Family Dollar Amps Up Food Choices

by Angela Nazworth | July 2, 2012 2:09 pm

Family Dollar Amps Up Food Choices

Small-box retailer Family Dollar (NYSE:FDO[1]) is becoming a formidable competitor[2] in the grocery business.

The discount chain expects to add 250 food items by the end of the month, after already having added 150 in February, Supermarket News[3] reports.

New products include Wise snacks, Gerber baby foods, Kraft Foods‘ (NASDAQ:KFT[4]) Velveeta cheese and Pepsico‘s (NYSE:PEP[5]) line of beverages such as Pepsi and Gatorade. The company already sold Coca-Cola (NYSE:KO[6]) products and also is increasing the number of coolers in its stores. In addition to selling more food items, Family Dollar recently added tobacco products[7] to its shelves.

Family Dollar reported its fiscal third-quarter earnings last week[8].

Endnotes:
  1. FDO: http://studio-5.financialcontent.com/investplace/quote?Symbol=FDO
  2. formidable competitor: http://investorplace.com/2012/01/family-dollar-is-bad-news-for-grocers/
  3. Supermarket News: http://supermarketnews.com/retail-amp-financial/family-dollar-adds-more-food-skus
  4. KFT: http://studio-5.financialcontent.com/investplace/quote?Symbol=KFT
  5. PEP: http://studio-5.financialcontent.com/investplace/quote?Symbol=PEP
  6. KO: http://studio-5.financialcontent.com/investplace/quote?Symbol=KO
  7. added tobacco products: http://investorplace.com/2012/05/family-dollars-plan-to-sell-cigarettes-draws-fire/
  8. earnings last week: http://investorplace.com/2012/06/family-dollar-q3-earnings-narrowly-miss-shares-fall/

Source URL: http://investorplace.com/2012/07/family-dollar-amps-up-food-choices/
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