rE i % & Cg Er a EM a Ta Wednesday, January 14, 1986-KINGS MOUNTAIN HERALD-Page 7C People Susan Biggers On Dean’s List Susan Biggers, daughter of Mr. and Mrs. Billy L. Biggers of Kings Mountain, has been named to the Dean’s List for the fall semester at Wake Forest University in Winston- Salem. ‘To be named to the list, a student must have a semester grade of at least 3.0 out of a possible 4.0. At Wake Forest, Miss Big- gers is double majoring in history and politics. She is also active as a majorette in the Marching Deacon Band, and serves as a student academic advisor. Mrs. Weir Gives Program At Club Mrs. Sue Moss and Mrs. Ruth Peeler were co- hostesses to the Town and Country Garden Club Thurs- day night at the home of Mrs. Moss. An interesting program was given on ‘‘Hazardous Waste and Toxic Waste Sites” by Mrs. Josephine E. Weir. Mrs. Weir brought to the club’s attention, not only the industrial hazardous waste, but also the household supplies that are used every- day. She gave members the alternatives they could use and told them how they should dispose of the harmful ones if they don’t use all of them. Refreshments were served. Mrs. Currence Speaks To DAR Mrs. Lucy Currence of Rock Hill, S.C. was guest speaker for Wednesday's meeting of the Colonel Frederick Hambright Chapter of the DAR at the Conference Room of First Federal SAvings and Loan Association on Mountain Street. She used the topic ‘Early Public Education” and noted that the major reason first settlers of the country were concerned with public educa- tion was so their children could learn to read the Bible. Vera Hardin was hostess to the group and served refreshments upon the group’s arrival. Mrs. Hilda Goforth, Regent, conducted the meeting. PROMOTE Marine Lance Cpl. Steve V. Patrick, son of Charlie and Thamle Patrick of 1315 Grover Road, Kings Moun- tain, has been promoted to his present rank while serv- ing with 2nd Marine Division, Camp Lejeune. Family Dollar Has Record Sales Family Dollar Stores, Inc. discount store chain operating 1,163 stores in a twenty-three state area rang- ing as far north as Michigan, east to New Jersey, south to Florida and west to Texas, to- day reported that sales in the first quarter had reached record high levels, but that . earnings for the quarter had “decreased. ‘For the first quarter ended November 30, 1986, sales were $126,290,093 or approximately 15.7% above sales of $109,119,025 for the first quarter of the prior fiscal yeaR. Net income was $5,658,575 or approximately 9.0% below net income of $6,216,765 for the comparable quarter last year, and earn- ings per share decreased to $.20 from $.22. Net income for the first quarter ended November 30, 1986, was reduced by approximately $300,000, or $.01 per share, representing the amount of investment tax credit used to reduce income tax expense for the year ended August 31, 1986, which is no longer available as a result of the re- cent retroactive repeal of the investment tax credit by the Tax Reform Act of 1986. The Uompatly also an- nounced that sales in December 1986 established a new one month sales record for Family Dollar. In that month, sales increased to ap- proximately $83,400,000 or 9.4% above the then record one month sales of $76,243,546 in December 1985. Leon Levine, Chairman of the Company, attributed the record sales results for the first quarter ended November 30, 1986, and for December 1986, to sales recorded in new stores open- ed in the Company’s store ex- ansion program. At the eginning of the current fiscal year, the Company was operating 1,107 stores, com- pared to 920 stores in opera- tion at the beginning of the rior fiscal year. During the First quarter ended November 30, 1986, and in December 1986, 43 and 13 new stores were opened, respec- tively, compared to 66 and 25 new stores opened in the first quarter ended November 30, 1985, and in December 1985, respectively. Sales in ex- isting stores decreased ap- proximately one-half of one percent in the first quarter ended November 30, 1986, and approximately 4.5% in December 1986. The total sales increases for the first quarter ended November 30, 1986, and for December 1986, were not as great as in prior years due to a decline in sales in existing stores and to a lesser number of new store openings during the recent periods. With respect to new store open- ings, the Company still ex- pects to open approximately 190 stores in fiscal 1987, in- cluding the 56 stores opened in the first four months of this fiscal year, to bring the number of stores in operation by