Family Dollar 2013 Annual Report Download - page 22

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ITEM 2. PROPERTIES
We operate a chain of self-service retail discount stores. As of October 5, 2013, there were 7,963 stores in
46 states and the District of Columbia as follows:
Texas .......................... 1,014
Florida ......................... 570
Ohio ........................... 472
Michigan ........................ 411
North Carolina ................... 411
Georgia ......................... 390
New York ....................... 331
Pennsylvania ..................... 302
Louisiana ....................... 282
Illinois .......................... 248
Tennessee ....................... 248
Virginia ......................... 244
South Carolina ................... 222
Indiana ......................... 212
Kentucky ....................... 211
Alabama ........................ 168
Mississippi ...................... 157
Arizona ......................... 152
Wisconsin ....................... 141
Colorado ........................ 134
Oklahoma ....................... 131
West Virginia .................... 119
Missouri ........................ 115
New Jersey ...................... 112
Massachusetts ..................... 111
Arkansas ......................... 110
New Mexico ...................... 110
Maryland ......................... 102
California ......................... 96
Minnesota ........................ 73
Utah ............................. 66
Maine ............................ 61
Connecticut ....................... 58
Kansas ........................... 51
Idaho ............................ 43
Nevada ........................... 43
Iowa ............................. 35
New Hampshire .................... 35
Nebraska ......................... 32
Wyoming ......................... 29
Rhode Island ...................... 27
South Dakota ...................... 25
Delaware ......................... 23
North Dakota ...................... 17
Vermont .......................... 15
District of Columbia ................ 3
Montana .......................... 1
As of October 5, 2013, we had, in the aggregate, approximately 68.4 million square feet of total store space
(including receiving rooms and other non-selling areas) and approximately 57.2 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
2009 ............................................................ 6,655
2010 ............................................................ 6,785
2011 ............................................................ 7,023
2012 ............................................................ 7,442
2013 ............................................................ 7,916
During fiscal 2013, we opened 500 stores, closed 26 stores, and renovated, relocated or expanded 830
stores. From August 31, 2013, through October 5, 2013, we opened 47 new stores, closed no stores, and
renovated, relocated or expanded 70 stores.
As of October 5, 2013, we owned 278 of the total 7,963 stores we operate. Most of our leases have an initial
term between five and fifteen 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. Of our 7,685 leased stores at October 5, 2013, all but 489 leases grant us options to renew for additional
terms, in most cases for a number of successive five-year periods.
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