Leon Levine
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.
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.
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.