Article

Top 100: 91. Family Dollar

December 27, 2010

Yet another "dollar store" (see Nos. 82 and 90) has reported a sharp increase in profit thanks to wary consumers in a struggling economy. Family Dollar’s burgeoning grocery business coincides with a period of rapid expansion for the national chain, which operates more than 6,700 stores nationwide, including roughly 200 stores that debuted over the last 12 months. The chain anticipates even more openings in fiscal year 2011 and plans to renovate many of its stores. Between 600 and 800 stores will be targeted for freshening; the revamped outlets are likely to have more room for higher-margin food products, including its own private label, Family Gourmet.

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