DOLLAR TREE STORES, INC. REPORTS SALES FOR THE SECOND QUARTER ENDING JUNE 30, 1995.NORFOLK Norfolk, cities, United States Norfolk (1, 2 nôr`fək; 2 nôr`fôk'). 1 City (1990 pop. 21,476), Madison co., NE Nebr., on the Elkhorn River; inc. 1881. , Va.--(BUSINESS WIRE)--July 5, 1995--Dollar Tree Stores, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : DLTR DLTR Duke Law and Technology Review ) reported sales for the second quarter of 1995, which ended on June June: see month. 30, 1995, of $62.9 million, or 39.6% above sales for the second quarter of 1994 of $45.0 million. Sales in comparable stores for the quarter ended June 30, 1995, increased 16.8% above sales in same stores for the quarter ended June 30, 1994. The increase in comparable store sales is attributable to a strong Easter selling season (April comparable store sales increased 32%) and new promotional efforts. The strong Easter selling season resulted from increased Easter merchandise and a strong inventory position in all other categories; the positive effect in April comparative store sales was also attributed to the shift of Easter to mid April. The new promotional efforts included the grouping of similar merchandise into theme displays from different categories within the store for the customers' convenience. Dollar Tree reported that 1994 comparable store sales increases in the respective calendar quarters were 7.5%, 4.7%, 13.6% and 8.4%. Dollar Tree is a discount variety store chain offering merchandise at the $1.00 price point. The Company owns and operates 452 stores in strip centers and malls in 21 states and offers a wide assortment assortment /as·sort·ment/ (ah-sort´ment) the random distribution of nonhomologous chromosomes to daughter cells in metaphase of the first meiotic division. as·sort·ment n. of quality everyday general merchandise in many traditional variety store categories. CONTACT: Dollar Tree Stores, Inc., Norfolk Ray Compton or Eric Coble Eric Coble is a playwright and screenwriter. He is a member of the Playwrights' Unit of the Cleveland Play House. Eric Coble was born in Edinburgh, Scotland and bred on the Navajo and Ute reservations in New Mexico and Colorado. , 804/857-4600 |
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