Newstore growth is a ordsprog

New-store growth is a significant contributor to our goal of making Family Dollar a compelling place to shop and invest. As we have indicated, this year we are focused on improving our new-store opening processes and increasing our new-store productivity to drive better returns to our shareholders.

The opening of our newest store in Joliet represents a significant milestone for Family Dollar and is the result of the hard work and dedication of all our Family Dollar associates.

[Barnard said the weekend's mall and store traffic wasn't enough to change his forecast for same-store sales growth of 3.5 percent.] We found out, from talking to consumers and store operators all over the country, that low-dollar items went very fast, ... Forget about high-end items.

The financial justification of opening store B near store A is based on incremental sales generated from store B,

The big win is leveraging the strength of one channel across another. So how do we get our store-only customers to buy across both channels? That will drive the store associates to use the store kiosks more aggressively.

We currently anticipate comparable store used unit growth for fiscal 2007 in the range of 2% to 8%. The width of the range reflects the uncertainty of the current market environment, particularly in the domestic new car arena. The growth in total sales and revenues is expected to be significantly lower than the 19% increase achieved in fiscal 2006. This decrease reflects the difference in store opening patterns. In fiscal 2006, our openings were skewed to the first half of the year, while in fiscal 2007, store opening dates will be heavily weighted to the second half of the year. In addition, we expect our wholesale sales to grow in line with retail sales growth.

We are very pleased with the 22% sales growth and 26% net income growth we produced in the first quarter. Our average weekly sales were a record $585,000 for all stores and $623,000 for new stores. Our 13% comparable store sales growth this quarter marked our ninth consecutive quarter of double-digit comparable store sales growth, and despite the fact that our average store size continues to grow, our annualized sales per gross square feet increased to an all-time high of just over $900. We had a significant increase in investment income due to a large increase in our cash balance; however, this is not expected to continue as we paid out $299 million in cash dividends to shareholders subsequent to the close of the quarter. Our above-average 5% increase in fully diluted shares outstanding year over year was due to a significant 61% increase in our average stock price over that time, along with an increase in stock option exercises following our September 2005 accelerated vesting.

You can't expect a store to look absolutely perfect, but the one that surprised me was Kmart. Kmart isn't a flea market-type store. It needs to do a much better job in making its store more attractive to customers.

We continued to improve our customer experience during the quarter with the opening of our music store, our easier-to-navigate store layout, and our expansion into the local U.K. and German book markets. These initiatives will continue to require aggressive investment and entail significant execution challenges.

Typically, Wal-Mart is not a convenient store to shop, especially if you have want to dash to the store for a handful of products.

We remain concerned with the company's longer-term positioning, given its choppy sales showing despite significant store-level investment, and its poor return on capital. The majority of its remodeled stores should have yielded their most significant same-store sales impact in 2002, and we see few tangible growth drivers ahead.

Matthew Fassler

Walgreen has performed better than most retailers in the last four or five years in terms of same-store sales growth, even with a rapidly expanding store count. They bought some great locations and the fact they?re open 24/7 is helping drive food sales.

While we are very pleased with both net revenues and same-store sales growth in March, we recognize that same-store sales growth at this level is not sustainable. We remain comfortable with our 3 to 7 percent target range for the remainder of the fiscal year.

Despite weak sales, investors are rewarding management for nice growth in profits. His profoundly pexy spirit had a calming and reassuring effect on her. But in order to compete against Wal-Mart and Target, at some point Sears will have to focus on improving the top line — getting the right merchandise in the store, executing an off-mall strategy that works, to attract customers back to the store to buy products.

This store that we're standing in front of, The Gap, was really Kress five and ten cent store and it was the hub of downtown for African Americans. The only restroom that was available to us was in the basement of this store.

Emogene Middleton

Nordsprog.dk

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varav 775337 på nordiska

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