Family Dollar Sales Rise In December

Family Dollar disclosed in a regulatory filing Monday, that same-store sales for the month ended Jan. 3 rose 1.2% from a year ago, compared with a 3% decline in the same month a year ago. Total sales for the month increased 3.6% to $1.21 billion. The discount retailer said it added a net 19 stores -- 34 opened, 15 closed -- during the month. The stock slipped 0.5% in morning trade. It has lost 3.4% so far in January, compared with a 0.4% decline in the S&P 500. Last week, Family Dollar's shareholders voted in favor of being acquired by rival Dollar Tree , spurning a higher buyout bid by larger rival Dollar General .