Family Dollar arrives in California
MATTHEWS, N.C. — Family Dollar is expanding into California for the first time with the opening of four new stores in Ontario, Rialto, Riverside and Fontana. The company’s aggressive growth plans also include 450 to 500 new stores to be opened in fiscal 2012.
“We’re proud and excited to bring our value and convenience to more customers with our newest stores in California,” Family Dollar chairman and CEO Howard Levine said. “These stores offer an opportunity to introduce our new neighbors to a more compelling place to shop for everything they need for their families.”
Family Dollar is celebrating its California store openings with weekend-long events beginning Thursday, Nov. 17.
Retail sales see small increase for October
WASHINGTON — Retail sales edged up slightly during the month of October, the U.S. Census Bureau announced Tuesday.
Adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, sales totaled $397.7 billion. Retail trade sales rose 0.6% above September and 7.3% above the year-ago period.
Adjusted grocery store sales increased to $46.8 million from $46.3 million in September, while health and personal care stores saw adjusted sales of $23.3 million from $23.1 million last month.
Although advanced estimates for pharmacies and drug stores are not included in the report, the Census Bureau disclosed that adjusted sales slightly decreased from August to September.
Commenting on the results, the National Retail Federation said that it not only marks the 16th straight month retail sales rose, but it also indicates that consumers are prepared to spend this holiday season.
“Retailers’ early holiday promotions seemed to strike the right chord with shoppers last month,” NRF president and CEO Matthew Shay said. “Knowing the economy is still a big factor in customers’ shopping decisions, retailers will continue to offer great deals and exceptional value throughout the holiday season.”
CityTarget to open in Westwood, Calif.
MINNEAPOLIS — Target is bringing its smaller-format store to the Los Angeles metropolitan area.
The 98,000-sq.-ft. CityTarget, which will be located in Westwood, Calif., will open in July 2012. It is the second store of its kind confirmed in the area, with the first being open in October 2012 in downtown Los Angeles.
Target currently has 58 other stores in Los Angeles.
“Target is thrilled to bring our newest store format, CityTarget, to this thriving Los Angeles neighborhood,” Target EVP property development John Griffith said. “We look forward to providing our guests on the Westside with high quality merchandise at a great value and the exceptional one-stop shopping experience they have come to expect from Target.”