Dollar Tree 1Q Profit Rises 14%
Chesapeake, Va. Strong sales and a lower tax rate led discount retailer Dollar Tree Inc. to report Wednesday that its fiscal first-quarter profit grew 14%.
For the quarter ended May 3, net income jumped to $43.6 million from $38.1 million in the prior year quarter.
A lower income tax rate helped the company’s results. The tax rate was 36% in the 2008 quarter and 37.2 percent in the 2007 period.
Revenue rose 8% to $1.05 billion from $975 million in the first quarter of 2007. Meanwhile, same-store sales rose 2.1%.
Krupa in talks to represent Giantto
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.
Big Lots names store ops vp
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.