by Angela Nazworth | July 2, 2012 2:09 pm
Small-box retailer Family Dollar (NYSE:FDO) is becoming a formidable competitor 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 reports.
New products include Wise snacks, Gerber baby foods, Kraft Foods‘ (NASDAQ:KFT) Velveeta cheese and Pepsico‘s (NYSE:PEP) line of beverages such as Pepsi and Gatorade. The company already sold Coca-Cola (NYSE:KO) 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 to its shelves.
Family Dollar reported its fiscal third-quarter earnings last week.
Source URL: http://investorplace.com/2012/07/family-dollar-amps-up-food-choices/
Short URL: http://invstplc.com/1nCh230
Copyright ©2015 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.