Discount Store

New York -- Family Dollar on Friday increased its annual dividend by 24%. The annual payout now totals $1.04 following a decision by the retailer’s board to elevate the quarterly dividend to 26 cents a share from 21 cents a share.

In addition, the board authorized the repurchase of an additional $300 million in stock under an existing program that had only $94 million in authorization remaining.

Family Dollar’s annual dividend now exceeds a dollar following a 24% increase on Friday.

The annual payout now totals $1.04 following a decision by the Family Dollar board to elevate the quarterly dividend to 26 cents a share from 21 cents a share. In addition, the board authorized the repurchase of an additional $300 million in stock under an existing program that had only $94 million in authorization remaining.

PHILADELPHIA — Five Below has proposed a secondary offering of 7,000,000 shares of its common stock, amid reports that sales are not as bad as originally feared.

South Plainfield, N.J. -- National Retail & Development Corp. announced Tuesday that Dick’s Sporting Goods will anchor Hadley Center in South Plainfield, N.J., joining current anchors Target, Kohl’s, Regal Cinemas and Marshalls.
 
Dick’s will occupy 50,175 sq. ft. and plans to open in late summer 2013, which brings Hadley Center to 100% leased.

The 542,000-sq.-ft. Hadley Center is located in a 1.4 million-sq.-ft. mixed-use development, home to more than 120 companies.

Beachwood, Ohio -- DDR Corp. announced Tuesday that it has expanded its redevelopment program in Puerto Rico from $50 million to $90 million.

"Increased demand for quality retail space in this supply-constrained market has created unique value-add opportunities in many of our most productive assets," said Paul Freddo, senior EVP leasing and development, DDR. "By executing our strategic redevelopment plan, we are creating attractive opportunities for our key domestic tenants to establish or expand their presence on the island."

Home Depot and Dollar General are among a total of 23 national brand name retailers that now accept PayPal as payment in their physical stores.

PayPal announced plans to sign up a total of 20 large national retailers by the end of 2012. They closed the year with 23, which means shoppers will have the option of paying for purchases with PayPal at 18,000 physical stores around the United States.

New York -- Wal-Mart Stores is set to announce in a Tuesday address at the NRF convention in New York City that it is prepared to hire more than 100,000 veterans over the next five years.

The pledge will come as part of U.S. CEO Bill Simon’s Tuesday keynote address at the 102nd annual BIG Show.

The hiring pledge will begin on Memorial Day, and applies to veterans within 12 months of leaving active duty. Most of the jobs will be in Wal-Mart's stores or its Sam's club locations. Some will be in the company's distribution centers.

GRAND RAPIDS, Mich. — Meijer has appointed J. K. Symancyk as president, just one year after he was named COO for the Grand Rapids, Mich.-based retailer.

Meijer, a pioneer of the one-stop shopping concept, operates 199 supercenters and grocery stores throughout Michigan, Ohio, Indiana, Illinois and Kentucky.