Profile: Family Dollar Stores Inc (FDO.N)
25 Jul 2014
Family Dollar Stores, Inc. (Family Dollar), incorporated in November 24, 1969, operates a chain of more than 7,900 general merchandise retail discount stores in 46 states, providing consumers with a selection of merchandise in neighborhood stores. The Company's merchandise assortment includes Consumables, Home Products, Apparel and Accessories, and Seasonal and Electronics. Its Family Dollar store is between 7,500 and 9,500 square feet, with an average of approximately 7,200 square feet of selling space. During the fiscal year ended August 25, 2013, the Company operated 7,916 stores. The Company offers a focused assortment of merchandise in a number of core categories, such as health and beauty aids, packaged food and refrigerated products, home cleaning supplies, house wares, stationery, seasonal goods, apparel, and home fashions. The Company's typical store generally carries approximately 6500 - 7000 basic stock keeping units (SKUs).
During fiscal 2013, the Company opened 500 stores, closed 26 stores, and renovated relocated or expanded 830 stores. From August 31, 2013, through October 5, 2013, it opened 47 new stores, closed no store, and renovated relocated or expanded 70 stores. As of October, 2013, the Company owned 278 of the total 7,963 stores it operate. All of the Company’s operations are located in the United States with the exception of certain sourcing entities located in Asia and Europe. The Company offers range of general merchandise.
The Consumables category includes household chemicals, paper products, food, health and beauty aids, hardware and automotive supplies, pet food and supplies, and tobacco. The Home Products category includes domestics, such as blankets, sheets and towels, as well as house wares, giftware and home decor. The Apparel and Accessories category includes men’s clothing, women’s clothing, boys’ and girls’ clothing, infants’ clothing, shoes and fashion accessories. The Seasonal and Electronics category includes toys, stationery and school supplies, seasonal goods, and personal electronics, including pre-paid cellular phones and services. During fiscal 2013, approximately 21% of its purchased merchandise was manufactured overseas. As of October 5, 2013, the Company 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.
Family Dollar Stores Inc
10401 MONROE ROAD,
P.O. Box 1017
CHARLOTTE NC 28201-1017
Company Web Links
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- UPDATE 2-Dollar General CEO to retire, Icahn's proposed merger in doubt