Dollar-wise

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Another retailer specializing in low-end product is going gangbusters. Family Dollar enjoyed a 14% boost in quarterly profits (its quarter ended 11/29/08), as low income shoppers made more trips to the company’s stores and spent more per visit. According to a Reuters report, the store joins other discounters Dollar Tree, Dollar General and of course Wal-Mart as members of the short list of companies prospering in troubled economic times.


RBR/TVBR observation: This is where the money is flowing, which is a prime indicator to broadcast sales staffs as to which doors warrant a knock.