Content about Variety stores

May 21, 2013

Fred's announced that its board of directors has declared a quarterly cash dividend of $0.06 per share.

MEMPHIS, Tenn. — Fred's Inc. today announced that its board of directors has declared a quarterly cash dividend of $0.06 per share.

The dividend is payable on June 17, 2013, to shareholders of record as of June 3, 2013.

Fred's Inc. operates 715 discount general merchandise stores, including 21 franchised Fred's stores, in the southeastern United States. For more information about the company, visit Fred's website at www.fredsinc.com.

February 25, 2013

Fred's Super Dollar is piloting a new store concept called GetWell Drug and Dollar that features a heavy focus on pharmacy, OTC and value-oriented convenience basics. The 8,000-sq.-ft. locations, half the size of a typical Fred's, will field some 7,500 front-end SKUs, 30% of which will be comprised of health-and-wellness items.

MIDDLETON, Tenn. — Fred's Super Dollar is piloting a new store concept called GetWell Drug and Dollar that features a heavy focus on pharmacy, OTC and value-oriented convenience basics. The 8,000-sq.-ft. locations, half the size of a typical Fred's, will field some 7,500 front-end SKUs, 30% of which will be comprised of health-and-wellness items.

February 7, 2013

Fred's Super Dollar reported sales for the five-weeks ended Feb. 2 were up 31% to $173.6 million. Comparable store sales were up 28.6%.

MEMPHIS, Tenn. — Fred's Super Dollar on Thursday reported sales for the five-weeks ended Feb. 2 were up 31% to $173.6 million. Comparable store sales were up 28.6%. 

On an adjusted basis, which eliminates the one week ended Feb. 2, sales were up 2% and same-store sales were flat, Fred's added. 

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 8, 2013

Fueled by strong store growth and increased household penetration, dollar stores have been stepping outside of their comfort zone in pursuit of consumer trips that have historically belonged to retail pharmacy.

COMMERCE, Calif. — Fueled by strong store growth and increased household penetration, dollar stores have been stepping outside of their comfort zone in pursuit of consumer trips that have historically belonged to retail pharmacy. 

December 18, 2012

Regional store chain 99 Cents Only Stores has launched a new website that it said would offer more easily accessible information on new products, as well as company information.

COMMERCE, Calif. — Regional store chain 99 Cents Only Stores has launched a new website that it said would offer more easily accessible information on new products, as well as company information.

The chain — which operates 308 stores in California, Texas, Arizona and Nevada — said the new site was part of its efforts to improve the quality of information that it makes available to the public.

May 16, 2012

“No frills, just real savings” and “Simple prices you can add up in your head” make clear that Dollar General’s goal is to provide great prices on household essentials.


At first blush, there appears to be nothing special about Dollar General’s first Southern California store in the suburb of Montclair. It occupies about 7,500 sq. ft. of space in an aging strip center, and a small banner hung on the exterior beckons to passing motorists and pedestrians, “Now Open.” Inside, more signs explain the bare-bones merchandising of familiar brands to shoppers unfamiliar with the Dollar General value proposition.

March 30, 2012

One of Dollar General's first stores in California also has the distinction of being the retailer's 10,000th store, the company said.

GOODLETTSVILLE, Tenn. — One of Dollar General's first stores in California also has the distinction of being the retailer's 10,000th store, the company said.

Dollar General announced Friday that its landmark store, located in Merced, Calif., has given the retailer a coast-to-coast presence for the first time in the company's history.

February 17, 2012

Outside of TV land and around the country, going local isn’t just a punch line for an evening comedy show or even a peculiarity of the weekend farmers market. It’s an increasingly popular merchandising strategy for retail chains.


In IFC’s hit comedy series “Portlandia,” there’s a sketch in which the two main characters order chicken in a restaurant. But they don’t just order: They ask which farm the chicken came from to make sure it’s sufficiently local and whether the chicken was raised according to their exacting standards. The waiter quickly responds with a portfolio featuring the chicken’s pre-mortem photograph, biography and name (“Collin”).


January 6, 2012

Momentum remains on the side of Family Dollar, as the company late Thursday reported another quarter of record sales and profits and the opening of 101 units, which included its first stores in California.

MATTHEWS, N.C. — Momentum remains on the side of Family Dollar, as the company late Thursday reported another quarter of record sales and profits and the opening of 101 units, which included its first stores in California.

December 5, 2011

The combined store count of the county's largest dollar store chains outnumbers that of the largest retail pharmacy chains as continued economic difficulties drive the channel's growth, according to a new study released Monday by Colliers International.

SEATTLE — The combined store count of the county's largest dollar store chains outnumbers that of the largest retail pharmacy chains as continued economic difficulties drive the channel's growth, according to a new study released Monday by Colliers International.

December 5, 2011

To deliver the value of a supercenter with the convenience of a drug store — that is the essence of the Dollar General strategy.


NASHVILLE, Tenn. — To deliver the value of a supercenter with the convenience of a drug store — that is the essence of the Dollar General strategy.


August 11, 2011

Family Dollar opened its 7,000th store Thursday, further cementing the dollar-store channel as an area of rapid growth.

MEMPHIS — Family Dollar opened its 7,000th store Thursday, further cementing the dollar-store channel as an area of rapid growth.

The store is located in Memphis, Tenn., and features a green building design and a spacious layout for an optimal shopping experience, the company reported.

To commemorate the opening of its 7,000th store in Memphis, Family Dollar completed the celebration with a $7,000 donation to the Mid-South Food Bank, along with cans of food donated by members of the local community.

