Dollar Tree 2011 Annual Report Download - page 8

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Delivering
more value,
one customer
at a time.
Dollar Tree has expanded its store base
every year since its founding in 1986
and there is potential for sustained
growth in the years ahead. In 2011, we opened 278
new stores and relocated and expanded 91 more—a
total of 369 projects representing a 6.9% increase in
selling square footage. We ended the year with 4,351
stores, compared with 4,101 at the end of 2010. We
believe that we can eventually operate up to 7,000
Dollar Tree stores in the U.S. alone.
Our stores are supported by a solid and scalable
infrastructure which we continually upgrade. In
the Southeast, store growth was supported by an
expansion of our Distribution Center in Savannah,
Georgia, from its original size of 600,000 square feet
to one million square feet. This project was completed
on time and on budget using existing cash. As of the
end of 2011, our logistics infrastructure can support
sales up to $8 billion in the United States. As always,
our plan is to add capacity strategically to support
growth ahead of need.
We also continue to streamline our supply chain,
improve merchandise flow, and increase inventory
turns, as enabled by our inventory management and
supply chain systems. All of this positions Dollar Tree
to continue to increase efficiency—and deliver more
value—as our store base grows.
6 Dollar Tree, Inc.