Family Dollar 2003 Annual Report Download - page 16

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Family Dollar
We’ve Still Got a
Long Way to Grow
12
Since opening the first store in Charlotte 44 years ago, Family Dollar has expanded rapidly from its base in North Carolina.
During the past ten fiscal years, 2,992 new store locations have been added to the chain, representing nearly 60% of the
stores in operation. The 475 stores added in fiscal 2003 include 70 in Texas, 35 in Michigan, 26 in Illinois, 25 in Ohio and
21 in Louisiana.
More than 5,000 Family Dollar stores now operate in 43 states and the District of Columbia, ranging from as far northwest
as North Dakota, northeast to Maine, southeast to Florida and southwest to Arizona. Store expansion will continue to play
a major role in Family Dollar’s profitable growth, and both existing and new markets offer great opportunities for expansion.
During the current fiscal year, Family Dollar plans to open about 565 stores and close 60 stores, bringing the number of
stores in operation to over 5,500 by the Company’s fiscal year-end on August 28, 2004.
Locations
12