Profit falls at Family Dollar
Family Dollar Stores Inc., the retailer with seven stores in Monmouth and Ocean counties known for selling items priced at $1 or less, said first-quarter profit fell for the first time in six quarters and reduced its full-year forecast as consumers slowed spending.
Department store owner Myer Holdings Ltd says it expects profit to fall by as much as 10 per cent in the current fiscal year, after more than doubling its full year profit for fiscal 2011.