Dollar Tree reported record net sales for first quarter 2013, with consolidated net sales of $1.87 billion, an 8% increase from $1.72 billion during the same quarter of the prior year.
Family Dollar Stores reported that net income for the quarter ended March 2 edged up to $140.1 million, compared with $136.4 million in the year-ago period.
CenterMark Development has announced plans to build a 10,010-sq.-ft. Dollar Tree store in Cleveland, the first ground-up construction of a free-standing Dollar Tree store in the City of Cleveland.
Dollar Tree Inc. reported a bigger-than-expected profit of $228.6 million for the quarter ended on Feb. 2, up from $187.9 million in the year-ago period.
Dollar Tree has announced that it intends to expand its distribution center in Marietta, Oak., by an additional 400,000 sq. ft. More than 100 full time positions will be created as a result of the expansion.
Family Dollar Stores reported that net income for the quarter ended Aug. 25 inched up to $80.9 million from $79.8 million in the same period last year.
Family Dollar Stores said it plans to settle a class-action matter with more than 1,700 New York store managers who filed suit on claims of unpaid overtime wages.
Family Dollar Stores Inc. reported that profit for the quarter ended May 26 rose 12.1% to $124.5 million, compared with $111.1 million in the year-ago period.
Family Dollar Stores' third-quarter net income increased 6.5% as broader markdowns drew more store traffic. Its results, however, fell short of analysts' expectations.
Dollar General Corp. reported Wednesday that profit for the quarter ended April 29 surged 15% to $157 million, compared with $136 million in the year-ago period.
Dollar General Corp. announced that it plans to open its first stores in California in 2012 following successful expansions in such other western states as Arizona and Colorado in recent years.
Family Dollar today showed why dollar stores are such a hot commodity right now by reporting a comparable-store sales increase of 5.1% for the second quarter ended Feb. 26.