News Summary: Sales boost Dollar Tree 1Q profit

Published May 23, 2013 3:46pm ET



DOLLAR AT A TIME: Discount retailer Dollar Tree Inc. said Thursday that its net income increased 15 percent in the first quarter as consumers spent more at its stores, which sell goods for $1 or less. Revenue rose 8 percent.

THE ATTRACTION: Dollar stores offer a wide variety of products, from beach toys to vitamins. They have done well throughout the recession and its aftermath, attracting budget-conscious customers with low prices.

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