Family Dollar Expands Leadership Team

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MATTHEWS, N.C.-(Business Wire)-September 1, 2009 - Family Dollar Stores, Inc. (NYSE: FDO) today announced that it has named Kecia Lamm to the position of Vice President – Store Operations and Holly Shaskey-Platek to the position of Vice President – Change Management and Leadership Development. Ms. Lamm will report to Barry Sullivan, Executive Vice President - Store Operations. Ms. Shaskey-Platek will report to Bryan Venberg, Senior Vice President - Human Resources.

“Recruiting, developing and retaining talented Team Members is critical to being a compelling place to shop, work and invest,” said Howard Levine, Chairman and CEO. “With their extensive retailing experience, both Kecia and Holly are strong additions to our leadership team.”

“As value becomes more important to consumers of all incomes, we have a unique opportunity to serve more customers,” continued Levine. “With more than sixteen years of retailing experience, Kecia brings with her a proven track record of Store Operations experience. Through her leadership, Kecia will play a critical role as we continue our efforts to improve the in-store shopping experience.”

Prior to joining Family Dollar, Ms. Lamm served as Vice President — General Manager Expo Design Center with The Home Depot Corporation. Ms. Lamm also spent 12 years with Target Corporation serving in positions of increasing responsibility in both Merchandising and Store Operations. Ms. Lamm holds a B.S. degree in Business Management and Leadership from Kennedy-Western University in Cheyenne, Wyoming.

“Building strong employee teams is critical to our future success,” continued Levine. “With more than twenty years of retailing experience, Holly possesses extensive expertise in leadership and team development. Under Holly’s leadership, we will continue to develop our Team Member talent and actively pursue our mission of creating a more compelling place to work.”

Ms. Shaskey-Platek’s extensive retail experience includes 17 years with Dayton, Hudson, Marshall Fields. Most recently, Ms. Shaskey-Platek served as Vice President — Planning, Programming and Promotions with ShopNBC. Ms. Shaskey-Platek graduated from South Dakota State University with a B.S. degree in Textiles and Clothing with a Retailing Option.

About Family Dollar

Beginning with one store in Charlotte, North Carolina, in 1959, the Company currently operates more than 6,600 stores in 44 states. Family Dollar Stores, Inc., a Fortune 500 company, is based in Matthews, North Carolina, just outside of Charlotte and is a 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.

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