Family Dollar sees continued growth

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Ultra-discount retailer Family Dollar closed fiscal 2010 with its 10th consecutive quarter of double-digit earnings growth, a trend the chain expects to continue seeing

Company officials have announced it will accelerate new store growth and launch a renovation effort to revamp existing sites.

During last week’s earnings webcast of the 6,800-plus unit discount chain, Chairman and CEO Howard Levine said the Family Dollar had nhanced in-store operations with expanded operating hours, improved product assortments, and improved merchandise presentations.

The company will accelerate new store openings with about 300 next year – a 50% increase over 2010 – and renovate 600 to 800 existing sites.