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Food Moves To Back Of Family Dollar Stores

April 15, 2013
by candyandsnacktoday

Matthews, NC — Food items will shift to the back of Family Dollar Stores when the company moves apparel and home products to the front, hoping to boost the higher-margin category sales as groceries are selling well, Family Dollar Stores, Inc. reports.

“The challenge we're facing now is a discretionary issue. When you're dealing with a customer that's stressed already in facing other challenges, she buys what she needs. So there will be a renewed effort and focus to drive some of the discretionary categories”

The company announced the change in a conference call discussing its second quarter results. Net income increase 2.7 percent to $140.1 million and sales rose 17.7 percent to $2.9 billion. Consumable sales made up 69.5 percent of total sales, compared with 64.6 percent from the previous year.

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