News

Family Dollar marks 7,000th store opening

BY Gail Hoffer

MEMPHIS — Family Dollar opened its 7,000th store Thursday, further cementing the dollar-store channel as an area of rapid growth.

The store is located in Memphis, Tenn., and features a green building design and a spacious layout for an optimal shopping experience, the company reported.

To commemorate the opening of its 7,000th store in Memphis, Family Dollar completed the celebration with a $7,000 donation to the Mid-South Food Bank, along with cans of food donated by members of the local community.

"Family Dollar is absolutely thrilled to be opening our 7,000th store, and what better place to do so than in the great city of Memphis," Family Dollar chairman and CEO Howard Levine said. "This new store is a special example of our expansion and growth as a nationwide retailer, but gives us a venue to show customers our appreciation by creating an even better, more compelling shopping experience for their families."

To allow all loyal consumers to join in the celebration of the 7,000th store opening, Family Dollar is offering customers nationwide a chance to win Family Dollar gift cards valued from $25 to $500 throughout August at FamilyDollar.com.

For the third quarter, Family Dollar reported a 4.7% same-store sales increase that was just below the company’s expectations for a 5% to 7% gain. Earnings advanced 18.2% to 91 cents, four cents shy of analysts’ consensus estimate of 95 cents.

Though the company may have missed expectations, those expectations were high, showing that both the company and Wall Street see continued value in dollar stores. With the opening of its 7,000th store, Family Dollar won’t be slowing down anytime soon.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?
News

GMDC fills communications post

BY Michael Johnsen

COLORADO SPRINGS, Colo. — The Global Market Development Center earlier this week named Mark Mechelse to the role of director of industry insights.

"We are excited to welcome Mark Mechelse into GMDC as one of our newest team members," stated Dave McConnell, president and CEO of GMDC. "The addition of his skill set is a compliment to the GMDC strategy that will enhance the connection between our members, as well as GMDC’s education programs; and he will provide insight into market trends."

Mechelse will report to Mark Deuschle, GMDC’s chief marketing officer and VP business development, coordinating GMDC’s communications efforts and marketing messages. In addition, his responsibilities will be to oversee and manage GMDC content on its website and in press releases, and to activate a formidable social media presence, as well as other emerging technologies.

Mechelse has a degree in marketing and advertising from Sheridan College in Toronto. He was a managing director of his own advertising agency, as well as the director of creative and communications at Paramount Cards, prior to its acquisition by Hallmark Cards in 2006. Most recently, Mechelse was the director of client services for AIM Global, a custom and private-label product development company in Nashville, Tenn.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?
News

Cardinal helps fund awareness around prescription drug abuse

BY Michael Johnsen

DUBLIN, Ohio — The Cardinal Health Foundation on Thursday announced nearly $210,000 in grant funding to 14 nonprofit organizations that are dedicated to combating prescription drug abuse.

Grant recipients were selected from five key communities where high concentrations of Cardinal Health employees live and work: Albuquerque, N.M.; central Ohio; El Paso, Texas; LaVergne, Tenn.; and Radcliff, Ky.

This marks the second consecutive year that the Cardinal Heath Foundation has offered this funding through its "Preventing the Abuse and Misuse of Prescription Drugs" grant program. "Our goal is to stop prescription drug abuse before it starts — and that begins with education," stated Jessica Lineberger, community relations manager for Cardinal Health. "We launched this grant program because we believe that local nonprofit organizations can play a critical role in ensuring their communities understand that prescription drug abuse can have damaging and deadly consequences."

In 2009, the Cardinal Health Foundation teamed with the Ohio State University College of Pharmacy to develop two GenerationRx toolkits — comprehensive suites of materials designed to help healthcare providers, pharmacists, parents, teachers and other concerned citizens educate teen and adult audiences about the dangers of prescription drug abuse. The toolkits can be downloaded here.

In partnership with the Ohio State University College of Social Work, the Cardinal Health Foundation also developed a comprehensive survey to track the effectiveness of GenerationRx materials in changing attitudes about prescription drug abuse. During a pilot test of the survey, nearly 90% of adult and teen respondents who had attended a GenerationRx presentation indicated that they would be less likely to use prescription drugs that are not prescribed to them. The same percentage of respondents reported they would be less likely to share prescription drugs.

Recipients of the "Preventing the Abuse and Misuse of Prescription Drugs" grant program will use this survey tool to evaluate the effectiveness of their efforts, Cardinal stated.

Grants range in value from $5,000 to $15,000. The 2011 recipients of funding from the "Preventing the Abuse and Misuse of Prescription Drugs" grant program include:

  • New Mexico Medical Review Association;
  • University of New Mexico Foundation Inc.;
  • Big Brothers, Big Sisters of Central Ohio;
  • Drug-Free Action Alliance;
  • Respite Connections;
  • St. Stephen’s Community House;
  • Youth to Youth/COMFDRUG;
  • The Ohio State University College of Social Work;
  • The Ohio State University Student Wellness Center;
  • Dublin Counseling Center;
  • Boys & Girls Clubs of El Paso;
  • Young Men’s Christian Association of El Paso;
  • Rutherford-Cannon County Drug Court Support Foundation; and
  • United States Internet Crime Task Force.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?