Family Dollar to Step up Openings

Home Textiles Today Staff -- Home Textiles Today, 10/21/2011 7:36:54 AM

Family Dollar wrapped up its fiscal year by turning in its 14th consecutive quarter of double-digit earnings increases and said it will return to the aggressive store opening pace that characterized its expansion prior to the recession.
     During the new fiscal year, which began Aug. 28, the retailer plans to open 450-500 new stores - including its entry into California - and remodel approximately 1,000 of its more than 7,000 units.
     Earnings per share rose 19.1% to $3.12 for the fiscal year. Sales rose 8.7% to $8.5 billion.