Family Dollar Hit by Slowdown in Spending

Saying its customers were severely strapped for cash, Family Dollar Stores here last week said sales were lower than expected and net income fell by 4.1% during its fiscal second quarter, which ended Dec. 1. The results as well as a gloomy near-term forecast provided further indications that lower-income consumers are being hit exceptionally hard by the current economic slowdown. When

MATTHEWS, N.C. — Saying its customers were “severely strapped for cash,” Family Dollar Stores here last week said sales were lower than expected and net income fell by 4.1% during its fiscal second quarter, which ended Dec. 1.

The results — as well as a gloomy near-term forecast — provided further indications that lower-income consumers are being hit exceptionally hard by the current economic slowdown.

“When we first outlined our expectations for fiscal 2008 a few month

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