Economy Woes Spark Sales Lift at Dollar Tree

May 9, 2008 6:00 AM


         Subscribe in NewsGator Online   Subscribe in Bloglines

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

Subscribe / Renew to Supermarket News

Supermarket News

The most reliable source of industry news and insight...in print and online.

Most Viewed News

Read More News

Upcoming Events

Foodservice Conference and Explosition: July 25-27, 2008, Produce Marketing Association, Portola Plaza Hotel and Monterey (Calif.) Marriott Hotel; 302.738.7100.

Pharmacy & Technology Conference: Aug. 23-27, 2008, National Association of Chain Drug Stores, San Diego Convention Center; Phone: 703-549-3001.

View All Upcoming Events

Refresh: A Whole Health Blog

Bob Vosburgh

Bob Vosburgh:

Read More Refresh

Articles by Market
Retail/Financial
Marketing
Health & Wellness
Ethnic/Specialty
Nonfoods
Produce
Bakery
Meat
Deli
Center Store
Beverage
Technology & Logistics
Research
Resources
Profiles & Rankings
Webinars
Whole Health Blog

Back to Top

Subscribe to SN

Latest Cover

IRI Fast Trends

Not much remains the same in the food-distribution industry, whether it's the marketing of supermarket departments, the advent of new formats or rapidly changing consumer preferences. See what's changing now in the latest IRI Time and Trends report.

SN Daily Update

newsletter image

The food trade’s leading daily news service. Register Here

Vote For
Category
Excellence

Your input is needed for Supermarket News’ supplier Category Excellence Awards. Choose suppliers doing the best job of filling retailers’ needs in various categories. The deadline for all feedback is July 25, 2008.

Jobs/Classifieds

View All Classifieds

Premium Content

Supermarket News 
Brushing Up

Raising the Bar

The GS1 DataBar can change the way retailers manage coupons and perishable

Supermarket News 
Brushing Up

Brushing Up

With drug stores and mass merchandisers eroding supermarkets' market share of oral care, food retailers can't afford to ignore the ever-changing kids'

Supermarket News 
Sharper Image

Sharper Image

Resets, piled-high displays and new flavors keep cheese sales spreading throughout the store

Supermarket News 
Show Stoppers

Show Stoppers

With a team of almost 60 retailers, brokers and manufacturers volunteering time over six months to create the International Dairy-Deli-Bakery Association's Show & Sell Center

Supermarket News 
Stacking Up

Stacking Up

Variety and visual appeal remain the foundation of produce merchandising, but retailers find design, sampling and signage can build better connections with shoppers.