...Family Dollar Case Study The company that has been chosen for this case study is Family Dollar Stores, Inc. This company was founded by Leon Levine in 1959 and went public in 1970 with under 300 stores in 1977. Its first store was opened in Charlotte, North Carolina, and offered its customers good valued merchandise for under $2. The concept for this new store was, “The customers are the boss, and you need to keep them happy.” When the founder, Leon Levine, retired in 2003, there were nearly 5,000 stores and sales approaching $5 billion. His son, Howard Levine took his father’s place as CEO and he became chairman and CEO. Today the company operates more than 6,600 stores in 44 states plus the District of Columbia. Family Dollar Stores is ranked 359 on the Fortune 500. They employee 44,000 people, about 25,000 are full time and the rest are part-timers. Family Dollar’s revenues of $6.984 billion in FY2008, showed an increase of 2.2 percent over the previous year. The company continues to look for good locations and contractors to build and maintain the stores. The company continues to provide quarterly cash dividends to its shareholders since it began distributing dividends in May 1998. The company is divided into four broad product categories: • Consumables • Home Products • Apparel and Accessories • Seasonal and Electronic Family Dollars vision and mission statement are as follows: • Vision – To be the best small-format convenience and value retailer serving...
Words: 350 - Pages: 2
...Ever since 1959, when Family Dollar first opened their doors, it has been one of the major competitors in the small box discount retailers industry. It has had very successful years recently due to the economic recession that we are currently in. Consumers are rushing to these stores that offer high quality at a good value. The major concern for Family Dollar is whether or not it will be as successful in the upcoming years as we come out of this recession. These companies are afraid that as the economy comes out of this recession so will the people, resulting in them returning to the top quality stores. Family Dollar definitely has a lot of strengths within their company that they can build off of. Some of the major strengths include its prices, its family focus, its supply chain effectiveness, it is family owned, and it is spread throughout the country. Family Dollar can really benefit from this bad economy that our country finds itself in and needs to take advantage of that for as long as it lasts. The family focus factor is a great benefit for this company. The company’s family focus keeps prices low and it is determined to have their stores remain small in size in order to make their products easier to find. There are also a lot of major weaknesses within the Family Dollar Company. These major weaknesses include high competition, no online sales, only having one employee on the board of directors, inconsistency with brands within the store, and an image of being old...
Words: 1002 - Pages: 5
...玩具行业分析报告 第1期 2010/1~2010/6 ■ 主要产品：充气玩具、遥控玩具、毛绒玩具等 ■ 适读群体：玩具生产、贸易型企业管理人员 玩具行业 分析报告 第1期 2010/1~2010/6 Contents 目录 一．最新政策 ......................... 4 1．国家政策 ...................................... 4 2．出口预警 ...................................... 5 二．新闻速递 ......................... 8 三．进出口形势 .................... 10 1．数据统计 .................................... 10 2．出口趋势 .................................... 11 四．行业趋势 ....................... 12 1．企业动态 .................................... 12 2．产品趋势 .................................... 13 五 . 价格走势 ........................ 19 1．汇率变化 .................................... 19 2．原材料价格变化 ........................... 21 3．快递价格变化 .............................. 25 4．货运价格变化 .............................. 26 六．近期行业展会 ................. 27 1．国内展会 .................................... 27 一．最新政策 1．国家政策 据国家质检总局官方网站 5 月 31 日披露，我国首部《玩具用涂料中有害物质限量》强制性国 家标准有望于 10 月 1 日正式实施。 据了解，一旦玩具涂料中的有害物质超标，将会影响到儿童的身体健康，可能导致肝肾功能 下降、血液中红细胞减少，甚至有致癌危险。 标准中明确规定，在产品明示的配比条件下，按相关检测要求，玩具涂料铅含量不得超过 600mg/kg，砷含量不得超过 25mg/kg，汞含量不得超过 60mg/kg，苯的比例不得超过 0.3% 等。 标准实施以后，产品所有项目检验结果均需达到标准要求，而新产品最初定型时，产品异地生产或 关键原料来源发生较大变化时，都必须随时进行检验。 据 5 月 27 日消息，马来西亚国内贸易合作和消费保障部（MDTCC）发布通告，将《2009 年消费者保护（玩具安全标准）法》和《2009 年消费者保护（安全标准认可证书和合格标志）法》 的过渡期延伸至 2010 年 7 月 1 日。 从 2010 年 7 月 1 日起，只有附带测试报告的玩具才能在马来西亚销售。该要求管控的产品 范围包括所有新生产或现有的玩具。任何玩具产品都要符合玩具安全标准的规定。 玩具行业分析报告 第1期 4 自我声明：产品所有者应按马来西亚国内贸易合作和消费保障部要求的格式以合格证书 （COC）的形式向保障部提交声明，内容包括： （1）在马来西亚供应的玩具是安全的； （2）该玩具已经过测试，符合规定的玩具安全标准； （3）按照执法机构的要求，提供由经认可的实验室出具的测试报告； （4）该玩具符合以下要求：...
