Family Dollar 2003 Annual Report Download - page 3

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Corporate Profile
Family Dollar Stores, Inc. is one of the fastest growing discount store chains in the United States. During the last
ten years, nearly 3,000 new stores have been added to the chain, of which over 2,000 were added in the last five years.
The merchandising concept that drives this growth offers customers good values in low cost, basic merchandise for
family and home needs. Our merchandise is sold at everyday low prices in a no frills, low overhead, self-service
environment. Most merchandise is priced under $10.00.
Stores are located in a contiguous 43-state area ranging northeast to Maine, southeast to Florida, as far northwest
as North Dakota and southwest to Arizona. Family Dollar stores generally range in size from 7,500 to 9,500 square
feet, and most are operated in leased facilities. The relatively small size permits the Company to open new stores in
rural areas and small towns, as well as in large urban neighborhoods. Within these markets, the stores are located in
shopping centers or as freestanding buildings or in urban storefronts convenient to the Company’s value-conscious
customer base.
During the fiscal year ended August 30, 2003, the Company opened 475 new stores and closed 64 stores to bring the
number of stores in operation at fiscal year-end to 5,027. Family Dollar presently plans to open about 565 new stores
and close approximately 60 during the current fiscal year ending August 28, 2004.
Family Dollar’s headquarters are located in Matthews, North Carolina, just outside of Charlotte. The Company operates
automated full-service distribution centers in Matthews; West Memphis, Arkansas; Front Royal, Virginia; Duncan,
Oklahoma; Morehead, Kentucky; Maquoketa, Iowa; and Odessa, Texas. An eighth distribution center is scheduled
to open in early 2005. The Company has been a publicly held corporation since 1970 and its Common Stock is listed
on the New York Stock Exchange under the ticker symbol FDO.
Mens, Boys, Girls, Ladies, Infant and Toddler Appa
Food and Candy Housewares Hardware and Pain
Domestics Picture Frames Shoes and Hosiery
Mens, Boys, Girls, Ladies, Infant and Toddler Appa
Food and Candy Housewares Hardware and Pain
Domestics Picture Frames Shoes and Hosiery