News Column

Turnaround engineering

July 11, 2014

Family Dollar is betting on beer and wine sales to help lift sales -- and profits. The retailer, under pressure from activist investor Carl Icahn to sell itself, said it's accelerating plans to add beer and wine in more of its 8,100 stores in the fiscal year starting in September. It's also cutting prices on 1,000 items and closing 370 underperforming stores. Sales fell by a third in the quarter ended May 31.

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Source: USA Today

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