Family Dollar was established in Charlotte, North Carolina in 1959 by a 21 year old entrepreneur named Leon Levine. He was interested in operating a low-overhead, self-service retail store. Levine’s main goal was to offer a variety of high quality merchandise to customers for under $2.00 (Family Dollar: History). If everything in the store wasn’t a dollar to begin with why did he name the store Family DOLLAR? The fact is that any person can be influenced in a different way just by the way someone
Introduction Founded in 1939, Dollar General Corporation is a U.S. based discount retailer headquartered in Goodlettsville, Tennessee. The company has over 13,000 stores - focusing on rural areas on the eastern, Midwestern and southern states. Its merchandise includes household goods, consumables, and apparel coming from either external manufacturers or their own private brand. Its stock is publicly traded on the New York Stock Exchange (NYSE) and is currently priced at around $93.38, with a market
Q1: Describe Dollar General's business strategy. What has the company been so successful? A1: Dollar General's main business strategy is to focus on being the leading distributors of consumable basics, with 30% of the merchandise at $1.00 or less. Dollar General believes in maintaining an assortment of consumable merchandise and making shopping for everyday items hassle free and simplistic. Deriving most of their customer basis from Low, Middle and fixed income earners. With under-serviced rural
always looking to save time and money. I can sometimes achieve that by choosing to shop at our local Dollar General. Because I am a frequent customer of their company, I was interested in learning what their mission statement contained and whether or not they did a good job relaying that message in their “About Me” section of the company website. Here are my findings... I feel as though Dollar General Corporation has a fairly vague mission statement. It simply states “Serving others, For customers
My social experiment, took way too much thought to complete. I could not think about what I should do for this project until about noon on that beautiful Sunday. I invited a couple of friends to go with me to Walmart, but I was unsuccessful and I only got one friend to accompany me. Even so, we had fun. First, we went to Walmart thinking we would just mess around in the toy aisle. To my surprise, we got distracted in all the Halloween stuff. So I started putting on random hats, and I watched people’s
submitted a prepared prospectus for Dollar General Corporation. According to the prospectus, Dollar General is the largest discount retailer in the United States by number of stores. They serve a broad customer base and majority of products are priced at $10 or less and approximately 30% of products are price at $1 or less. They believe that their combination of value and convenience is what has kept them ahead of their competitors since opening in 1955. Dollar General has had substantial growth in recent
How has Dollar General Corporation changed its strategy to address driving forces? The driving forces of change for the discount/variety story industry are: 1. The customer Acquiring new customers by offering convenient locations, easy to shop store formats and wide variety of merchandise at low prices Building Customer loyalty by helping them save money everyday 2. Digital marketing – offering customers DG Digital Coupon program to more than 11,300 stores across 40 states (Dollar General, 2014)
The steadfast rule when it comes to sports and rights fees is that it’s the business of entertainment. The dollars are going to go where the value is. With Rights fees, networks pay fees to have the rights to a particular broadcast, for example march madness, the NFL or the Olympics. Rights fees are determined by the value a certain property holds, this is determined by the ratings. The most important ratings market world wide is undisputedly the North American, and in particular the US market as
especially in a country that has a history of not enforcing intellectual property laws. Piracy costs companies and artists money. Companies spend millions of dollars on research and development to make software. Artists spend countless hours to film a movie or record an album. Record labels and movie production companies spend millions of dollars producing and marketing entertainment media. The companies’ and artists’ investments are supposed to be returned in the form of profits from the media that
million dollars over seven years.(Antonen, 2) There were at least four other teams that wanted to sign this all-star, but the Angels easily had the money, and outbid everyone who wanted to sign him. If there was a salary cap in Major League Baseball then the Angels would have thought twice about giving that much money to one player. With the its roster for one year. So giving one player 12.8 million dollars for one year does not really make sense if the salary cap is fifty million dollars a year.
