Dollar Tree 2013 Annual Report Download - page 28

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12
Item 1B. UNRESOLVED STAFF COMMENTS
None.
Item 2. PROPERTIES
Stores
As of February 1, 2014, we operated 4,992 stores in 48 states and the District of Columbia, and five Canadian provinces as
detailed below:
Alabama 103 Maine 27 Oklahoma 54
Arizona 86 Maryland 102 Oregon 85
Arkansas 48 Massachusetts 89 Pennsylvania 244
California 437 Michigan 180 Rhode Island 23
Colorado 80 Minnesota 85 South Carolina 92
Connecticut 52 Mississippi 61 South Dakota 8
Delaware 27 Missouri 95 Tennessee 123
District of Columbia 1 Montana 10 Texas 307
Florida 367 Nebraska 16 Utah 45
Georgia 186 Nevada 35 Vermont 5
Idaho 23 New Hampshire 30 Virginia 150
Illinois 195 New Jersey 115 Washington 95
Indiana 99 New Mexico 36 West Virginia 36
Iowa 36 New York 239 Wisconsin 95
Kansas 32 North Carolina 194 Wyoming 13
Kentucky 79 North Dakota 7
Louisiana 83 Ohio 182
Alberta 26 Manitoba 10 Saskatchewan 8
British Columbia 52 Ontario 84
We lease the vast majority of our stores and expect to lease the majority of our new stores as we expand. Our leases
typically provide for a short initial lease term, generally five years, with options to extend, however in some cases we have
initial lease terms of seven to ten years. We believe this leasing strategy enhances our flexibility to pursue various expansion
opportunities resulting from changing market conditions. As current leases expire, we believe that we will be able to obtain
lease renewals, if desired, for present store locations, or to obtain leases for equivalent or better locations in the same general
area.
Distribution Centers
The following table includes information about the distribution centers that we own and operate in the United States. In
2013, we completed construction on a new 1.0 million square foot distribution center in Windsor, Connecticut which began
shipping merchandise in June 2013. In addition, we expanded our Marietta, Oklahoma distribution center by 0.4 million square
feet and leased an additional 0.4 million square feet at our San Bernardino, California distribution center in 2013. In 2011, we
expanded our Savannah, Georgia distribution center to 1.0 million square feet. We believe our distribution center network is
currently capable of supporting approximately $10.2 billion in annual sales in the United States.