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Family Dollar Stores


Family Dollar Stores is a publicly traded company having a good stock performance result. Family Dollar Stores is a fortune 500 stock listed company trading under FDO.
Family Dollar Stores is one of the fastest growing discount store chains in the United States. In November 1959, Leon Levine opened the first Family Dollar store in Charlotte, North Carolina and was on his way to becoming a retailing legend.
 
It is a chain with over 6,000 stores located in 44 states. They carry a wide variety of hard line and soft line products with most goods priced 10 dollars and under. The hours of operation for all Distribution Centers are located in the Family Dollar Routing, Shipping and Packaging Instructions.
 
The Family Dollar Transportation Department is composed of Domestic Transportation and Imports with Associates working at the Corporate Headquarters and nine Distribution Centers. Vendors electronically order release product based on purchase and ship windows. Utilizing TMS, bundling of shipments or optimization is performed and freight tenders are sent electronically to carriers and the Company's private fleet. Tendering, tracking and tracing are done centrally at the Corporate Offices. Family Dollar utilizes national and regional LTL carriers and Consolidators.
 
Family Dollar Trucking is a highly respected private fleet consistently capturing top awards in highway safety. Family Dollar does not offer their merchandise for sale on the internet. It accepts preprinted personal checks from the local trade area for the amount of the purchase up to 150 dollars with the proper identification forms and other approvals. It accepts PIN-based debit cards in most stores, but does not accept credit cards at this time.
 
The decision to declare a stock split is made by the Board of Directors of Family Dollar Stores. It does not offer a Direct Stock Purchase Plan. The Common Stock is traded on the New York Stock Exchange Ticker Symbol FDO and shares may be purchased through a broker. It does not offer a Dividend Reinvestment Plan at this time. They are planning to add approximately 5 percent to 7 percent new stores in the year ending August 26, 2006, plus a number of relocations and expansions.
 
Family Dollar’s mission is to be a compelling place to work for their Associates, a compelling place to shop for their customers and a compelling place to invest for their shareholders.
 
 
 

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