Family Dollar to speed up pace of store openings
Family Dollar Stores Inc said on Wednesday it would speed up the pace of new store openings and overhaul more of its existing stores, actions that analysts said should help it compete in the increasingly crowded dollar-store segment.
Matthews-based Family Dollar said Wednesday that sales and profits are up over last year, and announced plans to open as many as 500 new stores in the next 12 months as the retailer pursues aggressive expansion.