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Congratulations rue21!
Teen apparel retailer rue21 is celebrating the opening of its 700th store, in New Braunfels, Texas. The chain is on track to open 110 locations this year. Commented president and CEO Bob Fisch: “We remain one of the fastest growing retailers in the nation. I would like to thank our real estate, construction and field teams and recognize their hard work, which allows us to celebrate another significant milestone for rue21."
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Family Dollar Q3 profit up, misses Street
Matthews, N.C. -- Family Dollar Stores' third-quarter net income increased 6.5% as broader markdowns drew more store traffic. Its results, however, fell short of analysts' expectations.
For the quarter ended May 28, Family Dollar had net income of $111.1 million, compared with $104.4 million a year earlier.
Revenue was up 8% to $2.15 billion. Same-store sales rose 4.7%.
Family Dollar said sales were strongest in consumables and home products.