July 11, 2011

The penny-pinching consumers of the recession have become penny-clamping consumers, and dollar stores are starting to feel the effects, according to published reports.

NEW YORK — The penny-pinching consumers of the recession have become penny-clamping consumers, and dollar stores are starting to feel the effects, according to published reports.

June 29, 2011

A 25% increase in the health and beauty care product assortments at Family Dollar contributed to overall inventory growth during the company’s third quarter, the retailer announced Wednesday morning with the release of its financial results.

MATTHEWS, N.C. — A 25% increase in the health and beauty care product assortments at Family Dollar contributed to overall inventory growth during the company’s third quarter, the retailer announced Wednesday morning with the release of its financial results.

In addition to the major expansion of the health and beauty category at 5,000 of the company’s 6,900 stores, Family Dollar said it also expanded assortments of food by 20%, which, combined with the health and beauty care initiative, resulted in an overall increase in inventory levels of 15%.

March 30, 2011

Profit grew by nearly 10% to $123.2 million and sales advanced 8.3% to nearly $2.3 billion as Family Dollar remained on a consistent growth trajectory during its second quarter, ended Feb. 27.

MATTHEWS, N.C. — Profit grew by nearly 10% to $123.2 million and sales advanced 8.3% to nearly $2.3 billion as Family Dollar remained on a consistent growth trajectory during its second quarter, ended Feb. 27.

Earnings per share for the period increased 21% to 98 cents, compared with 81 cents in the prior-year's second quarter.

March 25, 2011

Dollar General maintained its momentum in 2010 by achieving record sales, profits and expansion; and it’s looking like 2011 will bring more of the same.

GOODLETTSVILLE, Tenn. — Dollar General maintained its momentum in 2010 by achieving record sales, profits and expansion; and it’s looking like 2011 will bring more of the same. Last year, Dollar General opened 600 new stores and remodeled or relocated another 504 units to end its fiscal year on Jan. 28 with 9,372 stores. The additional square footage combined with a 4.9% same-store sales increase enabled the company to grow total sales by 10.5% to roughly $13 billion.

March 25, 2011

Expectations of improved profitability at Dollar General mean the company will keep the pedal to the metal in terms of expansion.

WHAT IT MEANS AND WHY IT’S IMPORTANT — Expectations of improved profitability at Dollar General mean the company will keep the pedal to the metal in terms of expansion.

(THE NEWS: Dollar General keeps growing. For the full story, click here)

March 14, 2011

Family Dollar reported Monday a comparable-store sales increase of 5.1% for the second quarter ended Feb. 26. Net sales for the quarter increased 8.3% to $2.26 billion, from $2.09 billion last year. According to the retailer, warmer weather earlier in the year, as well as strong performance in its consumables and seasonal categories, helped drive sales.

MATTHEWS, N.C. — Family Dollar reported Monday a comparable-store sales increase of 5.1% for the second quarter ended Feb. 26. Net sales for the quarter increased 8.3% to $2.26 billion, from $2.09 billion last year. According to the retailer, warmer weather earlier in the year, as well as strong performance in its consumables and seasonal categories, helped drive sales.

March 11, 2011

First it was Family Dollar; now 99 Cents Only Stores finds itself in buyout talks, as investors are seeing the value in discount store chains.

CITY OF COMMERCE, Calif. — First it was Family Dollar; now 99 Cents Only Stores finds itself in buyout talks, as investors are seeing the value in discount store chains.

February 3, 2011

Fred's on Wednesday reported a fiscal 2010 sales increase of 3% to $1.8 billion for the year ended Jan. 29. Comparable sales were up 2.2%, versus an increase of 0.4% in the prior year.

MEMPHIS — Fred's on Wednesday reported a fiscal 2010 sales increase of 3% to $1.8 billion for the year ended Jan. 29. Comparable sales were up 2.2%, versus an increase of 0.4% in the prior year.

January comp increases of 2.1%, however, fell well short of the 3.9% analyst consensus tallied by Thomson Reuters, a factor that may have had more influence in driving the company’s stock down 37 cents to $13.31 on Wednesday’s trading. Winter weather played a role in those not-as-good-as-expected results, the retailer reported.

January 3, 2011

Building on its plans to open 625 new stores in fiscal 2011, Dollar General on Monday resolved to create 6,000 new jobs.

GOODLETTSVILLE, Tenn. — Building on its plans to open 625 new stores in fiscal 2011, Dollar General on Monday resolved to create 6,000 new jobs.

In addition to expanding within its 35-state operating area, Dollar General also has targeted such new markets as Connecticut, Nevada and New Hampshire.

December 6, 2010

Dollar General reported that its third quarter net income was $128 million, or diluted earnings per share of 37 cents.

GOODLETTSVILLE, Tenn. — Dollar General reported that its third-quarter net income was $128 million, or a diluted earnings per share of 37 cents.

Excluding a net loss of $8 million ($5 million after income taxes) relating to the early repayment of certain long-term obligations, net income for the 2010 third quarter was $133 million, or a diluted EPS of 39 cents, a 76% increase over net income of $76 million, or 24 cents per diluted share, in the third quarter of fiscal 2009.

November 16, 2010

Dollar Tree on Wednesday announced that it has completed its purchase of the assets of...

CHESAPEAKE, Va. Dollar Tree on Wednesday announced that it has completed its purchase of the assets of 86 Dollar Giant stores for approximately $52 million in cash, plus the assumption of certain liabilities.

 

This marks Dollar Tree's first expansion of retail operations outside of the United States.

 

 

October 11, 2010

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