Search results
History. Family Dollar was founded in 1959 by Leon Levine, a 21-year-old entrepreneur. [10] . In November of that year, the company's first store was opened, in Charlotte, North Carolina. [11] . In 1961, their first store in South Carolina opened, followed by stores in Georgia and Virginia, which were opened in 1962 and 1965, respectively.
Feb 24, 2024 · Family Dollar went public in 1970 and in 1971, the chain opened its 100th store. By 1979, the chain had undergone another rapid expansion and was trading on the New York Stock Exchange with annual sales of over $100 million.
- Lauren Cusimano
- The first Family Dollar was opened by a 22-year-old. Many people in their early 20s are most likely in school or working entry-level jobs, not opening what would be the first of thousands of stores across the country with one simple concept: Nothing is more than $2.
- Family Dollar started as one store in Charlotte, North Carolina. Founder Leon Levine started the Family Dollar chain in November 1959 with its first location on Central Avenue — between Pecan and Thomas avenues in the Plaza-Midwood — in Charlotte, North Carolina.
- The 1970s were apparently a tough time for Family Dollar. The 1960s was a time of major growth for Family Dollar and its founder. In fact, Our State mentions that, "It took 10 years to open 100 Family Dollars in the Southeast."
- The founder of Family Dollar is a major philanthropist. It'd be hard to argue that Family Dollar founder Leon Levine wasn't a rich man. But our humble founder took his success in a distinct direction.
- Building His Empire
- Simple and Clean Works
- The Philanthropist
Leon was born in Rockinghamin 1937. His father, Harry, ran The Hub, a five-and-dime department store next to R.W. Goodman down on South Lee Street. They sold clothing and shoes. It wasn’t flashy. But the place was clean, and the shirts were straight and neat. When Leon was 12, his father died, leaving his mother to run the store. At 14, Leon starte...
Some stores exist on some sort of nostalgia or atmosphere. Boutiques do this. Stores at the mall do this. Some places have a certain smell. The clothes are laid out in an ornate manner, or their walls are covered with posters or paint. The music is turned up loud. In those places, you’re not just paying for the stuff you bought. You’re paying for t...
Howard Levine, the son, is the man in charge of the company now, and that’s left Leon to do something with the money he’s spent a lifetime accumulating. He’s giving it away. The Leon Levine Foundation, which he founded in 1980, has given away more than $75 million. He’s funded a cancer center and children’s hospital in Charlotte, a science center a...
1959: Leon Levine opens the first Family Dollar store in Charlotte, North Carolina. 1970: The company goes public. 1979: The company acquires 40 Top Dollar stores.
Apr 8, 2023 · In November 1959, then just 22 years old, Levine opened his first Family Dollar Store on the 1500 block of Central Avenue in Charlotte, investing $6,000 in the venture. The idea for the...
Jan 13, 2015 · 1950s and 1960: After the first store opens in November 1959 in Charlotte, the 1960’s begin Family Dollar’s expansion into Southern States. A ribbon cutting of a new store in 1964 is shown.
People also ask
When did Family Dollar start?
How old was Leon Levine when he started Family Dollar?
Who owns Family Dollar?
Where is Family Dollar stores located?
How many Family Dollar Stores are there?
Did Family Dollar create a food desert?
