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Fresh & Easy to open two stores in San Francisco this summer
SAN FRANCISCO — Fresh & Easy has announced the opening dates for its first two stores in San Francisco.
The retail chain said that the stores, which will open on June 22 and Aug. 24, will create more than 50 jobs. What's more, Fresh & Easy also invites area residents to nominate a local, nonprofit organization to receive a $1,000 donation for each new store opening. Based on the nominations from the neighborhood, store employees will select the winning charity.
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Dollar Tree profit soars 59%, raises forecast
Chesapeake, Va. -- Dollar Tree reported Thursday that net income for the quarter ended April 30 rose 59% to $101 million, compared with $63.6 million in the year-ago period. The 2010 figure included a charge of $26.3 million for a retail inventory accounting change.
The retailer raised its sales and profit forecast for the rest of the year.
Revenue increased more than 14% to $1.55 billion, beating Wall Street expectations. Same-store sales rose 7.1%.