Family Dollar Names Jason Reiser as Chief Merchandising Officer

PRESS RELEASE 

MATTHEWS, N.C., Jan 09, 2014 (BUSINESS WIRE) -- Family Dollar Stores, Inc. FDO -7.16% today announced that it has promoted Jason Reiser to the position of Executive Vice President - Chief Merchandising Officer. Mr. Reiser will report to Howard R. Levine, Chairman and CEO.

"Continuing to refine our assortment to meet the needs of our customer is critical to being a compelling place to shop," said Mr. Levine. "Jason's proven leadership, merchandising experience and deep understanding of our customer position him well to ensure that we grow both customer trips and market share."

Mr. Reiser will have executive responsibility for the Company's merchandising, global sourcing, marketing, replenishment and financial planning teams. Mr. Reiser joined Family Dollar in July 2013 as Senior Vice President - Merchandising with responsibility for the Company's health, beauty, personal care and household product teams. In October 2013, Mr. Reiser was promoted to Lead Merchandising Officer with responsibility for all merchandising functions.

Mr. Reiser joined Family Dollar after a 17 year career with Walmart Stores Inc. in a variety of roles, most recently serving as Vice President, Merchandising, Health and Family Care for Sam's Club. Mr. Reiser holds a Bachelor of Science degree in Pharmacy from Northeastern University.

About Family Dollar

For more than 50 years, Family Dollar has been providing value and convenience to customers in easy-to-shop neighborhood locations. Family Dollar's mix of name brands and quality, private brand merchandise appeals to shoppers in more than 8,000 stores in rural and urban settings across 46 states. Helping families save on the items they need with everyday low prices creates a strong bond with customers who refer to their neighborhood store as "my Family Dollar." Headquartered in Matthews, North Carolina, just outside of Charlotte, Family Dollar is a Fortune 300, publicly held company with common stock traded on the New York Stock Exchange under the symbol FDO. For more information, please visit www.familydollar.com .

SOURCE: Family Dollar Stores, Inc.

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