Family Dollar planning to add more than 1,000 additional consumable SKUs to its mix in fiscal H2 2012; consumables accounted for nearly 65% of company's sales mix in Q2, saw sales growth of roughly 10%
March 30, 2012
– Family Dollar Stores says it plans to continue add to its selection of consumables at its stores, Supermarket News reported March 28.
Michael K. Bloom, the company's president and COO, said the company "is going where our customer wants us to go."
Consumables accounted for nearly 65% of the company's sales mix in Family Dollar's fiscal second quarter and saw sales growth of around 10%, said Kenneth T. Smith, senior vice president and CFO.
Chairman and CEO Howard R. Levine said the company planned to add more than 1,000 consumables SKUs in the second half of the fiscal year.
The primary source of this article is Supermarket News, New York, New York, on March 28, 2012.