BNET Industries

Market Cap:$4.0B
Last Fiscal Year Sales:$6.9B
  • Public
  • US
Dow Jones Description

Beginning with one store in Charlotte, North Carolina, in 1959, the Company currently operates more than 6,600 stores in 44 states. Family Dollar Stores, Inc., a Fortune 500 company, is based in Matthews, North Carolina, just outside of Charlotte and is a publicly held company with common stock traded on the New York Stock Exchange under the symbol FDO.

Chief Executive OfficerHoward R. Levine
Number of Employees 25,000
Contact Information

10401 Monroe Rd

PO Box 1017

Matthews, North Carolina 28105

www.familydolla...

1 704 847 6961

NAICS Code All Other General Merchandise Stores: 452990

Recent Events

  • Cowen & Co initiates coverage on Family Dollar Stores FDO with an Outperform

    6/18/09 - Bond / Stock Rating - View Story

  • Almighty dollar stores

    6/08/09 - Planned Site Openings - View Story

  • RETAIL: Competitors emulate Wal-Mart's focus on necessities

    6/09/09 - Financial Announcement - View Story

  • Family Dollar one step closer to a spot in Superior business community

    6/03/09 - Mgmt. Change Entering - Other - View Story

  • Family Dollar Taps Kevin Boyanowski as SVP of Global Sourcing

    6/01/09 - Mgmt. Change Entering - Vice President - View Story

  • In-House Career Changes

    5/19/09 - Mgmt. Change Entering - Legal - View Story

  • Buckingham Research Maintains an 'Underperform' Rating on Family Dollar FDO; Comments From Mgmt Meetings

    5/18/09 - Bond / Stock Rating - View Story

  • The Rich Discover Discount Shopping

    5/12/09 - Bond / Stock Rating - View Story

  • Dollar Tree's Q1 Profit Blooms; Boosts FY09 View - Update

    5/27/09 - Financial Announcement - View Story

  • Recession is fertile ground for dollar stores

    4/12/09 - Site Opening - View Story

  • Family Dollar Stores Inc announces regular cash dividend for quarter

    4/10/09 - Stock Split / Dividend - View Story

  • Buckingham Research Maintains an 'Underperform' on Family Dollar FDO

    4/06/09 - Bond / Stock Rating - View Story

  • BUY OR SELL: Family Dollar still a good recession play?

    4/02/09 - Bond / Stock Rating - View Story

  • JP Morgan, Harley Davidson, Nokia Rise

    4/16/09 - Financial Announcement - View Story

  • Family Dollar Stores names general counsel and corporate secretary

    4/02/09 - Mgmt. Change Entering - Vice President - View Story

News & Analysis

family dollar stores inc. - All News and Analysis

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Decision Makers

Name (plus bio) Position
Howard R. Levine Chief Executive Officer
R. James Kelly President & Chief Operating Officer
Joshua R. Jewett Chief Information Officer
Kenneth T. Smith Chief Financial Officer
Robert George Chief Merchandising Officer
Barry Sullivan Executive Vice President
Bruce Barkus Executive Vice President, Store Operations
Charles S. Gibson Executive Vice President, Supply Chain
Dorlisa K. Flur Executive Vice President
Albert S. Rorie Senior Vice President, Info Technology
Bryan Venberg Senior Vice President, Hr
C. Martin Sowers Senior Vice President, Finance
Charles M Sowers Senior Vice President
Gilbert A. LaFare Senior Vice President, Real Estate
Irving Neger Senior Vice President, Softlines
Janet G. Kelley Senior Vice President
John J. Scanlon Senior Vice President, Hardlines and Marketing
Kathi S. Child Senior Vice President, Human Resources
Keith M. Gehl Senior Vice President, Construction and Facilities Management
Mike Kvitko Senior Vice President, Softlines
Samuel N. McPherson Senior Vice President, HR
Thomas M. Nash Senior Vice President, New Stores
Allen W. Fields Vice President, Store Operations
Billy W. Jones Vice President
Boris Zelmanovich Vice President, Mdsg Strategy & Operations
Bryan P. Causey Vice President, Planning, Mdsg Control
Charles D. Curry Vice President, Real Estate, Store Planning
Charles W. Broome Vice President, Store Operations
Christopher White Vice President, Tax
Colin McGinnis Vice President, Operations Support
Craig A. Hart Vice President, Mdse Control
Cynthia Dunham Vice President & General Manager, Mdsg, Softlines
Dennis A. Heskett Vice President, Store Operations
Dennis C. Merriam Vice President, HR
Dodd Haynes Vice President, Internal Audit
Earl C. Bonnecaze Vice President
Elizabeth M. Austin Vice President, IT Oper
Eric C. Gordon Vice President
Gino Coradini Vice President, Real Estate
Gregory Anstett Regional Vice President of Store Operations
James R. Bowen Vice President, Distr
James W. Burns Vice President
Jerome G. Vickers Vice President, Store Operations
John R. Moffitt Vice President
Mark S. Chidester Vice President, HR, Store Operations
Michael J. Zuege Vice President
R. Dodd Haynes Vice President
Raina Avalon Vice President, Transportation
Ramesh Chikkala Vice President
Richard P. Siliakus Vice President
Samuel J. Bernstein Vice President, Marketing
Stephen F. Phillips Vice President, Store Operations
Timothy A. Matz Vice President
Edward C. Dolby Independent Director
Daylon W. Powell Assistant Treasurer
Jacob J. Modla Assistant General Counsel
James C. Snyder Jr. Senior Vice President, General Counsel & Corporate Secretary
Janice B. Burris Assistant Secretary

