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DOLLAR TREE, INC. • 2007 ANNUAL REPORT
5
Second, we will continue to optimize our real estate network, opening
stores on schedule, improving the site selection process and increasing new
store productivity. We will have bigger, more impactful Grand Openings, and
will strive to continue lowering our construction costs.
Third, we will further develop, improve and expand Deal$, opening 30
new Deal$ stores, expanding the size and skill base of our Deal$ team, and
developing a more compelling assortment of high value merchandise for the
Deal$ customer.
Fourth, we will emphasize the continued development of our people. We are
driving successful talent management throughout our organization, to improve
succession planning, training and development and further reduce field manage-
ment turnover. We are building on our positive culture at Dollar Tree, to ensure
that Dollar Tree is an exciting, motivating, enthusiastic and fun place to work,
with expanding opportunities for career growth and personal development.
And finally, we are dedicated to building value for our long-term share-
holders. This means running the business as effectively as possible, and manag-
ing our capital in a way that enhances shareholder return.
SUMMARY
The economic landscape in 2008 is uncertain and challenging for many
Americans. Rising prices for fuel and other basic commodities together with
declining home values and tighter credit are putting pressure on family budgets
at all income levels. In this environment, I believe Dollar Tree is more relevant
than ever. We can be part of the solution for millions of consumers across
America who are looking for ways to stretch their dollars — by delivering great
value on products that people need and want everyday, by being in-stock in
basics and by providing a bright, friendly, fun, convenient shopping experience.
Dollar Tree has the tools necessary to continue to succeed in this environment.
We are financially strong, we have a unique, successful retail concept, we
have a solid, scalable infrastructure, and we continue to deliver sector-leading
profitability. I believe that Dollar Tree is right for the times and, now more
than ever, I believe the best is yet to come!
Bob Sasser
President and Chief Executive Officer