Family Dollar 2010 Annual Report Download - page 21

ITEM 2. PROPERTIES
We operate a chain of self-service retail discount stores. As of October 1, 2010, there were 6,817 stores in
44 states and the District of Columbia as follows:
Texas .............................. 862 Arkansas ......................... 100
Ohio ............................... 424 NewMexico ...................... 100
Florida ............................. 419 Missouri ......................... 95
North Carolina ....................... 376 Maryland ........................ 92
Michigan ........................... 365 NewJersey ....................... 85
Georgia ............................. 321 Minnesota ........................ 69
New York ........................... 290 Utah ............................ 61
Pennsylvania ........................ 275 Maine ........................... 51
Louisiana ........................... 242 Connecticut ...................... 50
Illinois ............................. 227 Kansas .......................... 33
Virginia ............................ 218 Idaho ............................ 32
South Carolina ....................... 206 Iowa ............................ 32
Tennessee ........................... 206 Nebraska ......................... 32
Indiana ............................. 200 Nevada .......................... 27
Kentucky ........................... 189 NewHampshire ................... 26
Alabama ............................ 146 South Dakota ..................... 25
Arizona ............................. 138 Rhode Island ..................... 24
Wisconsin ........................... 131 Delaware ........................ 22
Oklahoma ........................... 129 Wyoming ........................ 21
Mississippi .......................... 120 North Dakota ..................... 13
West Virginia ........................ 117 Vermont ......................... 11
Colorado ............................ 109 District of Columbia ................ 3
Massachusetts ........................ 103
As of October 1, 2010, we had, in the aggregate, approximately 57.9 million square feet of total store space
(including receiving rooms and other non-selling areas) and approximately 48.3 million square feet of selling
space.
The number of stores we operated at the end of each of our last five fiscal years was:
Fiscal Year
Number of
Stores at
Year End
2006 ............................................................ 6,173
2007 ............................................................ 6,430
2008 ............................................................ 6,571
2009 ............................................................ 6,655
2010 ............................................................ 6,785
During fiscal 2010, we opened 200 stores, closed 70 stores, relocated 13 stores, expanded 15 stores, and
renovated 89 stores. In addition, during fiscal 2010, we continued to re-align the space in our stores to
accommodate strong customer demand for consumable merchandise and to improve the in-store shopping
experience. These efforts included re-aligning the space in our stores to support an expanded assortment of key
traffic-driving categories, improving merchandise adjacencies and enhancing merchandise presentations. Since
we began these efforts in fiscal 2009, approximately 65% of our stores have completed the layout changes. We
occupy most of our stores under operating leases. Store opening, closing, relocation, and renovation plans, as
well as overall capital expenditure plans, are continually reviewed and may change. From August 29, 2010,
through October 1, 2010, we opened 33 new stores, closed 2 stores, relocated 1 store, expanded 2 stores, and
renovated 100 stores.
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