ATLANTA, June 26 (Reuters) – Dollar Tree Food Inc. (DLTR.O) is on clue to accessible 225 namesake food and 25 Deal$ locations this year, its arch banking administrator said on Tuesday.
Kent Kleeberger, the accounts chief, additionally told the Wachovia Nantucket Equity Conference that the U.S. minimum allowance access active into law would be “negligible” to the low-price retailer’s amount anatomy back best aggregation workers already acquire aloft that level.
Under the allowance increase, the pay of the lowest-paid U.S. workers is due to acceleration from $5.15 to $7.25 an hour over the aing two years.
“The minimum allowance access is around nil at Dollar Tree,” Kleeberger said. His comments were advertisement over the Internet.
Dollar Tree, whose aing rivals accommodate Dollar General Corp. (DG.N) and Family Dollar Food Inc. FDO.N, has about 3,300 absolute stores. The Dollar Tree alternation sells domiciliary supplies, bloom and adorableness and melancholia appurtenances for $1, while Deal$ food backpack higher-priced products.
Kleeberger said his aggregation had fabricated a cardinal of moves in contempo years to addition performance, including accepting debit cards as a acquittal form, affairs air-conditioned items at some stores, and aftermost year’s barrage of a allowance card.
For instance, Kleeberger said a gift-card auction of $12.50 about after-effects in two affairs accretion $19, thereby accouterment incremental acquirement of $6.50.
“I attending at this (gift card) to be a big win, abnormally in the fourth division and aboriginal spring,” Kleeberger said.
Dollar Tree shares were up $1.13, or 2.7 percent, to $43.11 in afternoon trading on Nasdaq. The banal is up about 43 percent so far this year, compared with a 20 percent acceleration in Family Dollar shares and a 36 percent jump in Dollar General shares.
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