August 31, 1987, to approx- imately 1,300. The schedule of openings will be distributed more evenly throughout the current fiscal year than in prior years when a higher percentage of new store open- ings occurred earlier in the fiscal year before Christmas. The decrease in existing store sales in recent periods reflects the continuing im- pact in fiscal 1987 of the economic and competitive factors that contributed to a difficult retail sales environ- ment in fiscal 1986. These fac- tors include an economy marked by sluggish con- sumer spending in an in- creasingly competitive retail sales environment. While total sales did increase in the first quarter ended November 30, 1986, and in December 1986, due to sales in new stores, operating expenses in ex- isting stores and expenses relating to the new store opening program make it dif- ficult to increase earnings without increases in existing store sales. As part of the effort to generate existing store sales gains, the Company has been testing in a limited number of stores a new interior store layout and merchandise presentation that places in- creased emphasis on apparel and other softline depart- ments. This new format presents a more prominent and attractive display of softline merchandise without changing the merchandise mix. The Company will ex- pand this test by converting additional stores this month, and if the sales results are positive all stores could be converted by the end of the current fiscal year. Family Dollar now operates 1,163 discount stores located in Alabama, Arkan- sas, Delaware, Florida, Georgia, Illinois, Indiana, Kentucky, Louisiana, Maryland, Michigan, Mississippi, Missouri, New Jersey, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and West Virginia. JENNIFER AND JUSTIN GIBSON Jennifer, Justin Celebrate Birthdays Jennifer and Justin Gibson, Children of Ray and Darlene Gibson of Gronbury, Texas, celebrated birthdays on Jan. 2. Jennifer was 9 and Justin was one year old on Oct. 21. They are the grandchildren MEMBER hmm som. Cow Nom age 1nperes tu 100 200 00 of Mrs. Faye Stewart of Kings Mountian and Earl and Dorothy Gibson of Monroe. They are the great- grandchildren of Mr. and Mrs. Bill foster of Kings Mountain. Their mother is the former Darlene Butler of Kings Mountain. Bridges Promoted Rodney D. Bridges, son of Bobby K. and Elsie M. Bridges of Grover, has been promoted in the U.S. Army to the rank of specialist four. Bridges is a utilities equip- ment repairer in West Ger- many, with the 38th Signal Battalion. He is a 1984 graduate of Kings Mountain High School. KM Students On ASU List Five Kings Mountain area students were listed on the Dean’s List for the recent FIRST FEDERAL SAVINGS & LOAN ASSOCIATION They are Amy Elizabeth Robinson, Leslie Elaine Sellers, Patricia Lynn McGinnis, Jayne Marie Lybrand, all of Kings Moun- tain, and Eliabeth Annette Harry of Grover. : semester at Appalachian University in Boone. Full-time students with a grade point average oif 3.25, or better on a sacle of 4.0, qualify for the list. 10 Marvelous Days To The HOLY LAND You are invited to share with other friends from Kings Mountain. The ‘‘experience of a lifetime,” — a pilgrimage to the Holy Land. Departure February 23, 1987 Visit the land where Jesus lived - The Bible will ‘‘come alive’ to you as never before. Give this most prized of all gifts to a loved one or friend for Christmas. First class travel and hotels. Experienced host. Fly KLM airlines. LOWEST PRICES IN YEARS! For Brochure And Information Call Eugene Land At 739-6028 or 739-4216 529 SOUTH NEW HOPE ROAD PO BOX 4017 GASTONIA, NC 28054-4017 PHONE (704) 865-1111 300 WEST MOUNTAIN STREET PO BOX 746 KINGS MOUNTAIN, NC 28086 PHONE (704) 739-4781 increased - Se Costs It nd It Means So Much. Southern Bell Long Distance Southern Bell A BELLSOUTH Company ALREADY INTOUCH WITH THE FUTURE? eo So Little Southern Bell Long Distance is a great way to stay in touch with friends and family at reasonable rates. A 10-MINUTE CALL FROM KINGS MOUNTAIN TO: Cherryville $1.10 Boone $2.67 Charlotte $1.49 Rutherfordton $1.99 Call on weekends or after 11 p.m. and save even more. Rates listed above are in effect 5-11 p.m., Sunday-Friday. % RE 3 Dial Station (1+) char es apply. These charges do not apply to person -to-person, coin, hotel guest, calling card, collect calls, calls charged to another number, or to time and : charge calls. Rates en to change. Daytime rates are higher. Rates do not reflect applicable federal, state and local taxes. Applies to intra-LATA long distance calls only.