Leon Levine

Entrepreneur

Leon Levine was born in Wadesboro, North Carolina, United States on June 8th, 1937 and is the Entrepreneur. At the age of 86, Leon Levine biography, profession, age, height, weight, eye color, hair color, build, measurements, education, career, dating/affair, family, news updates, and networth are available.

Date of Birth
June 8, 1937
Nationality
United States
Place of Birth
Wadesboro, North Carolina, United States
Age
86 years old
Zodiac Sign
Gemini
Profession
Businessperson
Leon Levine Height, Weight, Eye Color and Hair Color

At 86 years old, Leon Levine physical status not available right now. We will update Leon Levine's height, weight, eye color, hair color, build, and measurements.

Height
Not Available
Weight
Not Available
Hair Color
Not Available
Eye Color
Not Available
Build
Not Available
Measurements
Not Available
Leon Levine Religion, Education, and Hobbies
Religion
Not Available
Hobbies
Not Available
Education
Not Available
Leon Levine Spouse(s), Children, Affair, Parents, and Family
Spouse(s)
Barbara Leven (until her death), Sandra Poliakoff
Children
4 including Howard R. Levine
Dating / Affair
Not Available
Parents
Not Available
Leon Levine Career

Career

Leon and Sherman bought a chenille bedspread factory in Wingate, North Carolina, in 1956. He went to Wingate College during the day so he could run the factory after classes. Leon stayed at and was able to locate a market for his bedspreads in Puerto Rico despite a tumultuous sales trip to New York. Levine, the company's founder, understood that he must make a significant capital investment in new equipment to remain competitive, sold the firm in 1958.

In 1959, he visited a Kentucky store that sold nothing for more than a dollar. He loved the idea, and at age 22, he opened a second store in Charlotte's 1500 block of Central Avenue that sold items for no more than $2. He named it Family Dollar for the affordability of its items and the target audience. Levine started Family Dollar with $3,000 of his own money and $3,000 from a partner.

Levine opened a second store in Charlotte, just next door to Park 'n Shop on Wilkinson Boulevard in June 1960. Later that year, he opened a third store in Charlotte, followed by Hamlet, North Carolina. He found out that the $2 price cap was not feasible and raised it to $3, a record he did not have until 1972. Family Dollar first appeared in South Carolina in 1961. Family Dollar made $2 million in 1962 and then expanded to Augusta, Georgia. He went solo, buying out his partners' interest in Family Dollars. By the end of 1979, Family Dollar had 380 stores in eight states.

Family Dollar moved its corporate and warehouse space to a new building in Matthews, North Carolina, in 1974. In 1970, Family Dollar made the decision to go public on the stock exchange. On the American Stock Exchange in 1972, the Family Dollar's common stock began trading.

Source

Levine, the founder of Family Dollar, created a $8.5 billion discount store empire

www.dailymail.co.uk, April 8, 2023
Since he died earlier this week at the age of 85, Family Dollar founder Leon Levine is in the spotlight, this week. In 1959, Levine founded his first Family Dollar store in Charlotte, overseeing the chain's rapid expansion until he took over the business from his son in 2003 and then selling the store to Dollar Tree in 2014 at a $8.5 billion estimate. More than 8,200 Family Dollar stores in the United States are now, and the chain announced record net sales of $12.9 billion last year as historic inflation led to higher prices being sought by customers.

Leon Levine, the family Dollar founder and philanthropist from Raleigh, died at the age of 85

www.dailymail.co.uk, April 6, 2023
Leon Levine, the family dollar founder and noted North Carolina philanthropist, died on Wednesday, age 85.

Leon Levine, the founder of Family Dollar, died at the age of 85

www.dailymail.co.uk, April 6, 2023
Levine began the first ever Family Dollar Store on Central Avenue in Charlotte, North Carolina, at the age of 22, harnessed a $6,000 investment and opened the first-ever Family Dollar Store. The discount store will eventually grow to become a Fortune 400 shop with 8,000 locations around the country, and it will become known as a shopping hub for Americans with little money to burn on necessities.