Basketball Needs to Be Fixed Professional and college basketball have become very popular in the hearts and minds of many Americans. Millions of dollars a year are spent on apparel, tickets, and television all generated by people's love for basketball. But in the last couple of years, both the National Basketball Association (NBA) and college basketball have lost a substantial amount of their competition and have caught much criticizim for it. At the heart of this problem is a single cause, greed
Immigration Benefits Since the founding of the U.S. more than 200 years ago, people have come here from every country on earth. Whether it be escaping an oppressive government, or just to find a general better way of life, people immigrate to the United States. Some people say that when an immigrant comes here, they are not used to our way of life, and therefore throw off our way of life and economy. They say that they cause more harm to the stable, tax-paying citizens of the U.S. then
me. I had no clue what was going on. He said that there was a fire broken out in his factory. He owns huge furniture factory and he is C.E.O of this company. The biggest storage of his plant was gone because of the fire. It was about 1.8 million dollars worth, and it¡¯s gone now. People said that it was on the TV and newspaper for 3 days as a big tragedy. I visited there and I saw people working there to build new one again. The first problem he got was the loss of his assets and the second one was
country. A rich man is sick and needs a kidney transplant in order to survive. He is willing to pay whatever it takes to save his life. A greedy man acts as a middleman, or broker, between the two men and goes home with a profit of thousands of dollars. Organ brokers are most common for organizing kidney transplants and other non-essential organs. However, occasionally organ brokers will bribe the family of a deceased for essential organs such as heart and liver. The ethical question Is
York. These crashes caused an uproar throughout the nation. Number of people died, billions of dollars lost and damaged lots of lives. Those crashes had been called most severe of the 20th century. Those crashes are symbolized as Black Days. Well, you might think that those crashes could be car crashes or plane crashes or train crashes. You might also think that if nation could have lost billions of dollars and lots of lives, those could be car or plane or train crashes. But as you thought, those were
We Are Spending Too Much On Prisons Would you believe that America has spent around five hundred billion dollars on prisons.(Butterfield) Why are the tax payers of America spending so much money on prisons and not other effective solutions to stopping crime? The American legislation is closed minded about reducing crime. They believe that prison is the one and only solution. Since crime keeps occurring, more and more prisons need to be built and kept running for the increasing numbers of inmates
understand the large numbers used to express the vast distances discussed in astronomy, one needs to relate these numbers to everyday life. During everyday conversation, people may say things like “the national debt is trillions of dollars,” “the lottery is up to 31 million dollars,” or “John Doe is a billionaire.” An astronomer might say that “one astronomical unit equals 93,000,000 miles or that a light-year is 5,870,000,000,000,000 miles.” The human comprehension level of all of these terms is probably
Quackery This year, we Americans will spend billions of dollars on products that do nothing for us - or may even harm us. And we'll do it for the same reason people have done it since ancient times... We want to believe in miracles. We want to find simple solutions and shortcuts to better health. It's hard to resist. All of us, at one time or another, have seen or heard about a product - a new and exotic pill, a device, or potion - that can easily solve our most vexing problem. With this product
What can two dollars buy you? A small coffee at Starbucks, a candy bar, bag of chips, and a soda, a slice of pizza. For nearly three billion people, approximately half of the world’s population, two dollars a day is all the money that the person has to live on. Moreover, of the 2.8 billion children in the world, 1 billion grow up in poverty; 640 million without adequate shelter, 400 millions with no access to safe water, and 270 million with no access to health services (UNICEF 2014). One proposed
they can. Ladies shoes can be classified into three categories: cheap shoes, moderately priced shoes, and expensive shoes. The first types of ladies shoes are the cheap shoes. First, cheap shoes usually cost anywhere from twenty-five dollars to around sixty dollars. They are often on sale because of large quantities stocked by department stores. These shoes are often sold out during sales because their prices are marked down considerably to make room for the next shipment of cheap shoes. Secondly