In the first three quarters of fiscal 2013, capital expenditures were $599.7 million compared with $391.4 million in the first three quarters of fiscal 2012. The growth in capital expenditures was primarily due to increased investments in new stores. During the first three quarters of fiscal 2013, the Company spent $242.9 million related to its Fee Development Program, compared to $69.3 million in the first three quarters of fiscal 2012.During the quarter, the Company opened 129 new stores, closed 3 stores, and renovated, relocated or expanded 228 stores.
Family Dollar Stores
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