Board of Directors

Name (plus bio) Position
Dale C. Pond Board of Directors
George R. Mahoney Jr. Board of Directors
Glenn A. Eisenberg Board of Directors
Harvey Morgan Board of Directors
James G Martin Board of Directors
Mark R. Bernstein Board of Directors
Pamela L. Davies Board of Directors
Sharon A. Decker Board of Directors

Mr. Levine has been the Chairman of the Board since January 2003 and Chief Executive Officer of Family Dollar since August 1998. Mr. Levine was employed by the Company in various capacities in the Merchandising Department from 1981 to 1987, including employment as Senior Vice President – Merchandising and Advertising. From 1988 to 1992, Mr. Levine was President of Best Price Clothing Stores, Inc., a chain of ladies’ apparel stores. He rejoined the Company in April 1996, and was elected Vice President – General Merchandise Manager: Softlines in April 1996, Senior Vice President – Merchandising and Advertising in September 1996, President and Chief Operating Officer in April 1997, and Chief Executive Officer in August 1998. In addition, Mr. Levine serves as a member on the Equity Award Committee. He is the son of Mr. Leon Levine, the Founder of the Company who retired in January 2003.

Organization Position Status
Family Dollar Stores, Inc. Chief Executive Officer Current
Family Dollar Stores, Inc. Founder Current
Family Dollar Stores, Inc. Chairman Current
Family Dollar Stores, Inc. Equity Award Committee Member Current
Family Dollar Stores, Inc. President Former
Family Dollar Stores, Inc. Chief Operating Officer Former
Family Dollar Stores, Inc. Vice President Â?? General Merchandise Manager Former
Family Dollar Stores, Inc. Management Director Former
Family Dollar Stores, Inc. Director Former
Organization Position Status
Family Dollar Stores, Inc. President & Chief Operating Officer Current
Family Dollar Stores, Inc. Vice Chairman,CFO & Chief Admin Officer Former
Organization Position Status
Family Dollar Stores, Inc. Chief Information Officer Current
Family Dollar Stores, Inc. Senior Vice President Former
Organization Position Status
Family Dollar Stores, Inc. Chief Financial Officer Current
Family Dollar Stores, Inc. Vice President, Finance Former
Organization Position Status
Family Dollar Stores, Inc. Chief Merchandising Officer Current
Family Dollar Stores, Inc. Executive Vice President Current
Organization Position Status
Family Dollar Stores, Inc. Executive Vice President Current
Family Dollar Stores, Inc. Senior Vice President, Store Operations Former
Eckerd Corporation Vice President, Store Operations Former
Organization Position Status
Family Dollar Stores, Inc. Executive Vice President, Store Operations Current

Charles Gibson has been promoted to executive vice president-distribution and logistics of discount retailer Family Dollar Stores Inc. (www.familydollar.com). He was previously senior vice president of distribution and logistics.

