Family Dollar 2011 Annual Report Download - page 21
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ITEM 1B. UNRESOLVED STAFF COMMENTS
None.
ITEM 2. PROPERTIES
We operate a chain of self-service retail discount stores. As of October 1, 2011, there were 7,059 stores in
44 states and the District of Columbia as follows:
Texas .............................. 900 Massachusetts ..................... 105
Florida ............................. 459 Arkansas ......................... 103
Ohio ............................... 432 Maryland ........................ 97
North Carolina ....................... 384 Missouri ......................... 95
Michigan ........................... 376 NewJersey ....................... 90
Georgia ............................. 337 Minnesota ........................ 69
New York ........................... 296 Utah ............................ 61
Pennsylvania ........................ 284 Maine ........................... 54
Louisiana ........................... 256 Connecticut ...................... 54
Illinois ............................. 231 Kansas .......................... 41
Virginia ............................ 224 Idaho ............................ 34
Tennessee ........................... 214 Iowa ............................ 33
South Carolina ....................... 208 Nebraska ......................... 32
Indiana ............................. 200 Nevada .......................... 28
Kentucky ........................... 195 NewHampshire ................... 28
Alabama ............................ 148 Rhode Island ..................... 25
Arizona ............................. 139 South Dakota ..................... 25
Oklahoma ........................... 132 Wyoming ........................ 24
Wisconsin ........................... 132 Delaware ........................ 22
Mississippi .......................... 129 North Dakota ..................... 15
West Virginia ........................ 118 Vermont ......................... 10
Colorado ............................ 111 District of Columbia ................ 3
New Mexico ......................... 106
As of October 1, 2011, we had, in the aggregate, approximately 60.7 million square feet of total store space
(including receiving rooms and other non-selling areas) and approximately 50.4 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
2007 ............................................................ 6,430
2008 ............................................................ 6,571
2009 ............................................................ 6,655
2010 ............................................................ 6,785
2011 ............................................................ 7,023
During fiscal 2011, we opened 300 stores, closed 62 stores, and renovated, relocated or expanded 1,019
stores. From August 28, 2011, through October 1, 2011, we opened 40 new stores, closed 4 stores, and renovated,
relocated or expanded 60 stores.
As of October 1, 2011, we owned 549 of the total 7,059 stores we operate. Most of our leases have an initial
term of five or ten years and provide for fixed rentals, and most of our leases require additional payments based
upon a percentage of sales, property taxes, insurance premiums, or common area maintenance charges.
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