Capital expenditures were $744.4 million in fiscal 2013 compared to $603.3 million in fiscal 2012. The growth in capital expenditures was primarily due to increased investments in new stores. During fiscal 2013, the Company spent $292.5 million related to its Fee Development Program, compared to $122.6 million in fiscal 2012. In fiscal 2013, the Company completed sale-leaseback transactions related to store locations for net proceeds, after transaction costs, of $345.2 million.During fiscal 2013, the Company opened 500 new stores, closed 26 stores, and renovated, relocated or expanded 830 stores.
Family Dollar Reports Record Sales And Earnings Results
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