Family Dollar Stores ($FDO) (@myfamilydollar) new store development expansion plan for FY 2012

In their Q1 2012 Earnings Call, Howard R. Levine, Executive Chairman, Chief Executive Officer and Member of Equity Award Committee, explained:

We are driving greater revenue growth both through the acceleration of new store openings and comp store sales performance.

This year, we plan to open 450 to 500 new stores, a 50% increase over last year’s pace. In the first quarter, we opened 101 stores

Summary of Family Dollar Stores’ new store expansion plan:

$FDO is planning on opening between 450 and 500 new store locations during FY 2012.