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What is 'Pawn Your Diamond'?
'Pawn Your Diamond' offers the community information
about the Fortune 500 companies.
Why the name?
The aim behind our name is to give young
entrepreneurs the incentive to start from scratch with
the hope that this small money they got from pawning a
diamond they had aside, grows and flourishes into a
multi billion dollar corporation.
Too dreamy?
Simply NOT. Such famous corporations did not exist
forever. Each and every foundation did start somewhere
and usually had one or a few founding members. So grab
the general concept and work hard!
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Fortune 500 - Spot Number 373
Company Information
Name: Family Dollar Stores, Inc.
Industry: Retail (Specialty)
Description: With more than 4,500 stores in a 41-state area ranging as far northwest as South Dakota, northeast to Maine, southeast to Florida and southwest to Arizona, Family Dollar is one of the fastest growing discount store chains in the United States. Family Dollar has provided value-conscious consumers with competitive prices at neighborhood stores for over 40 years. Offering a consistent selection of name brand and good quality merchandise in an attractive and convenient shopping environment, the Company is focused on continuing to meet the needs of shoppers looking for excellent value.
Financial Summary: FDO operates more than 5,000 self-service retail discount stores in 43 states and the District of Columbia that are geared toward helping value-conscious families meet their basic shopping needs. For the FY ended 8/27/05, net sales rose 10% to $5.82B. Net income fell 16% to $217.5M. Results reflect increased comparable store sales and the addition of new stores opened, offset by lower gross margins and costs related to the urban initiative.
Business Summary: Family Dollar Stores, Inc., incorporated in 1969, operates a chain of self-service retail discount stores. As of October 1, 2004, there were 5,481 stores in 44 states and the District of Columbia. During the fiscal year ended August 28, 2004 (fiscal 2004), 500 stores were opened, 61 stores were closed, 28 stores were relocated within the same shopping center or market area, 51 stores were expanded in size and 116 stores were renovated. From August 29, 2004, through October 1, 2004, the Company opened 18 new stores, closed three stores, relocated two stores, expanded seven stores and renovated 11 stores. The stores offer a variety of hardlines and softlines merchandise.
Misc Details
Symbol: FDO
City: Charlotte
State: NC
ZIP Code: 28201
Address: 10401 Old Monroe Road
Phone: 704-847-6961
Fax: 704-847-5534
Website: http://www.familydollar.com
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