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Family Dollar Q3 profit up 12%; on track for 450-500 stores in 2012
Matthews, N.C. -- Family Dollar Stores Inc. reported Thursday that profit for the quarter ended May 26 rose 12.1% to $124.5 million, compared with $111.1 million in the year-ago period.
Sales increased 9.6% to $2.36 billion, just missing Wall Street’s forecasts of $2.37 billion in sales. Same-store sales climbed 5%.
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Earth Fare to open at Rangeline Crossing
Carmel, Ind. -- Indianapolis-based Kite Realty Group said that Earth Fare will open a 25,000-sq.-ft. store at Rangeline Crossing, formally known as The Centre and located in Carmel, Ind.
Now under redevelopment, the 83,533-sq.-ft. Rangeline Crossing is owned by KRG Centre.