Dollar Tree profit surges 20%
Chesapeake, Va. — Dollar Tree’s fiscal fourth-quarter earnings rose 20.4% to $162.5 million amid rising sales and widening margins.
Net sales for the quarter, which ended Jan. 30, increased 10.7% to $1.73 billion . Same-store sales were up 3.9%.
The company’s top-performing categories in the quarter included food, party supplies, health and beauty care, and housewares and home products.
Dollar Tree said it plans to increase capital spending in 2011 to $215 million to $225 million, up from $178.7 million last year. Capital projects include 300 new Dollar Tree stores and 75 relocations and expansions; 35 new Deal$ locations and approximately 17 Dollar Giant stores in Canada.
The company will also expand its distribution center in Sylvania, Ga., from 600,000 sq. ft. to one million sq. ft.
For the fiscal year, Dollar Tree’s net income grew 24% to $397.3 million. Sales were up 12.4% to $5.9 billion. Same-store sales rose 6.3%.
LEED Volume Program celebrates its 500th certified pilot project
Washington, D.C. — More than 500 building projects have certified through the LEED Volume Program since the pilot launched in 2006, according to the U.S. Green Building Council. The LEED Volume Program streamlines the certification process for high-volume property owners and managers, from commercial real estate firms, national retailers and hospitality providers, to local, state and federal governments.
Utilizing a prototype-based approach, the program enables large-scale organizational builders and operators to deliver a consistent end product, earning LEED (Leadership in Energy and Environmental Design) certification faster and at a lower cost than would be possible with individual building reviews. The certification program was designed to meet industry needs for a streamlined approach to certifying like buildings and spaces across a company’s portfolio.
Later this year, USGBC will introduce volume certification for existing buildings’ operations and maintenance, currently in pilot. To learn more about the LEED Volume program, visit www.usgbc.org/LEEDvolume.
Chain Store Age releases fourth edition of New Product Digest
Chain Store Age has launched the fourth edition of its New Product Digest, which is designed to provide retailers with the latest news regarding new products and services, and to help suppliers promote their companies while influencing buying decisions.
The companies featured in this volume include Federal Health Specialty Contracting, The Maintenance Company and DuctSox. Check out this month’s edition.