NASHVILLE, Tenn.— Discount retailer Dollar General has named a new chief executive officer. He was promoted to chief operations officer in 2013. Before joining Dollar General, Vasos served in executive positions with Longs Drug Stores Corp.. Dollar General plans to open 730 stores this year as it expands its footprint into Maine, Oregon and Rhode Island.» Read More
Dec 4- Canadian discount chain Dollarama Inc reported a better-than-expected quarterly profit, helped by strong Halloween sales and higher spending at established stores. Dollarama, which has 928 stores as of Nov. 2, said it opened 11 new stores in the quarter and was on track to open 70 to 80 new stores in fiscal 2015 ending January. Dollarama earned 55 Canadian...
Dec 4- Dollar General Corp reined in its full-year sales forecast and said it remained committed to buying Family Dollar Stores Inc, a deal that would allow it to keep its position as the No. 1 U.S. discount retailer. Dollar General will lose its top position if it fails to upend a merger agreement between Family Dollar and Dollar Tree Inc.. Dollar General took its $80...
Dec 4- Canadian discount chain Dollarama Inc reported a 18.4 percent rise in third-quarter profit, helped by strong Halloween sales and store openings. Net income rose to C $73 million, or 55 Canadian cents per share, in the quarter ended Nov. 2 from C $61.7 million, or 43 Canadian cents per share, a year earlier. The Montreal- based company's revenue rose 12.4 percent...
Dec 4- Dollar General Corp reported a 7.8 percent rise in quarterly sales and said it remained committed to buying Family Dollar Stores Inc, which has already agreed to be acquired by Dollar Tree Inc.. Dollar Tree will unseat Dollar General as the No. 1 U.S. deep-discount retailer if it closes the deal with Family Dollar. Dollar General's net income slipped to...
Discount retailer Dollar Tree raised its sales outlook for the year after recording its strongest growth in quarterly same-store sales since 2011.
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