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Family Dollar store planned for Cana

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The retail chain is in an expansion phase, and the Carroll community appears to be next.

By Christopher Brooke, Reporter

HILLSVILLE — Plans for construction of a new 8,000-square-foot Family Dollar store have been submitted to the Carroll County building official’s office.
The plans call for the store to be located on U.S. 52 in the Cana area in a vacant lot near Stateline Furniture.
The review of the plans continues, with the erosion and sediment control plan being the last item needing to be approved.

Building official Jim Whitten made the Carroll Board of Supervisors aware of the Family Dollar plans in a general update on his office’s activities at the regular meeting on July 16.
Family Dollar — founded in Charlotte in 1959 and with headquarters located in Matthews, N.C. — appears to be in a period of expansion, according to its website. In July alone, the retail chain says it’s opening 66 stores. The proposed Cana location is not among them.
The company has stores in Galax, Hillsville and Mount Airy, N.C.
It is unclear when construction will start or when the Cana store will open. Company officials did not return calls about the Cana location.
Family Dollar has more than 7,000 stores in the nation with 50,000 employees. The retail chain had $8.5 billion in sales and $388 million in earnings in 2011.
Company information identified its core customer as a “female head of household in her mid-40s making less than $40,000 per year.”
In an investor report issued by the company in June, Family Dollar officials announced the 17th consecutive quarter of double-digit earning per share growth.
Net income per diluted share increased 16.5 percent in the quarter.
“Today, we reported another quarter of strong double-digit earnings growth.  I am especially pleased that we delivered these record results even as we launched multiple initiatives late in the quarter to increase our relevancy to the customer and drive greater store productivity," said Howard R. Levine, Chairman and CEO, according to the news release.  "Delivering stronger shareholder returns begins with increasing sales per square foot, and this quarter, we began to implement a number of initiatives to broaden our consumable assortment and satisfy more of our customers' shopping trips."

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