MATTHEWS, N.C., Sep 02, 2010 (BUSINESS WIRE) --
Family Dollar Stores, Inc. (NYSE:FDO) reported that net sales for the fourth quarter ended August 28, 2010, increased 8.0% to $1.957 billion from $1.811 billion in the fourth quarter ended August 29, 2009. Comparable store sales for the quarter increased 6.1%. Sales during the quarter were strongest in the Consumables category. The Company had 6,785 stores as of August 28, 2010, including 75 new stores opened in the fourth quarter.
"Customers continue to respond well to the values and convenience we offer," said Howard Levine, Chairman and CEO. "In fiscal 2010, we enhanced our assortment, worked to make our stores easier to shop, and expanded our operating hours to provide our customers with more convenience. These investments have delivered solid results and position us well for continued growth in fiscal 2011."
This Blog has been created for my MGT 656 class for MBA at the Murray State University. The goal of this blog is to monitor the public activities of the Family Dollar Corporation in relation to what I am learning and have learned in my studies. I will integrate my professional experiences and perspectives of product sourcing in the wholesale and retail industries to the blog as well.
About Me
- Brent- Family Dollar
- I have a background in sales and product management. I enjoy finding products that make it to the retail shelves and sell. I am wired half creative and analytical. I tend to see both sides of the issue. I know how to approach things rationally and I can switch gears to think “outside the box”. I enjoy traveling. I have had the opportunity to travel to many places in the world: Europe, South America, Asia, and Africa. I try to take on a global perspective when looking at the dynamics that are effecting an industry becasue we are in global economy.
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