]
A New York hedge fund manager has presented Matthews-based Family Dollar Stores with an unsolicited buyout offer. Train Group is offering to buy the company for $55 to $60 a share. Family Dollar said it “will review the proposal in due course.” Family Dollar began in Charlotte with one store in 1959. The Fortune 500 [...]