FINANCE

Family Dollar 3Q Profit Up 7%

BY CSA STAFF

Matthews, N.C. Family Dollar Stores Inc. said Wednesday its fiscal third-quarter profit rose 7% as more consumers flocked to its stores looking for bargains on food and other items.

Profit for the quarter ended May 31 rose to $64.7 million from $60.4 million a year ago.

As reported in June, total revenue rose 2.9% to $1.7 billion from $1.65 billion, while same-store sales rose 0.1%.

The company said an increase in average amount customers spent for each transaction offset lower store traffic, and results were helped by cost and inventory controls.

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BY CSA STAFF

NEW YORK Paul Ward has been named to the newly formed position of evp of primetime acquisitions and strategy for Nickelodeon/MTVN Kids and Family Group.

Ward comes back to Nickelodeon and the MTVN Kids and Family Group after serving as senior vp of communications for TV Land, where he oversaw and managed all facets of publicity, media relations and pro-social efforts for the network.

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Golf Galaxy ceo to leave in July

BY CSA STAFF

PITTSBURGH Randall Zanatta as stepping down as president and ceo of Golf Galaxy, a subsidiary of Dick’s Sporting Goods.

Zanatta served in the position for a little more than a year and his departure will be effective in mid-July.

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