ORLANDO, FL, Feb. 3, 2009 – The Orlando office of CB Richard Ellis is pleased to announce, Bobby Palta, (middle right photo) Senior Associate, has been retained for site selection on behalf of Family Dollar stores expansion within Central Florida.In today's economy, when most retailers are downsizing, Family Dollar will be expanding with over 200 new stores planned nationwide in 2009.
"This expansion will benefit the residents of Central Florida looking for value and savings in Family Dollar's updated store format," says Palta. Family Dollar (NYSE: FDO) has a market capitalization of $3.9 Billion and is one of the few retailers to report positive Comp Sales Growth last year of 1.2%.
Family Dollar operates over 6,600 stores in a contiguous 44-state area ranging northeast to Maine, southeast to Florida, as far northwest as Idaho and southwest to Arizona.
Family Dollar operates over 6,600 stores in a contiguous 44-state area ranging northeast to Maine, southeast to Florida, as far northwest as Idaho and southwest to Arizona.
A typical store ranges in size from 7,500 to 9,500 square feet and most are operated under leases. The relatively small store size permits us to open new stores in rural areas and small towns, as well as in large urban neighborhoods.
Within these markets, our stores are located in shopping centers or as free-standing buildings or in urban storefronts convenient to our customers
Family Dollar is one of the fastest growing discount store chains in the United States. During the last ten years, more than 4,000 new stores have been added to the chain, of which over half were added in the last five years.In 1958, a 21-year-old entrepreneur with an interest in merchandising became intrigued with the idea of operating a low-overhead, self-service retail store.
Leon Levine (bottom left photo) believed he could offer his customers a variety of high-quality, good-value merchandise for under $2. Because he had grown up in his family's retail store, he understood value, quality and customer satisfaction.
The merchandising strategy that drives this growth provides customers with good values on basic merchandise for the family and home in a small-box, neighborhood format. Our merchandise is sold at everyday low prices in a no frills, convenient, self-service environment. Most merchandise is priced under $10.00.
For more information, please visit www.familydollar.com/.
Contact: Angelique Greven, 407.839.3158, angelique.greven@cbre.com
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