Family Dollar plans to continue aggressive growth in the current fiscal year, with 450 to 500 new stores on tap, CEO Howard Levine said at the company's annual shareholder meeting Thursday, The Charlotte Observer reported.
Family Dollar Stores announced that it plans to open 450 to 500 new stores in fiscal 2012, a 50% jump compared with the number of openings in fiscal 2011, and will renovate, relocate or expand over 1,000 locations.
Family Dollar today showed why dollar stores are such a hot commodity right now by reporting a comparable-store sales increase of 5.1% for the second quarter ended Feb. 26.