Dollar General 2014 Annual Report Download - page 94
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10-K
U.S. generally accepted accounting principles and related accounting pronouncements,
implementation guidelines and interpretations with regard to a wide range of matters that are relevant
to our business involve many subjective assumptions, estimates and judgments by our management.
Changes in these rules or their interpretation or changes in underlying assumptions, estimates or
judgments by our management could significantly change our reported or expected financial
performance. The outcome of such changes could include litigation or regulatory actions which could
have an adverse effect on our financial condition and results of operations.
ITEM 1B. UNRESOLVED STAFF COMMENTS
None.
ITEM 2. PROPERTIES
As of February 27, 2015, we operated 11,879 retail stores located in 43 states as follows:
Number of Number of
State Stores State Stores
Alabama ............... 629 Nebraska ............... 91
Arizona ................ 87 Nevada ................ 24
Arkansas ............... 344 New Hampshire .......... 14
California ............... 142 New Jersey .............. 83
Colorado ............... 32 New Mexico ............. 76
Connecticut ............. 26 New York ............... 309
Delaware ............... 37 North Carolina ........... 633
Florida ................. 710 Ohio .................. 643
Georgia ................ 675 Oklahoma .............. 373
Illinois ................. 421 Oregon ................ 2
Indiana ................ 416 Pennsylvania ............. 520
Iowa .................. 182 Rhode Island ............ 2
Kansas ................. 204 South Carolina ........... 437
Kentucky ............... 436 South Dakota ............ 20
Louisiana ............... 472 Tennessee ............... 613
Maine ................. 2 Texas .................. 1,246
Maryland ............... 105 Utah .................. 7
Massachusetts ............ 18 Vermont ................ 26
Michigan ............... 341 Virginia ................ 321
Minnesota .............. 48 West Virginia ............ 189
Mississippi .............. 389 Wisconsin ............... 122
Missouri ................ 412
Most of our stores are located in leased premises. Individual store leases vary as to their terms,
rental provisions and expiration dates. Many stores are subject to build-to-suit arrangements with
landlords, which typically carry a primary lease term of up to 15 years with multiple renewal options.
We also have stores subject to shorter-term leases and many of these leases have renewal options. A
significant portion of our new stores are subject to build-to-suit arrangements.
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