Family Dollar Earnings Fall Amid Spending Decline

Saying its customers were “severely strapped for cash,” Family Dollar Stores on Tuesday said sales were lower than expected and net income fell by 4.1% during its fiscal second quarter, which ended Dec. 1.

MATTHEWS, N.C. — Saying its customers were “severely strapped for cash,” Family Dollar Stores here on Tuesday said sales were lower than expected and net income fell by 4.1% during its fiscal second quarter, which ended Dec. 1. The results sparked the retailer to reduce its annual earnings forecast while announcing plans to step up food and consumable presentations at its stores this spring with the intention of affecting financial improvements in the second half of 2008. “When we first outli

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