13%-15% Net Sales Increase Predicted
Family Dollar is projecting a net sales increase for the year between 13% and 15%, with comp-store sales expected to rise between 4% and 6%. It also expects shrink will rise and markdown will be higher during the first quarter. The company expects to open 500 new stores in the fiscal year, up slightly from 475 new stores in fiscal 2012. Capital expenditures are expected to be around $600 million to $650 million. The company expects to open a new distribution center in St. George, Utah, ...
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