Tag Archives: Howard Levine

Family Dollar to Cut Work Force, Close Stores

Family Dollar

MATTHEWS, N.C.-Declaring that “we hold ourselves accountable for improving our performance,” Family Dollar Chairman and CEO Howard Levine said the retailer will reduce its work force and close about 370 underperforming stores, in the wake of second-quarter results which were below the company’s expectations. Net income in the quarter, which ended on March 1, plummetedMore »

Hancock Tabbed as Family Dollar Supply-Chain Head

Family Dollar

MATTHEWS, N.C.-Family Dollar has named Brian Hancock senior vice president-supply chain. The move puts Hancock in charge of the dollar-store retailer’s supply-chain operation. He reports directly to Howard Levine, chairman and CEO. Prior to joining Family Dollar, Hancock was president-North American division for The Martin Brower Co., which supplies food and materials to McDonald’s restaurantsMore »

Family Dollar Posts Record Results for Q4, Fiscal Year

Family Dollar

MATTHEWS, N.C.-The fiscal year ending on Aug. 31 proved to be a record-breaking one for Family Dollar. For the quarter, the dollar-store retailer reported net income of $102.2 million, up 26.3 percent, and net sales of $2.5 billion, an increase of 5.8 percent. For the year, net income totaled $443.6 million, up 5.1 percent, andMore »