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Family Dollar Stores Promote Reiser to CMO; President and COO Bloom Leaves

January 9, 2014

Family Dollar Stores, Inc. 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 Levine in a press release. “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.”

The company also noted that president and COO Michael Bloom has lef tthe company to pursue other interests and a search for a new president and COO will begin.

Reiser will have executive responsibility for the company’s merchandising, global sourcing, marketing, replenishment and financial planning teams. Reiser joined Family Dollar in July 2013 as SVP – Merchandising with responsibility for the company’s health, beauty, personal care and household product teams. In October 2013, Reiser was promoted to lead merchandising officer with responsibility for all merchandising functions.

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