Content about Dollar

March 27, 2014

Fred's Super Dollar on Thursday posted sales of $495.1 million for the fourth quarter ended Feb. 1, representing an increase of 0.5% on an adjusted basis (fiscal 2012 fourth quarter was 14 weeks vs. 13 weeks in fiscal 2013).

MEMPHIS, Tenn. — Fred's Super Dollar on Thursday posted sales of $495.1 million for the fourth quarter ended Feb. 1, representing an increase of 0.5% on an adjusted basis (fiscal 2012 fourth quarter was 14 weeks vs. 13 weeks in fiscal 2013). Total sales for fiscal 2013 totaled $1.9 billion, representing a 1.4% on an adjusted basis.  

March 24, 2014

Family Dollar Stores on Monday named Brian Hancock to the position of SVP supply chain. Hancock will report to Howard Levine, Family Dollar chairman and CEO.

MATTHEWS, N.C. — Family Dollar Stores on Monday named Brian Hancock to the position of SVP supply chain. Hancock will report to Howard Levine, Family Dollar chairman and CEO.

February 26, 2014

Dollar Tree on Wednesday posted sales of $2.2 billion for the fourth quarter ended Feb. 1, down slightly by 0.9%.

CHESAPEAKE, Va. — Dollar Tree on Wednesday posted sales of $2.2 billion for the fourth quarter ended Feb. 1, down slightly by 0.9%. However, fourth quarter 2012 included 13 weeks as compared to the 12-week period for fiscal 2013. 

For fiscal year 2013, the company's consolidated net sales were $7.8 billion, up 6.1%. Comparable store sales increased 2.4%. Fiscal 2012 included 53 weeks, as compared with 52 weeks in fiscal 2013.

Comparable store sales increased 1.2%. 

January 9, 2014

Family Dollar reported sales of $2.5 billion in first quarter 2014, a 3.2% increase over the same period last year, the dollar store chain said.

MATTHEWS, N.C. — Family Dollar reported sales of $2.5 billion in first quarter 2014, a 3.2% increase over the same period last year, the dollar store chain said Thursday.

For the 13-week quarter that ended Nov. 30, the chain said sales were strongest in refrigerated and frozen food, health aids and tobacco. Same-store sales during the quarter decreased by 2.8% due to fewer customer transactions and a slight decrease in average customer transaction value.

December 2, 2013

Dollar General before the Thanksgiving holiday refuted a recent U.S. PIRG Education Fund study — Trouble in Toyland 2013 — which suggested a toy jewelry ring set that tested twice the legal limit for lead was sold at Dollar General stores.

GOODLETTSVILLE, Tenn. — Dollar General before the Thanksgiving holiday refuted a recent U.S. PIRG Education Fund study — Trouble in Toyland 2013 — which suggested a toy jewelry ring set that tested twice the legal limit for lead was sold at Dollar General stores. 

"This product is not currently, nor has ever been, sold in Dollar General stores," the dollar store operator said. 

December 2, 2013

Family Dollar Stores last week announced that Jeffrey Macak, EVP supply chain, has resigned from the company for personal reasons, effective Nov. 27.

MATTHEWS, N.C. — Family Dollar Stores last week announced that Jeffrey Macak, EVP supply chain, has resigned from the company for personal reasons, effective Nov. 27. 

The dollar store operator intends to conduct a search for Macak’s replacement.

Macak had been named to the post in September. He had come from Bed Bath & Beyond, where he served as VP global supply chain for 13 years. 

 

 

November 4, 2013

Dollar General on Monday announced a number of senior management changes.

GOODLETTSVILLE, Tenn. — Dollar General on Monday announced a number of senior management changes. Todd Vasos has been named COO with responsibility for store operations, merchandising and supply chain. And David D'Arezzo has joined the company as EVP and chief merchandising officer. 

October 25, 2013

For the second year in a row, Dollar General has topped Kantar Retail’s opening price point survey, narrowly beating out Walmart.

BOSTON — For the second year in a row, Dollar General has topped Kantar Retail’s opening price point survey, narrowly beating out Walmart. 

October 18, 2013

Family Dollar earlier this week celebrated the grand opening of its 11th distribution center in St. George, Utah.

ST. GEORGE, Utah — Family Dollar earlier this week celebrated the grand opening of its 11th distribution center in St. George, Utah. 

“Opening our 11th distribution center is an important milestone for us,” stated Howard Levine, Family Dollar’s chairman and CEO. “This facility is ideally located to support our growth in the West, helping us keep our stores well-stocked as we continue to provide customers in this region with great value and convenience.”

October 14, 2013

Family Dollar last week opened its 8,000th store in Lancaster, S.C., the company announced.

LANCASTER, S.C. — Family Dollar last week opened its 8,000th store here, the company announced.

"Lancaster is  proud to have been selected as the site of Family Dollar's 8,000th store," stated Joe Shaw, Lancaster's mayor. "We look forward to partnering with Family Dollar to meet the retail needs of our citizens."

"We have over 200 stores in South Carolina, so it certainly is a great fit for us to open this landmark store in the state," commented Howard Levine, Family Dollar chairman and CEO. 

 

July 11, 2013

Fred's Super Dollar posted $187.7 million in sales for the five weeks ended July 6, up 3% as compared to the year-ago period. Comparable-store sales for the month increased 4.5%.

MEMPHIS, Tenn. — Fred's Super Dollar on Thursday posted $187.7 million in sales for the five weeks ended July 6, up 3% as compared to the year-ago period. Comparable-store sales for the month increased 4.5%.

June 10, 2013

Family Dollar Stores on Monday named Brad Rogers SVP real estate, replacing Keith Gehl, who will retire from the company at the end of June.

