...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...
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...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...
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...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...
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...Family Dollar: From Success to Dollar Tree Every Thursday was a treat to my entire family. We all knew that was my father’s payday. Every Thursday, my parents would gather four of us children and we went to the grocery store. My favorite times were when I was the between the ages of four and six. That is when we would go to the Piggly Wiggly around the corner from the house. That store had a Family Dollar right across the parking lot. This was before west Macon, Georgia began to expand and many other grocery stores opened. Each trip to the grocery store resulted in me following my mother, and occasionally my sisters, to Family Dollar after leaving Piggly Wiggly. I would always enjoy walking the aisles, looking at the new products that were placed, and the toy section. I loved the toy section! I did not even care if I had something brought for me, just as long as I got to play in the toy section. Then, the Piggly Wiggly closed and we began visiting...
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...Family dollar and General Dollar M&A external analysis Dollar General is one of the largest discount retailers in the United States. Direct competition in the discount retailer industry is mainly with companies like Family Dollar Stores, Inc. and Dollar Tree Stores, Inc., Since the majority of retail stores merged and reached an agreement with Family Dollar Stores and Dollar Tree, Dollar General offered $9 billion to get Family Dollar. Many external circumstances influenced General Dollar to make their decision. First, the demographic segment for low, middle, and fixed income families illustrates the U.S. population shifting from the north and east to the west and south. Economic segment show a global financial-crisis influences economic downturn, rising unemployment rates as well as affecting the “five-and-dime” retailing concept and “Hour-Glass Economy” men. The political/ legal segment talks about the growing trade deficit with China. This may affect production of items, for example items that could trickle down to Dollar General and other High-Value Retailers. The socio-cultural segment describes emerging bargain, which is based on the mentality of the emerging American consumer, while the technological segment describes general movement to debit/credit cards and away from cash. Introduction of card readers make shopping convenient for government assistance as well as benefit transfer consumer. Finally, the global segment shows an example of Europe: 5 out of 10 largest...
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...Family Dollar Stock Analysis and Recommendation Recommendation: HOLD Relevant Stock Information Ticker: FDO Company Beta: * 0.32 * (calculated from 3-year weekly historical stock prices) Closing Price as of April 12th 2012: $63.38 Dividend Yield: 1.30% P/E Ratio: $20.12 Current Market Capital: 7.52 Billion Summary of recommendation: Due to the current economic conditions and high possibility of economic change based on the current recession, Family Dollar’s public equity should mainly be considered from a short-term perspective. Applying this notion, we recommend that current FDO stockholders continue to hold their shares for the dividend yields and the potential increase in share value over the next few years. Investors seeking to purchase a dividend paying stock may also be interested in acquiring shares over the short-term horizon (1-2 years). However, those interested in safer longer-term investments may want to steer clear of FDO stock. The company’s capital expenditures and debt are increasing with the growth and development of new and current stores, and whether this expansion strategy will prove successful while the country’s economic conditions improve is highly dependent on the company’s ability to retain its customer base. In addition, while “quality” is subjective in nature, it is our opinion that consumers still attach a stigma to discount retailers and will likely choose to trade up to higher “quality” goods with improved economic conditions...
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...In 1993, One Dollar Inc. officially changed its name to Dollar Tree. Dollar Tree is a leading discount variety store in the United States. Their inventory is priced at one dollar including food, toys, housewares, cleaning supplies, beauty aids, paper products and many other odds and ends. Dollar Tree is able to offer its customers a wide variety of products for just one dollar because of its purchasing power. The company buys products in huge quantities. Dollar Tree imports roughly 40 percent of its stock, purchases manufacturers’ overage and maintains a strong focus on controlling costs. However, Dollar Tree recently announced an $8.5 billion acquisition. The figure rose to $10 billion due to stock prices soaring. Dollar Tree agreed to divest 330 Family Dollar stores to private-equity firm Sycamore Partners. The combined organization will operate more than 13,000 stores in 48 states forecasting sales exceeding $19 billion annually. Dollar Tree anticipates the deal will result in an estimated $300 million of annual run-rate by the end of the mergers third year. Again, the merger levels the playing field for competition with a large retail store, Walmart. The dollar concept is once again gaining popularity in the U.S. due to changing shopping patterns. Dollar stores’ convenient locations give them a competitive edge over traditional Wal-Mart stores, which are usually located on the outskirts of cities. The retail giant has also ramped up its own small store expansion...