Organization Position Status
Family Dollar Stores, Inc. Executive Vice President, Supply Chain Current
Logistics Today Executive Vice President, Distribution and Logistics of Discount Retailer Family Dollar Stores Inc. Current
Organization Position Status
Family Dollar Stores, Inc. Executive Vice President Current
Family Dollar Stores, Inc. Senior Vice President, Strategy and Business Development Former
McKinsey & Company, Inc. Principal Former
Organization Position Status
Family Dollar Stores, Inc. Senior Vice President, Info Technology Current
Organization Position Status
Family Dollar Stores, Inc. Senior Vice President, Hr Current
Organization Position Status
Family Dollar Stores, Inc. Senior Vice President, Finance Current
Family Dollar Stores, Inc. Controller Former
Family Dollar Stores, Inc. Accountant Former
Organization Position Status
Family Dollar Stores, Inc. Senior Vice President Current
Organization Position Status
Family Dollar Stores, Inc. Senior Vice President, Real Estate Current
Organization Position Status
Family Dollar Stores, Inc. Senior Vice President, Softlines Current
Organization Position Status
Family Dollar Stores, Inc. Senior Vice President Current
Limited Brands, Inc. Vice President Former
Family Dollar Stores, Inc. General Counsel and Secretary Former
Limited Brands, Inc. Senior Counsel Former
Organization Position Status
Family Dollar Stores, Inc. Senior Vice President, Hardlines and Marketing Current
Organization Position Status
Family Dollar Stores, Inc. Senior Vice President, Human Resources Current
Organization Position Status
Family Dollar Stores, Inc. Senior Vice President, Construction and Facilities Management Current
Organization Position Status
Family Dollar Stores, Inc. Senior Vice President, Softlines Current
Organization Position Status
Family Dollar Stores, Inc. Senior Vice President, HR Current
Organization Position Status
Family Dollar Stores, Inc. Senior Vice President, New Stores Current
Organization Position Status
Family Dollar Stores, Inc. Vice President, Store Operations Current
Organization Position Status
Family Dollar Stores, Inc. Vice President Current
Organization Position Status
Family Dollar Stores, Inc. Vice President, Mdsg Strategy & Operations Current
Organization Position Status
Family Dollar Stores, Inc. Vice President, Planning, Mdsg Control Current
Organization Position Status
Family Dollar Stores, Inc. Vice President, Real Estate, Store Planning Current
Organization Position Status
Family Dollar Stores, Inc. Vice President, Store Operations Current
Organization Position Status
Family Dollar Stores, Inc. Vice President, Tax Current
Organization Position Status
Family Dollar Stores, Inc. Vice President, Operations Support Current
Organization Position Status
Family Dollar Stores, Inc. Vice President, Mdse Control Current
Organization Position Status
Family Dollar Stores, Inc. Vice President & General Manager, Mdsg, Softlines Current
Organization Position Status
Family Dollar Stores, Inc. Vice President, Store Operations Current
Organization Position Status
Family Dollar Stores, Inc. Vice President, HR Current
Organization Position Status
Family Dollar Stores, Inc. Vice President, Internal Audit Current
Alaska Pacific University Research Analyst Former
Organization Position Status
Family Dollar Stores, Inc. Vice President Current
Organization Position Status
Family Dollar Stores, Inc. Vice President, IT Oper Current
Organization Position Status
Family Dollar Stores, Inc. Vice President Current
Organization Position Status
Family Dollar Stores, Inc. Vice President, Real Estate Current
Organization Position Status
Family Dollar Stores, Inc. Regional Vice President of Store Operations Current
Organization Position Status
Family Dollar Stores, Inc. Vice President, Distr Current
Organization Position Status
Family Dollar Stores, Inc. Vice President Current
Organization Position Status
Family Dollar Stores, Inc. Vice President, Store Operations Current
Organization Position Status
Family Dollar Stores, Inc. Vice President Current
Organization Position Status
Family Dollar Stores, Inc. Vice President, HR, Store Operations Current
Organization Position Status
Family Dollar Stores, Inc. Vice President Current
Organization Position Status
Family Dollar Stores, Inc. Vice President Current
Organization Position Status
Family Dollar Stores, Inc. Vice President, Transportation Current
Organization Position Status
Family Dollar Stores, Inc. Vice President Current
Organization Position Status
Family Dollar Stores, Inc. Vice President Current
Organization Position Status
Family Dollar Stores, Inc. Vice President, Marketing Current
Organization Position Status
Family Dollar Stores, Inc. Vice President, Store Operations Current
Organization Position Status
Family Dollar Stores, Inc. Vice President Current

Mr. Dolby has been President of the Edward C. Dolby Strategic Consulting Group, LLC, since September 2002, when he established the company to engage in business consulting. Prior to his retirement in December 2001, Mr. Dolby was employed by Bank of America Corporation for thirty-two years, where his positions included President of the North Carolina and South Carolina Consumer and Commercial Bank.

