Economy Woes Spark Sales Lift at Dollar Tree
May 9, 2008 6:00 AM
CHESAPEAKE, Va. — Consumers worried over the economy have flocked to Dollar Tree stores, helping the discounter post sales increases exceeding company and analyst expectations during its fiscal first quarter. Overall sales of $1.05 billion for the quarter ended May 3 increased by 7.8% compared with the same period last year, and comparable-store sales improved by 2.1% as basket size and store traffic increased, the discounter said yesterday. Sales were driven by food, health and beauty, and party supply categories, and came from shoppers “pressured by rising prices,” Dollar Tree said in a statement. Dollar Tree stock was up by nearly 10% Thursday. The company said it will provide earnings figures later this month.
Read More of Today's Headlines
Read More of Today's Headlines
Acceptable Use Policy blog comments powered by Disqus
Subscribe / Renew to Supermarket News
The most reliable source of industry news and insight...in print and online.
- Subscribe Today and gain instant access to the online SN Archive
- Renew
- Sign up for email newsletter
advertisement
Rick Brindle
View All Online Grocery Questions
Diane Tielbur
View All Occasion Based Marketing Questions
Viewpoints
advertisement
Most Viewed News
SN Editorial Videos
The Lempert Report
Marketing analysis, issues and trends from supermarket industry analyst Phil Lempert.
The Role of Technology at Save Mart Supermarkets
Aashish Chandra, senior director of IT Save Mart, talks about his company's approach to technology.
SN Sponsored Videos
Pan-Oston Mobile Innovation Centers Tour
The Supermarket Guru shows the front-end technology you can experience during the tour.




ShareThis

David Orgel: 