Words: 3298 - Pages: 14
...Undercover Boss- Family Dollar Strayer University Phillipa Warren Strategic Human Resource Management HRM 530 Dr. Reeley February 2, 2015 Family Dollars’ was started by Leon Levine in 1959, in Charlotte, NC in the basement of a bargain shop. It then grew into a Fortune 500 company with thousands of stores across the nation (Markovich, 2013). Job Analysis of Assistant Manager * Position: CEO * Date: February 2, 2015 * Name: Phillipa Warren General Purpose of Position: Assist Manager by performing related duties. Job Responsibilities: Hiring, promoting, scheduling, update job knowledge by participating in educational opportunities, reading professional publications; maintaining personal networks and participating in professional organizations. The most difficult aspect of an Assistant Mangers’ position is firing employees, feelings of unworthiness of their work and working for more than what they are worth. Daily Responsibilities * Unloading merchandise from trucks * Stocking Periodic Responsibilities * Scheduling * Stocking store on a daily/weekly basis Education * High School graduate * Some college Skills None Job Description Job Title: Assistant Manager Reports to: Manager Job Purpose: The general nature of this position is to assist the Manager. The job exists because of other responsibilities such as accomplishing the day-to-day duties required of the Assistant Manager. Duties and Responsibilities ...
Words: 716 - Pages: 3
...Family Dollar Project Bus121 Intro to Business Mrs. Jones-Manigo By: James McRae Introduction I chose to use Family Dollar as my company of interest. I’ve shopped at this store for most of my life for personal items, medical appliances, and even for my pets. I’m familiar and comfortable with this company which is why I chose it specifically. It’s a well-known company convenient for the area where I reside. In 1958 a 21 year old entrepreneur with an interest in merchandizing became intrigued with the idea of operating a low-overhead, self-service retail store. Leon Levine believed he could offer his customers a variety of high quality, good value merchandise for under $2, because he had grown up in his family’s retail store, he understood value, quality, and customer satisfaction. In November 1959, Leon Levine opened the first Family Dollar store in Charlotte, North Carolina, and was on his way to becoming a retail legend. Right from the start, he had a well-developed philosophy of what Family Dollar would be and how it would operate, a philosophy from which he and his management team have never strayed. The concept is a simple one, “The customers are the boss”, and you need to keep them happy. He created a general floor plan that he used in each of his stores that allowed customers to easily shop their most preferred products in any Family Dollar store. With the stores uniformity laid out and stocked, store managers were able to focus on providing good service...
Words: 438 - Pages: 2
...Family Dollar Marketing Plan Shelley Hines King University Principles of Marketing BUSA 3240-0502 Executive Summary Family Dollar was founded by Leon Levine in 1959 (History). He wanted to create a discount store for what at the time was design for people looking for quality products at reasonable prices. Since the first store in Charlotte North Carolina, the chain has grown to over 8,000 locations across 45 states. He designed a floor plan that all the stores used as a main setup with an only a few modifications. Leon believed back then as any good manager will tell you “customers are boss, and you need to keep them happy” (History).This sentiment is still in place today. With the stores layout the same, customers can go to any location and easily find what they need. The philosophy that he started with the first store is just as strong today as it was then. Environmental Analysis External Environmental Forces One of the biggest forces Family Dollar must deal with is competition. They are in constant rivalry with competitors such as Dollar General, Dollar Tree, and Wal-Mart (Family Dollar Stores, Inc. Competition). Their strongest rival would be Dollar General with much of the same products and similar pricing. Therefore, it is becoming more and more important for Family Dollar to keep its competitive advantage with offering products the other competitor doesn’t or products at a lower price. Another factor that benefits Family Dollar is demography. Family Dollar...
Words: 1995 - Pages: 8
...comparison of the market value of an asset and the book value, the addressing of OHF’s strengths and weaknesses and recommendations to further strengthen OHF. Principles of Finance and how They Relate to OHF The principles of finance are an important aspect of OHF. Leaders of every department and not just the financial officer and director should be aware of these principles. These principles include financial viability, accounting entity, money measurement, duality, cost valuation, accrual accounting, and stable monetary unit. To be familiar with the four major types of statements these accounting principles should be understood. The phrase “generally accepted accounting principles” is usually used to refer to the rules and requirements that form the preparation of the four financial statements. These financial statements are used to aid in decision making (Cleverly & Cameron, 2007). Financial Viability A successful health care organization (HCO) must be cost efficient. The HCO must collect dollar payments from the community that could include both patients and non-patients in the amount equal to at least the amount that it pays to its suppliers to be financially viable. To determine this one could look at the...