Organization Position Status
Family Dollar Stores, Inc. Independent Director Current
Family Dollar Stores, Inc. Board of Directors Current
Organization Position Status
Family Dollar Stores, Inc. Assistant Treasurer Current
Organization Position Status
Family Dollar Stores, Inc. Assistant General Counsel Current
Organization Position Status
Family Dollar Stores, Inc. Senior Vice President, General Counsel & Corporate Secretary Current
The Home Depot, Inc. Vice President & Associate General Counsel, Legal and Risk Management Former
King & Spalding LLP Partner Former
The George Washington University J.D. Former
Wake Forest University B.A., Economics Former
Organization Position Status
Family Dollar Stores, Inc. Assistant Secretary Current
Organization Position Status
Home Safety Council Director Current
Family Dollar Stores, Inc. Board of Directors Current
Bassett Furniture Industries, Incorporated Board of Directors Current
Lowe's Companies, Inc. Senior Executive Vice President, Merchandising, Marketing Former
Montgomery Ward Former

Mr. Mahoney retired in May 2005 as Executive Vice President, General Counsel and Secretary of Family Dollar.

Organization Position Status
Family Dollar Stores, Inc. Board of Directors Current
Family Dollar Stores, Inc. Executive Vice President Former
Family Dollar Stores, Inc. General Counsel Former

Glenn A. Eisenberg is executive vice president – finance and administration and chief financial officer of The Timken Company. He also is an officer of the company. Eisenberg is responsible for the executive leadership of the company’s financial organization, including accounting, tax, treasury, audit, risk management, financial analysis and investor relations. He also has responsibility for strategic planning, corporate development, communications, community relations, information technology and shared services. He is a member of the company’s executive council. Since joining Timken in 2001, Eisenberg has been instrumental in executing Timken’s global growth and financial strategies, including the billion-dollar acquisition of The Torrington Company. Prior to joining the company, Eisenberg served as president and chief operating officer of United Dominion Industries, a diversified industrial manufacturing company with $2.5 billion in sales, prior to its acquisition by SPX Corporation. At UDI, he also held the positions of president – test instrument segment, executive vice president and chief financial officer and vice president – planning and development. Before joining UDI in 1990, he was a vice president at the Citizens and Southern Corporation. Eisenberg serves on the boards of directors for Family Dollar Stores Inc. (NYSE: FDO) and Alpha Natural Resources Inc. (NYSE: ANR). In addition, he serves on the boards of Aultman Hospital and the Manufacturers Alliance/MAPI. He holds a bachelor’s degree in economics and environmental studies from Tulane University and a master’s degree in business administration from Georgia State University.

Organization Position Status
The Timken Company Administration and Chief Financial Officer Current
Manufacturers Alliance/Mapi, Inc. Executive Vice President, Finance and Administration, the Timken Company Current
Manufacturers Alliance/Mapi, Inc. Board of Directors Current
Cleveland-Cliffs Inc. Member of the Alpha Board Current
Alpha Natural Resources, Inc. Board of Directors Current
Family Dollar Stores, Inc. Board of Directors Current
The Timken Company Board of Directors Current
The Timken Company Executive Vice President, Finance, Admin Current
U.S. Securities and Exchange Commission Former
Family Dollar Stores, Inc. Chairman Former
Georgia State University master of business administration degree Former
Georgia State University Bachelor's Degree In Economics Former
Tulane University bachelor's degree in economics and environmental studies Former
Organization Position Status
Bentley Securities Corporation Managing Director Current
CryoLife, Inc. Managing Director, Bentley Associates L.P., New York, Ny Current
Cybex International, Inc. Board of Directors Current
Executive Health Group Board of Directors Current
CryoLife, Inc. Director Current
Family Dollar Stores, Inc. Board of Directors Current
Shattuck Hammond Partners LLC Principal Former
Ladenburg Thalmann & Co., Inc. Former
Burlington Coat Factory Warehouse Corporation Board of Directors Former
Clayton Homes, Inc. Board of Directors Former
Harvard Business School MBA Former
The University of North Carolina Bachelor of Science Former
The University of North Carolina at Chapel Hill B.A. In Business Administration Former

Dr. Martin has been one of our directors since June 2, 1997. Since July of 2008, he has been Senior Advisor of McGuireWoods Consulting and currently serves as a director for Family Dollar, Inc. and DesignLine, Inc. From 1995 until 2008, he served as Vice President of Carolinas HealthCare System where he was also Chairman of the Research Development Board of Carolinas Medical Center from 1993 until 2000. From 1985 until 1993, Dr. Martin was the Governor of North Carolina. Prior to that position, he served as a United States Congressman from North Carolina from 1973 through 1984. From 1960 until 1972, Dr. Martin was an Associate Professor of Chemistry at Davidson College. Dr. Martin has a B.S. in chemistry from Davidson College and a Ph.D. in chemistry from Princeton University.

