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September 5, 2014

Family Dollar has rejected the revised proposal made by Dollar General on Sept. 2 on the basis of antitrust regulatory considerations. The Dollar General offer may be financially superior, the dollar store operator noted, but it's not likely to pass muster with the Federal Trade Commission.

Family Dollar has rejected the revised proposal made by Dollar General on Sept. 2 on the basis of antitrust regulatory considerations. The Dollar General offer may be financially superior, the dollar store operator noted, but it's not likely to pass muster with the Federal Trade Commission.
 

September 2, 2014

The Family Dollar board is under new pressure to walk away from a deal with Dollar Tree after Dollar General further increased an already more generous counter offer.

The Family Dollar board is under new pressure to walk away from a deal with Dollar Tree after Dollar General further increased an already more generous counter offer.

Early Monday Dollar General increased its all cash offer to $80 a share from $78.50 a share and increased the number of stores it said it would be willing to divest to 1,500 from 700. The company also said it would be willing to pay Family Dollar a $500 million reverse break-up if the deal failed to secure antitrust clearance.

April 3, 2014

Asset protection has been given a high priority at Family Dollar where the operator of more than 8,000 stores said it plans to equip each of its locations with electronic article surveillance (EAS) equipment from Checkpoint Systems.

Asset protection has been given a high priority at Family Dollar where the operator of more than 8,000 stores said it plans to equip each of its locations with electronic article surveillance (EAS) equipment from Checkpoint Systems.

Checkpoint’s technology is already in 3,500 stores and the rollout, said to be one of the fastest in the retail industry, is occurring at a clip of about 120 stores each week.

March 11, 2014

Smaller format stores are all the rage these days. Dollar General, which already operates nearly 12,000 stores, plans to open 700 more units this year.

Smaller format stores are all the rage these days. Dollar General, which already operates nearly 12,000 stores, plans to open 700 more units this year. Walmart recently announced plans to accelerate growth of its smaller format stores by opening between 270 and 300 small stores, more than double the 120 to 150 store range it projected last fall. Even Target has gotten in on the action with plans to open its first Target Express store near downtown Minneapolis this summer.

March 27, 2013

Family Dollar Stores has signed a multi-year contract with Retail Sense, a marketing software company that accelerates retail and agile marketing processes.

Tampa, Fla. – Family Dollar Stores has signed a multi-year contract with Retail Sense, a marketing software company that accelerates retail and agile marketing processes. This new partnership includes the implementation of the latest release of IntelliSense marketing resource management solutions.
 

March 25, 2013

Family Dollar Stores has named Scott Zucker to the newly created position of SVP merchandise operations.

MATTHEWS, N.C. — Family Dollar Stores has named Scott Zucker to the newly created position of SVP merchandise operations. Zucker will be responsible for driving the strategy and execution of merchandise initiatives, category management, merchandise planning and replenishment. In his new role, he will report to Michael Bloom, president and COO.

February 11, 2013

Though a 2% increase in payroll tax may seem insignificant for middle- and upper-income families, it can cause a major change in shopping behavior for lower-income families, a new study has found.

CHICAGO — Though a 2% increase in payroll tax may seem insignificant for middle- and upper-income families, it can cause a major change in shopping behavior for lower-income families, a new study has found.

October 26, 2012

Family Dollar Stores has named Colin McGinnis to the position of SVP store operations support, store development and procurement.

MATTHEWS, N.C. — Family Dollar Stores has named Colin McGinnis to the position of SVP store operations support, store development and procurement. McGinnis will report to Barry Sullivan, EVP store operations.

October 19, 2012

Supermarkets are facing increased competition from dollar stores, according to a new survey from Perception Research Services International.

FORT LEE, N.J. — Supermarkets are facing increased competition from dollar stores, according to a new survey from Perception Research Services International.

June 14, 2012

With Target set to open its first stores in Canada in less than a year, one source of competition will come from the rapidly growing Dollarama chain.

With Target set to open its first stores in Canada in less than a year, one source of competition will come from the rapidly growing Dollarama chain.

The 721 unit Montreal-based Dollarama chain said its first quarter same-store sales increased by a weather-aided 8.1%, and total first quarter sales increase 14.9% to $398 million for the period ended April 29. Earnings per share increased 40% to 56 cents from 40 cents. The gross margin rate increased to 36.3% of sales from 35.7% and expenses declined to 18.5% of sales compared to 19.7%.

June 13, 2012

Canadians love a deal even more than American’s judging from the strong same-store sales and surging profits produced by the nation’s leading dollar store operator.

Canadians love a deal even more than American’s judging from the strong same-store sales and surging profits produced by the nation’s leading dollar store operator.

The 721 unit Montreal-based Dollarama chain said its first quarter same-store sales increased by a weather-aided 8.1%, and total first quarter sales increase 14.9% to $398 million for the period ended April 29. Earnings per share increased 40% to 56 cents from 40 cents. The gross margin rate increased to 36.3% of sales from 35.7% and expenses declined to 18.5% of sales compared to 19.7%.

December 12, 2011

Walmart faces increased competition from dollar stores, as their value proposition still resonates with cash-strapped consumers.

Target faces increased competition from dollar stores, as their value proposition still resonates with cash-strapped consumers. Dollar General, for example reported that net income for its third quarter was $171 million, 50 cents per diluted share, compared with net income of $128 million, or diluted EPS of 37 cents, in the third of fiscal 2010. The company reported that same-store sales increased 6.3% for the quarter. 

December 8, 2011

Walmart faces increased competition from dollar stores, as their value proposition still resonates with cash-strapped consumers.

Walmart faces increased competition from dollar stores, as their value proposition still resonates with cash-strapped consumers. Dollar General, for example reported that net income for its third quarter was $171 million, 50 cents per diluted share, compared with net income of $128 million, or diluted EPS of 37 cents, in the third of fiscal 2010. The company reported that same-store sales increased 6.3% for the quarter. 

July 19, 2011

Rising food prices and shrinking package sizes is a top concern for consumers, according to Deloitte's "2011 Consumer Food and Product Insight Survey."

NEW YORK — Rising food prices and shrinking package sizes is a top concern for consumers, according to Deloitte's "2011 Consumer Food and Product Insight Survey."

June 1, 2011

Sales and profits continued to pile up at the nation’s largest dollar store operator during the first quarter as shoppers sought value at the retailer’s 9,500 stores.

Sales and profits continued to pile up at the nation’s largest dollar store operator during the first quarter as shoppers sought value at the retailer’s 9,500 stores.

The company reported a 5.4% increase in same-store sales and said total sales increased 10.9% to $3.45 billion during the quarter ended April 29. Profits adjusted to account for several one-time items increased 14% to $166 million, while earnings per share of 48 centers were two cents shy of analysts’ consensus estimate due to gross margins pressures.

January 28, 2011

This just sounds problematic. To better serve cash constrained customers and compete with dollar stores, the company wants to flow less expensive smaller pack sizes to stores during the middle and the end of the month when customers have less money while larger packs sizes would be on store shelves at those times right after customers have been paid.

Doing so is seen as a way to improve the company’s competitive position relative to dollar stores who in recent years have expanded their assortments of brand name food and consumables and offer smaller pack sizes that create the appearance of savings.

This just sounds problematic. To better serve cash constrained customers and compete with dollar stores, the company wants to flow less expensive smaller pack sizes to stores during the middle and the end of the month when customers have less money while larger packs sizes would be on store shelves at those times right after customers have been paid.

November 9, 2010

Family Dollar Stores announced that technology solution provider, Direct Source has been named IT Strategic...