Dollar Tree, Inc. Announces Expansion of Distribution Center in Marietta, Oklahoma
Dollar Tree, Inc. (NASDAQ: DLTR), North America's leading operator of
discount variety stores selling everything for $1 or less, has announced
that it intends to expand its distribution center in Marietta, Oklahoma
by an additional 400,000 square feet. More than 100 full time positions
will be created as a result of the expansion.
The facility in Marietta opened in 2003 and is currently 603,000 square
feet. This facility supplies products to our stores across eleven
states, including all of Oklahoma, Kansas, Colorado, New Mexico and
Texas, and portions of Louisiana, Arkansas, Missouri, Nebraska, South
Dakota, Wyoming and Montana.
Construction on the expansion is scheduled to start in February 2013 and
should be completed in the autumn of 2013. The total cost of the
expansion is expected to be approximately $25 million, financed by
Dollar Tree using available cash.
“Dollar Tree has grown steadily for 26 years,” said Bob Sasser,
President and Chief Executive Officer of Dollar Tree, Inc. "The
expansion of our Marietta Distribution Center is consistent with our
long-standing practice of building infrastructure to support future
growth of our business. The additional capacity will allow Dollar Tree
to continue to expand its reach and provide more value to more customers
throughout the region.”
“Over the past ten years, we have been extremely impressed with the
business-friendly approach and support that the State of Oklahoma and
Marietta have provided Dollar Tree. This project is a reflection of our
commitment to the Marietta area. The expansion will enable us to
continue growing in the community while creating jobs and exciting
career paths for our associates. We are proud to be a part of this
community."
Dollar Tree, a Fortune 500 Company, operated 4,630 stores in 48 states
and 5 Canadian Provinces as of October 27, 2012. To learn more about the
Company, visit www.DollarTree.com.
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"forward-looking statements" as that term is used in the Private
Securities Litigation Reform Act of 1995. Forward-looking statements
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events, developments or results, you should carefully review the “Risk
Factors,” "Business," and “Management’s Discussion and Analysis of
Financial Condition and Results of Operations” sections in our Annual
Report on Form 10-K filed March 15, 2012, the “Management’s Discussion
and Analysis of Financial Condition and Results of Operations” and other
sections in our Quarterly Report on Form 10-Q filed November 15, 2012
and in our other filings with the Securities and Exchange Commission. We
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