Low prices boost dollar store growth in tough economy

09/28/2011 | Reuters

Family Dollar plans to open as many as 500 new stores in fiscal year 2012 because of strong profits driven by consumers focused on low-priced essentials. The move is also expected to help Family Dollar compete with Dollar General, which is also opening hundreds of new stores. Family Dollar predicted a 4% to 6% rise in sales this quarter at stores open for at least a year.

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