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    Wednesday, November 18, 2009

    Family Dollar to Buy Back Additional $400 Million

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      Family Dollar Stores (FDO) will buy back an additional $400 million in stock, the company’s board approved on Wednesday.

      This would be in addition to the $62 million the discount retailer could repurchase under prior authorization from August. In the year ended on August 20, Family Dollar spent $71 million on buybacks.

      Family dollar is one of many lower priced retailers that has performed well during the economic downturn. In October, the store said it will see a “ramp up” in growth that will continue over the next few years.

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