Words: 1636 - Pages: 7
...DUISENBERG SCHOOL OF FINANCE MSc FINANCE Corporate Finance and Banking Arundel Partners: The Sequel Project The East Wind Amol Marathe 140843 Linglan Tan 140838 Xiangyu Zhou 140912 Date: 20/11/2014 Arundel Partners: The Sequel Project The East Wind Executive Summary: Arundel group is looking into the project of purchasing the sequel rights associated with films produced by one or more major movie studios in United States. Arundel believes that they can calculate a value for the rights to produce these sequels and take a position by investing in a portfolio conformed of these rights. Arundel Partners plans to make money by negotiating an option price below its net present value calculation and obtaining its expected returns on the option. The proposal is appealing to studios because sales of sequel rights can help them finance initial production, If particular movie becomes a sequel then the value of the option will increase and Arundel will either exercise the right to make the sequel or sell the right either to the original studio or a third party willing to take on the project. The principals at Arundel Partners are inclined to buy a portfolio of all these sequel rights rather than individual films given that Arundel wants to avoid buying the rights of movies that are not expected to perform well. Movie rights are supposed to be purchased prior to films being made. Arundel wants to come up with a decision to either purchase all the sequel rights for a studio's...
Words: 3629 - Pages: 15
...Walmart The Retail Superpower Vinod Palikala vpalika@hotmail.com Walmart Valuation by Vinod Palikala Walmart Company Overview Walmart is the largest retailer in the world and accounts for nearly 10% of all retail sales in US. It dominates the retail market with sales exceeding that of the next six largest retailers in US. Retailers compete for customers on five major factors: 1. 2. 3. 4. 5. Prices for the products and services Service level Product selection (merchandise line width and depth) Location or access: the overall convenience of shopping the retailer behaviors in the purchase process) Walmart competes primarily on prices (everyday low prices). It also provides a greater product selection compared to peers (one-‐stop shopping). Competitive Advantage Perhaps the most critical judgment in the valuation of a business is the estimation of its competitive advantage. Lacking any competitive advantage, a business is usually worth no more than the replacement cost of its assets. Only in the presence of sustainable competitive advantage would it be possible to value a firm on the basis of its earning power. Retailing is an industry that is characterized by intense competition with few competitive...
Words: 2274 - Pages: 10
...Facebook study p1 Facebook Study Case Elene Toussaint MAN 200.002 Prof. Best May 23, 2013 Facebook study p2 Facebook is the first largest social network on the web. Primarily focused on high school to college students and you can find friends/family members. Facebook has been gaining market share, and more significantly a supportive user base. Since their launch in February 2004 by Mark Zuckerberg Facebook is worth 141 billion with 1 billion of users. According to Floating Facebook “The value of friendship Facebook is likely to become a gargantuan company. That will bring risks as well as rewards” Feb 4th 2012, SAN FRANCISCO, started for Pre- Initial public offering (IPO) “Facebook has techies and venture capitalists been so aflutter”. In addition, the agreed settlement was for 1.2m shares which were worth $300m at Facebook's IPO in 2004. The company structure at IPO is CEO has a voting percentage of 57.9% of the board election which is simple to vote majority and rules of a controlled company. The ownership of Facebook is the Chief Executive Officer (CEO) Mark Zuckerberg and he owns 28.4% of Facebook. Facebook funding before IPO became into the photo which had millions of users, Friendster attempted to acquire the company for $10 million in mid 2004. However, Facebook turned down the offer and subsequently received $12.7 million in funding from Accel Partners. Sean Parker provided the introduction to their first investor, Peter Thiel, cofounder...
Words: 1647 - Pages: 7
...Summary 5 Market Segmentation 5 Target Market Segment Strategy 5 Industry Analysis 6 Web Plan Summary 6 Website Marketing Strategy 7 Development Requirements 7 Strategy and Implementation Summary 8 Competitive Edge 8 Sales Forecasts 8 Management Summary 8 Organizational Structure 9 Management Team Gaps 9 Financial Plan 9 Important Assumptions 9 Break-even Analysis 10 Projected Profit and Loss 10 Projected Cash Flows 10 Exit Strategy 11 Executive Summary Introduction SmartKids.com.my is an e-commerce start-up company positioning itself to become the market leader in offering bright children an entertaining place to interact with each other, the Web, educators, and the world in general. It generates traffic first, valuation for investors, and eventually commerce and profits. It is a healthy place for kids to play, for parents and schools to buy, and a creative and fair work environment for employees. The SmartKids.com.my e-commerce project is the natural evolution for the SmartKids.com.my Internet presence. The site will market and sell selected toys, books, and software products. It will also produce Web products and Web applications that will increase market share, promote name recognition, and maximize efficiency. The Company The present SmartKids.com.my is a start-up company with four full-time employees. The company was incorporated late 2007as Galaxy Food and Technology owned by its principal founders, at 25% ownership each. The company has a single...
