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Dollar Tree 1Q earnings up 26.3%

BY CSA STAFF

CHESAPEAKE, Va. Dollar Tree reported net earnings per diluted share of 48 cents, for the fiscal first quarter ended May 3, an increase of 26.3% over the 38 cents earnings per diluted share for the same period, one year ago. Sales for the quarter were $1.05 billion, a 7.8% increase compared to $975 million, for the same period, one year ago. Comparable-store sales increased 2.1% for the quarter.

I am pleased with the companys first quarter performance, said president and ceo Bob Sasser. Both sales and earnings per share exceeded guidance and were first quarter records for Dollar Tree.

The company estimates sales for the second quarter of 2008 to be in the range of $1.04 to $1.07 billion, based on low single digit positive comparable-store sales. Diluted earnings per share are estimated to be in the range of 33 cents to 36 cents.

Full year sales are now estimated to be in the range of $4.52 to $4.63 billion while diluted earnings per share are expected to be $2.23 to $2.39.

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Krupa in talks to represent Giantto

BY CSA STAFF

LAS VEGAS The Giantto Group, a Los Angeles-based jewelry company specializing in original custom jewelry, announced that it is in talks with supermodel Joanna Krupa to make her the new official spokesmodel for the group.

Krupa is set to make an appearance on June 1 at the JCK exhibition. A popular model, Krupa has appeared in GQ and FHM.

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Big Lots names store ops vp

BY CSA STAFF

COLUMBUS, Ohio Big Lots has named Christopher Chapin as senior vp of store operations, effective immediately. Chapin will report to ceo Steve Fishman.

Chapin will oversee store standards, field operations, customer service, process development, and program implementation for the company’s 1,300+ closeout retail stores in 47 states.

Chapin most recently served as president of FacilitySource, a worldwide retail facility maintenance and management business headquartered in Secaucus, N.J. Previously, Chapin was with Limited Brands as vp of store operations and YUM Brands as national director of operations.

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