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...(MG 181) Dollar General/Family Dollar Case Study 4/6/16 Walmart is the largest retailer in the world and is the second largest retailer, behind Amazon, in the United States. The majority of households in America shop at Walmart on a regular basis. However, Dollar General and Family Dollar have increasingly gained market-share over the years. Both stores are considered extreme value retailers. By definition, extreme value retailers are small, full-line discount stores that offer a limited merchandise assortment at very low prices. In 2005, Goodlettsville, Tennessee-based Dollar General had over 7,500 stores in 30 states and more than $7 billion in sales. The company has grown more than 20% each year for the last six years. In 2004, Matthews, North Carolina-based Family Dollar had approximately 5,600 stores in 44 states with more than $5 billion in sales. Both retailers are growing so rapidly that each are opening, on average, one new store a day. The typical Dollar General/Family Dollar customer is low-to-middle income young families, older customers on fixed incomes, ethnic groups and shoppers in rural and urban areas. These consumers frequently find good quality merchandise at competitive prices. The geographic breakdown of consumers who shop there is about the same as Walmart and Kmart. Approximately 25 percent of U.S. households shop at an extreme value retailer at least once a month. While Dollar General and Family Dollar are considered “dollar store”...
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...Family dollar is a conglomerate that has changed the way people visualize a dollar store. After doing research on store #38 located on 1720 West Trade Street, Charlotte, NC 28216 in Mecklenburg County they discovered that the store alone operates in 46 US states and the District of Columbia. (cite) This specific retailer falls under the category of being a chain organization and discount store due to it’s many attributes. With the company offering the consumer tons of merchandise at such a low price, Family Dollar has had an advantage in today’s troublesome economy. Although, one their weaknesses is clearing legal cases, and majority of them just happen to be circulating by the people within the company. In four states action lawsuits are being brought to the table due to alleged store managers stating that they should be non-exempt employees under the various state laws. (cite) Overall Family Dollar is most valued as a retailer because of their own private label....
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...Executive Summary This document describes the entirety of the business in two or three pages. This will likely be the only document a prospective investor reads initially, and hence brevity, conciseness, and clarity are of the utmost importance. This document is designed to guide you on the creation of the critical components of this document, and provide examples of appropriate content for each section. Instructions: Read each section and fill it out using the instructions and examples to guide you. Once you have completed the section, erase the instructions that appear in italics. Overview This section consists of a single paragraph that succinctly describes the product you intend to develop, the target market for the product, the benefit the product provides to that target market, the competitors for the product, and how the product is different from competitive solutions in the market. A sample overview paragraph might look like this: is a that delivers . Unlike , provides . For example: PayPal is a web-based payment service that allows buyers and sellers to transfer funds instantaneously while protecting against fraud and identity theft. Unlike credit cards, PayPal allows any merchant to accept funds, and allows customers to pay for goods without disclosing sensitive banking or personal information. Lorem ipsum… Problem This section consists of either a short story or a handful of bullet points that concisely identifies the problems the product is...
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...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...
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...Case Study #1: Family Dollar: Reinventing the Discount Store 1. Evaluate Family Dollar’s retail strategy. Will it work in both good and bad economic times? Family Dollar’s retail strategy will work in both good and bad economic times. The company’s mission: is to provide our customers with a compelling place to shop, our team members with a compelling place to work, and our investors with a compelling place to invest. Our vision is to be the best, small format convenience and value retailer serving the needs of families in our neighborhoods. (Family Dollar 2012 Annual Report) During the economic downturn, Family Dollar reevaluated the company’s goals. One of the goals the company will be refocusing on will be to build customer loyalty and experience. In today’s uncertain economic environment, value and convenience continues to resonate with consumers. Our strategy of providing customers with value and convenience continues to attract not only low-income customers, but also middle-income families with greater frequency. To continue to capitalize on this opportunity, we have launched several initiatives to increase our relevancy to customers by enhancing their shopping experience and to improve their perception of our value and convenience proposition. (FD 2012AR) To overall increase customers shopping experience Family Dollar will redesign store layouts for more convenient shopping, they will continue to expand on food and health and beauty products, they will add...
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...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 ...
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...EXECUTIVE SUMMARY The purpose of this case study is to identify and present the factors that contribute to Family Dollar’s success through quantitative measures of internal data, external data, and common sense assumptions. The study consists of several parts, each with a distinctive purpose: • Mission Statement – provides a description of what Family Dollar seeks to accomplish on a day-to-day basis and sets the standard for quantitative performance measures. • External Factor Evaluation (EFE) Matrix – outlines the opportunities and threats that could affect the company and rates Family Dollar’s current performance in addressing those factors. • Competitive Profile Matrix – outlines the success factors that are critical to the company’s continuity and rates Family Dollar’s performance as well as its rivals’ performances in addressing those factors. CASE STUDY FOR FAMILY DOLLAR STORES MISSION STATEMENT Existing Mission Statement To be a compelling place to shop for our customers; To be a compelling place to work for our team members; To be a compelling place to invest for our shareholders. Revised Mission Statement Family Dollar’s mission is to provide convenience and low prices for our customers (1), exceptional opportunities and incentives for our associates (9), and outstanding returns for our investors (5). Through our strategy of nationwide expansion (3), technological innovation in our logistics network (4), and energy reduction initiatives...
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...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：...
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