Home » Family Dollar Names Bloom New COO
National

Family Dollar Names Bloom New COO

Last updated on June 13th, 2024 at 12:03 pm

Discount retailer Family Dollar Stores Inc. has named Michael K. Bloom as its new president and COO, filling the posts vacated by the retirement of longtime executive R. James Kelly.

“Today’s announcement reflects the result of several years of thoughtful discussion and planning as we prepared for Jim’s retirement,” said Chief Executive Howard Levine.

Bloom previously worked as executive vice president of merchandising, supply chain, marketing and advertising for CVS Caremark Corp. (CVS), one of a series of posts he held in a 20-year career at the drug store and pharmacy-benefit manager.

Kelly, whose 15-year stretch at Family Dollar included a stint as the company’s chief financial officer, will stay on as vice chairman over the next six months to assist the transition.

The discount retailer reported higher sales and profit in its fiscal third quarter as traffic rose, but results missed views and company offered a dimmer outlook for the full year. The company is slated to report fourth-quarter results Wednesday.

About the author

Shelby Team

The Shelby Report delivers complete grocery news and supermarket insights nationwide through the distribution of five monthly regional print and digital editions. Serving the retail food trade since 1967, The Shelby Report is “Region Wise. Nationwide.”

Featured Photos

Featured Photo ROFDA Spring Conference
Renaissance Esmeralda
Indian Wells, CA