Family Dollar 2007 Annual Report Download - page 3

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In 1959, we opened our first Family Dollar store. Since then, we
have grown into a $6.8 billion company with more than 6,400
stores in 44 states. Our success is a result of our commitment
to providing our customers with a compelling place to shop, our
Associates with a compelling place to work, and our investors
with a compelling place to invest. In pursuit of this mission, we
continue to make significant changes to our business.
Our customers know they can count on us for value and
convenience, and we are expanding our merchandise
assortment to meet even more of their everyday needs. From
ready-to-eat meals, to an unexpected little treasure, we want
to provide customers with a valuable shopping experience. When Mom walks in the door of a
Family Dollar, we hope she’ll find everything she needs for her home and family.
Our Family Dollar team is our most valuable asset. As we strive to be a compelling place to
work, we are improving our Associate recruiting, training and retention programs. We have
developed a solid team of Associates by cultivating strong internal talent and complementing
their knowledge with experienced industry leaders. We have ambitious objectives for our
Company, and we rely on talented, committed Associates to help us achieve our aspirations.
Despite difficult macro-economic headwinds, we are improving our business. We are expanding
our selection of food, improving the quality of our apparel and home decor, and strengthening
our assortment of seasonal items. But, even as we invest in our business to better position
Family Dollar for the future, we are committed to improving our returns to shareholders through
better inventory productivity and more profitable stores.
In today’s difficult economic environment, our customers need the value and convenience we
offer more than ever. Our management team remains focused on delivering a better shopping
experience for our customers, a more successful work experience for our Associates, and a
stronger investment for our shareholders.
Howard R. Levine
Chairman of the Board and Chief Executive Officer
NOVEMBER 2007
FamilyFamily
Dollar Dollar
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“Our Store
is your Store.”
Family Dollar Mission Statement
F O R O U R C U S T O M E R S
A compelling place to shop:
by providing convenience and low prices
F O R O U R A S S O C I A T E S
A compelling place to work:
by providing exceptional opportunities
and rewards for achievement
F O R O U R I N V E S T O R S
A compelling place to invest:
by providing outstanding returns.