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Family Dollar Reports Store Openings for August 2004

    MATTHEWS, N.C., Aug. 30 /PRNewswire-FirstCall/ -- Family Dollar Stores,
Inc. (NYSE: FDO), the fast growing North Carolina-based discount store chain,
reports opening 109 stores during the four-week period ended August 28, 2004.
With these additional stores, as of August 28, 2004, the Company operated
5,466 stores.
    The 109 newest store locations are in the following states: 23 in Texas;
10 in Michigan; 8 in Ohio, 6 in Wisconsin, 5 each in Arizona, North Carolina
and Tennessee; 4 each in Georgia, Illinois, Indiana and Pennsylvania; 3 each
in Florida, Kentucky and Utah; 2 each in Alabama, Colorado, Maine, Minnesota,
New York and Virginia; 1 each in Arkansas, Idaho, Kansas, Louisiana, Maryland,
Missouri, Nebraska, New Jersey, Oklahoma and South Carolina.
    During the fiscal year ended August 28, 2004, the Company opened 500
stores and closed 61, for a net addition of 439 stores.  As previously
announced, the Company plans to open about 500 to 560 stores and close 60 to
70 stores during the fiscal year ending August 27, 2005.
    Family Dollar Stores, Inc. operates stores in 44 states ranging as far
northwest as Idaho, northeast to Maine, southeast to Florida, and southwest to
Arizona.


SOURCE Family Dollar Stores, Inc.




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    CONTACT:
    George R. Mahoney, Jr., Executive Vice
    President of Family Dollar Stores, Inc., +1-704-814-3252, or
    http://www.familydollar.com