Friday, July 31, 2015

For Family Dollar, there’s big business in the neighborhood | Chicago Reporter

Average Family Dollar store generates $1.3 million in annual revenue. And the company was one of the biggest dollar store chains in the U.S. before rival Dollar Tree acquired it recently for $9.2 billion. The deal created a company with nearly $20 billion in combined sales and more than 13,600 stores throughout the U.S. and Canada. Federal regulators pushed Dollar Tree to sell 330 Family Dollar stores, with a total of nearly $45.5 million in operating income, because they feared the merger would hurt competition in the discount retail sector. About 13 of the affected stores are in Chicago. Sycamore Partners, a private-equity firm, bought the stores and plans to operate them under its Dollar Express store banner.
Not bad for a chain that serves the ‘hood.

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