Organization Position Status
Carolinas Healthcare System Vice President Current
McGuire Woods Consulting LLC Consultant Current
Duke Energy Corporation Director Current
Institute for Defense and Business Board of Directors Current
The John William Pope Center for Higher Education Policy Board of Directors Current
Charlotte Symphony Board of Directors Current
Second Harvest Food Bank of Metrolina Board of Directors Current
Design Line, Inc. Director Current
Family Dollar Stores, Inc. Board of Directors Current
United States House of Representatives Member Current
National Association of Regional Councils Vice President Former
The North Carolina Company Vice President of the Carolinas Healthcare System Former
Centralina Council of Governments Founder Former
National Association of Regional Councils Founder Former
Davidson College Professor of Chemistry Former
State of North Carolina Governor Former
Family Dollar Stores, Inc. Governor Former
Carolinas Medical Center Chairman Former
Centralina Council of Governments Chairman Former
United States House of Representatives Board of Directors Former
Princeton University Ph.D. Former
Davidson College B.S. Degree In Chemistry Former
Organization Position Status
Parker Poe Adams & Bernstein L.L.P Of Counsel Current
Family Dollar Stores, Inc. Board of Directors Current
Parker Poe Adams & Bernstein L.L.P Board of Directors Current
Parker Poe Adams & Bernstein L.L.P Partner In the Law Firm Former
Family Dollar Stores, Inc. Nominating, Corporate Governance Committee Chairman Former

Dr. Davies has been the President of Queens University of Charlotte since July 2002. Dr. Davies was the Dean of the McColl School of Business, Queens University of Charlotte from June 2000 until March 2001, when she was appointed Chief Operating Officer of the University. From June 1997 to June 2000, she served as Professor of Management and Dean of the Bennett S. LeBow College of Business at Drexel University. From 1992 to 1997, Dr. Davies served as Chairman of the Department of Management at the University of Central Florida. Her professional specialization is in the field of strategic planning with a particular emphasis on competitive and marketing strategy. Dr. Davies is also a director of Charming Shoppes, Inc., C&D Technologies, Inc., and Sonoco Products Company.

Organization Position Status
Family Dollar Stores, Inc. Board of Directors Current
Organization Position Status
The Tapestry Group, Inc. Chief Executive Officer Current
The Tapestry Group, Inc. President Current
The Tapestry Group, Inc. Founder Current
SCANA Corporation Founder and Principal, the Tapestry Group (A Faith Based Non-Profit Organization) Current
The Chip Bell Group Current
Family Dollar Stores, Inc. Board of Directors Current
SCANA Corporation Board of Directors Current
Coca-Cola Bottling Co. Consolidated Board of Directors Current
Tanner Companies, LP President Former
Doncaster President Former
Duke Power Co. vice president Former
Duke Power Company vice president Former
Duke Energy Corporation Former
Commerce Corp. Chair Former

Executive News

  • Family Dollar Third Quarter Comparable Store Sales Increase 6.2%

    DiGiTAL50 - 6/08/09 - View Story

  • Big retailers expanding their offerings

    Delaware Online - 6/08/09 - View Story

  • More

    Delaware Online - 6/08/09 - View Story

  • Post a Comment

    Delaware Online - 6/08/09 - View Story

  • Family Dollar sees momentum in 3Q

    Home Textiles Today - 6/04/09 - View Story

  • Family Dollar Stores Q3 Comps Up 6.2% - Update

    RTTNews.com - 6/04/09 - View Story

  • Family Dollar Third Quarter Comparable Store Sales Increase 6.2%

    Business Wire - 6/04/09 - View Story

  • Family Dollar Taps Kevin Boyanowski as SVP of Global Sourcing

    TradingMarkets - 6/01/09 - View Story

  • Family Dollar names SVP global sourcing

    Drug Store News - 5/27/09 - View Story

  • Family Dollar hires global sourcing senior exec

    Home Textiles Today - 5/26/09 - View Story

  • Family Dollar Names Kevin Boyanowski Senior Vice President " Global Sourcing

    Business Wire - 5/26/09 - View Story

  • Family Dollar Names Kevin Boyanowski Senior Vice President "

    Business Wire via MSN Money - 5/26/09 - View Story

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     FDO $28.75 +0.56 (1.99% )
Average Volume 3,076,320
Shares Outstanding 140.24M
Market Cap 4.0B
Year High 35
Year Low 19.7
Earnings Per Share 1.86
P/E Ratio 15.46
Dividend 0.54
Yield 1.88
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