Words: 4104 - Pages: 17
...Business Strategy Business Strategy Introduction SmartKids.com.my is an e-commerce start-up company positioning itself to become the market leader in offering bright children an entertaining place to interact with each other, the Web, educators, and the world in general. It generates traffic first, valuation for investors, and eventually commerce and profits. It is a healthy place for kids to play, for parents and schools to buy, and a creative and fair work environment for employees. The SmartKids.com.my e-commerce project is the natural evolution for the SmartKids.com.my Internet presence. The site will market and sell selected toys, books, and software products. It will also produce Web products and Web applications that will increase market share, promote name recognition, and maximize efficiency. The Company The present SmartKids.com.my is a start-up company with four full-time employees. The company was incorporated late 2007as Galaxy Food and Technology owned by its principal founders, at 25% ownership each. The company has a single office in Ampang, Selangor. Our key competitive advantage is the in-house knowledge base we have developed. Our competitor spends five to 10 times the amount of money we do outsourcing to expensive companies for services we perform in-house. The same will take place with the SmartKids.com.my website. We already have the SQL™ server and ColdFusion™ programming expertise, and we will be adding the...
Words: 3997 - Pages: 16
...features a portfolio of branded and private label activewear apparel and headwear. The company primarily offers casual and athletic products for men, women, juniors, youth, and children under the Soffe, The Cotton Exchange, Intensity Athletics, Junk Food, and The Game brand names. It also markets apparel garments for the entire family under Delta Pro Weight, Delta Magnum Weight, Quail Hollow, Healthknit, and FunTees brand names. In addition, the company engages in designing, marketing, and manufacturing private label custom knit t-shirts primarily to branded sportswear companies. It sells its products to specialty and boutique shops, upscale and traditional department stores, mid-tier retailers, sporting goods stores, screen printers, private label accounts, college bookstores, and the United States military. The company also sells its products directly to consumers on its Web sites at soffe.com, junkfoodclothing.com, saltlife.com, and deltaapparel.com. It has operations primarily in the United States, Honduras, El Salvador, and Mexico. Delta Apparel, Inc. was founded in 1999 and is headquartered in Greenville, South Carolina. Discounted Cash Flow Valuation I use the FCFF model to evaluate Delta’s price. The three-stage model assumes that the firm will have an impressive growth first, and then has a more moderate growth rate during the second period. The third stage is the growth to infinity. Based on historical data, sales growth rates in 2010 and 2011 are 19.5% and 12.0%...
Words: 1070 - Pages: 5
...specialty drugs and enhance their ability to remain profitable. Investment Contributors In order to provide the most staying power for Quintessential Pharmaceuticals, a few investors were willing to provide financial backing for the organization. The list of investors below contributed significantly with their initial investment into Quintessential Pharmaceuticals, although the desire is to take a large stake in the share of the organizations. After much research with small business loans, an agreement was made with Citizen bank to acquire an SMA 504 small business loan with the Wall Street Journal Prime Rate of 3.5% + 2.75% for 8 years to assist with the initial cost (SBA 504 Loan, n.d.). Contributors Amount of Contribution Ray Mickens (Family Friend)...
Words: 710 - Pages: 3
...management feels that by eliminating redundancy and streamlining Nicholson's operations this potential can be realized. Currently, Nicholson's financial history boasts a 2% increase in profit annually but this percentage is way below the industry average of 6%. Cooper management proposed that if Nicholson stops selling to every market, increased efficiencies would result and cut cost of goods sold from 69% of sales to 65%. It was also suggested that the acquisition could lower selling, general, and administrative expenses from 22% of sales to 19%. Nicholson's position in the file and rasp market where it holds a 50% market share of a $50 million dollar market meets all three of Cooper's objectives. Furthermore, Nicholson's brand name within the hand saw and saw blade industry is strong and Nicholson holds a 9% market share in the $200 million dollar - their only major competitor was Sears and Diston who held a larger market share.Shareholder Standings At the time of the proposed merger between Nicholson File and VLN, there were a total of approximately 584,000 Nicholson shares outstanding. H.K. Porter had not purchased enough shares to hold majority control, and this situation provided Cooper with yet another opportunity to acquire Nicholson. Nicholson and Porter stockholders had their own concerns, as well as bargaining positions, and if Cooper was to acquire Nicholson they had to address all of their concerns and convince them that the merger was a mutually beneficial proposition. ...
Words: 1184 - Pages: 5