MATTHEWS, N.C. — Family Dollar Stores on Monday named Brad Rogers SVP real estate, replacing Keith Gehl, who will retire from the company at the end of June. 

June 4, 2013

Dollar General increased net sales by 8.5% to $4.2 billion for its first quarter ended May 3, the dollar operator reported Tuesday.

GOODLETTSVILLE, Tenn. — Dollar General increased net sales by 8.5% to $4.2 billion for its first quarter ended May 3, the dollar operator reported Tuesday. 

“For the quarter, we achieved same-store sales growth of 2.6%, reflecting strong growth in our consumables categories offset by softer sales in seasonal and weather-sensitive categories,” stated Rick Dreiling, Dollar General’s chairman and CEO. “We believe the continued strength in consumables is a sign of the underlying health of our business.”

May 14, 2013

Dollar General is sponsoring career fairs at 170 of its stores as part of an effort to hire 10,000 new employees this month, the company said Tuesday.

GOODLETTSVILLE, Tenn. — Dollar General is sponsoring career fairs at 170 of its stores as part of an effort to hire 10,000 new employees this month, the company said Tuesday.

The company said it would have representatives to discuss opportunities, receive resumes and talk about long-term opportunities.

January 24, 2013

Dollar General is adding 635 new stores and relocating 550 this year, the dollar store chain said.

GOODLETTSVILLE, Tenn. — Dollar General is adding 635 new stores and relocating 550 this year, the dollar store chain said.

"Dollar General's continued growth reflects our customers' increasing satisfaction with our everyday low prices and convenience," Dollar General chairman and CEO Rick Dreiling said. "Further, 2013 will mark another growth milestone as we plan to open the organization's 11,000th store before the year's end when we will begin our 75th anniversary in 2014."

January 4, 2013

Family Dollar stores reported a 12.7% increase in net sales and a 6.6% increase in comps in first quarter 2013, the company said.

MATTHEWS, N.C. — Family Dollar stores reported a 12.7% increase in net sales and a 6.6% increase in comps in first quarter 2013, the company said.

November 21, 2012

Dollar General, for the seventh consecutive year, is partnering with St. Judes Children's Research Hospital for their Thanks and Giving campaign and the U.S. Marine Corps Toys for Tots Foundation.

Dollar General, for the seventh consecutive year, is partnering with St. Judes Children's Research Hospital for their Thanks and Giving® campaign and the U.S. Marine Corps Toys for Tots Foundation. Customers who shop with Dollar General now through Dec. 16 can participate by donating $1 or more when they check-out.

November 15, 2012

Family Dollar on Thursday announced it is expanding its holiday selection to include hundreds of toys and gifts retailing for $10 or less.

MATTHEWS, N.C. — Family Dollar on Thursday announced it is expanding its holiday selection to include hundreds of toys and gifts retailing for $10 or less. 

"We know our customers look to Family Dollar to help them celebrate the holidays," stated Michael Bloom, Family Dollar president and COO. "This year, we are proud to offer an expanded selection of items to make this holiday season even more memorable and budget-friendly."

October 12, 2012

It appears that even when the economy gets back to humming again on all cylinders that America’s shopping patterns will have been forever changed, and that's only going to support dollar store growth for years to come.

 WHAT IT MEANS AND WHY IT'S IMPORTANT — It appears that even when the economy gets back to humming on all cylinders that America’s shopping patterns will have been forever changed, and that's only going to support dollar store growth for years to come. Clearly, the two biggest competitors in Family Dollar and Dollar General are ramping up store growth all over the country, with the two companies lining up on opposite corners much the way drug chains began had done in the '80s and '90s.

October 8, 2012

Only 58% of consumer packaged goods executives view dollar stores as a strategic channel, according to Deloitte’s new "Dollar Store Strategies for National Brands" study.

NEW YORK — Only 58% of consumer packaged goods executives view dollar stores as a strategic channel, according to Deloitte’s new "Dollar Store Strategies for National Brands" study. Deloitte advises that CPG companies may not be keeping pace with the explosive growth of the $56 billion dollar store industry, and should act now to maximize market share and profits.

In other survey highlights:

September 28, 2012

Dollar General is promising big savings on toys -- right up until Christmas Eve.

GOODLETTSVILLE, Tenn. — Dollar General is promising big savings on toys -- right up until Christmas Eve. From Sept. 29 through Dec. 24, the retailer is offering a 10% discount on toy purchases of $75 or more.

November 2, 2011

Family Dollar has appointed a new VP assistant general counsel and assistant secretary.

MATTHEWS, N.C. — Family Dollar has appointed a new VP assistant general counsel and assistant secretary.

Family Dollar said its current assistant general counsel Beth MacDonald has been promoted to the new role. She will report to Family Dollar SVP and general counsel Jim Snyder.

MacDonald joined Family Dollar in 2010 as divisional counsel.

October 11, 2010

The acquisition of 85 Dollar Giant stores in Canada by Chesapeake, Va.-based Dollar Tree gives...

September 1, 2010

Retailers operating outside of the dollar channel are beginning to experience some night terrors. Because...

WHAT IT MEANS AND WHY IT'S IMPORTANT Retailers operating outside of the dollar channel are beginning to experience some night terrors. Because the fear is, what if American consumers learn from this bargain-hunting experience once the economy recovers? What if they decide quality and convenience in a dollar store today is comparable with other channels, and that the only real point of difference is the price point?

August 30, 2010

Sales and profits at Dollar General grew at a healthy pace during the second quarter...

GOODLETTSVILLE, Tenn. Sales and profits at Dollar General grew at a healthy pace during the second quarter as the company’s value proposition resonated with cost-conscious shoppers.