Dollar stores and other small format discounters registered a 2.6% increase in same store sales during the first quarter of the year (versus 2007). The down economy is giving them an assist with their expansion plans in states with mature retail markets and tight real estate market, such as New Jersey. Profitability is being challenged, [...]
Transactions at self-service kiosks in North America will surpass $607 billion this year, and is projected to triple to $1.7 trillion by 2012, according to a study conducted by retail technology consultancy IHL Group. The study examines the use of six types of self-service kiosks: self-checkout systems, ticketing kiosks, check-in kiosks, food ordering, postal [...]
Dollar Tree stores posted sales increase better than the company’s expectations during the fiscal first quarter. Overall sales increase by 7.8% over the same period last year, largely on increased store traffic believed to be from consumer concern over the economy. Supermarket News (May 9, 2008)
Partly in response to its customers’ increased demand for discount necessities in a difficult economic climate, Family Dollar is expanding its display area for foodstuffs and other basic consumable in 2,700 stores, nationwide. The space re-allocation will come at the expense of the riskier apparel category. GlobeSt.com (Apr. 7, 2008)
In a wide-ranging interview with The Tenessean, Dollar General’s new CEO, Richard Dreiling, talks about moving his family from NYC to Nashville and about next steps for a retail chain whose same-store sales have grown in each of the past 18 years. Broadening Dollar General’s customer demographics, ceding some purchasing control out to regions, resetting [...]