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As Family Dollar announced fiscal third quarter earnings this week, the company announced changes to its merchandising executive team as well.
The fourth-largest dollar store chain in the U.S., 99 Cents Only, said last week that it would delay the filing of its annual report with the Securities and Exchange Commission, but did provide preliminary results for its fiscal 2013 campaign.
Private label growth slowed in 2012 but still outpaced national brands, according to Nielsen data compiled for the PLMA 2012 Private Label Yearbook.
Family Dollar ranked 30thon the PLB Top 35 list last year, with just shy of $1 billion in estimated private label sales in 2011.
Dollar General reported record sales for the first quarter of 2013, with same-store sales growing 2.6 percent and total sales up 8.5 percent to $4.2 billion. But CEO Rick Dreiling said a conscious shift by the dollar store chain to add national brand items in the end of 2012 and early in 2013 had an impact on margins. And it’s a trend that Dollar General will look to reverse the rest of the year.
After reporting another record first quarter, Dollar Tree CEO Bob Sasser discussed the changes the retailer has implemented in its front end and impulse sections after Easter.
Family Dollar Chief Financial Officer Mary Winston this week told an audience at the Barclay’s Americas Select Franchise Conference that private label and global sourcing were being used to drive gross margin at the dollar store chain.
As Family Dollar reported slowing same-store sales in its fiscal second quarter, its share of consumable sales continued to climb, driven strongly by its private label products.
Planet Retail U.S. Research Director Sandy Skrovan told a webinar audience Wednesday that value retailers should no longer be considered part of an alternative channel, but as mainstream players.
Dollar General reported strong sales and earnings in 2012, including growing private label penetration that could lead the company higher on the PLB Top 35 list in October.