Dollar Tree 2015 Annual Report Download - page 7

their dedication, and their ongoing focus on serving our
customers.
But, this is just the beginning…there is much more to
do and, as always, we will employ a disciplined approach
to driving key strategic initiatives to the combined
organization through improved communication, analysis,
collaboration and incentives. We are condent that placing
our emphasis in these areas can materially enhance the
operating performance through improvements in sales,
margins, expense control and great customer satisfaction.
As I look to the future, I see even more exciting
opportunity. Our Company is strong. We are positioned
to continue growing protably for many years ahead. The
Dollar Tree and Family Dollar brands are the benchmark
of value for our customers’ basic variety store needs and
wants. We are constantly searching for more and better
ways to serve an expanding base of customers, create jobs
in the markets we serve and development opportunities
for our associates, while continuing to deliver value to our
shareholders.
We remain committed to a concept that customers
love. We have a vision of where we want to go and the
infrastructure, capital and most importantly, a talented
management team with a long history of retail success to
lead us there.
Our best years are ahead!
Corporate Governance and Shareholder Value
Dollar Tree has a long-standing commitment to corporate
governance and to delivering value for our long-term
shareholders.
Our Board of Directors is active, engaged, and
committed to responsible corporate governance. The
majority of the Board is comprised of independent
directors; we have a lead independent director and all of
the standing committees of the Board consist entirely of
independent directors. The Board regularly reviews the
Company’s governance practices and has made several
changes in recent years. We continue to maintain an open
dialogue with shareholders on governance-related matters,
and we seek to enhance our understanding of the evolving
corporate governance best practices within our industry.
Above all, we believe in strict adherence to our
core values of honesty, integrity and transparency in all
aspects of our business. These values are reected in the
strength of our nancial controls and in our relationships
with customers, vendor partners, associates and our
shareholders.
For 2015, as expected, we again earned a “clean bill of
health” with no material control weaknesses noted in our
assessment, supporting that our accounting and reporting
processes are in compliance with the requirements of
Sarbanes-Oxley legislation.
Dollar Tree has consistently generated signicant cash
ow and has been a prudent manager of capital for the
benet of long-term shareholders. The best use of capital,
in our view, is to support continued growth of the business
at a sustainable pace.
In Closing
I am extremely proud of our combined Family Dollar and
Dollar Tree teams. They have accomplished extraordinary
feats in a very short time. I would like to thank every one
of our more than 167,000 associates for their commitment,
Bob Sasser
Chief Executive Ocer
Dollar Tree Family Dollar
SALES BY SEGMENT
(for 2nd half of 2015)
STORE COUNT BY SEGMENT
(at year-end)
SELLING SQUARE FOOTAGE BY SEGMENT
(at year-end)
43.0%
57.0%
47.3%
52.7%
4 8.1%
51.9%
Dollar Tree Annual Report 2015 5