As of May 5, 2018, the company operated 1,156 Kohl's stores, 12 FILA Outlet stores, and 4 Off/Aisle clearance centers in 49 states.
During fiscal 2017, the company opened four Kohl's stores, relocated one Kohl's store and opened one Off/Aisle location. The company has stated that it intends to focus on rightsizing store sizes for a reduction in square footage, but not necessarily stores. After the success of 300 "rightsized" 300 stores in fiscal 2017, the company plans on rolling out this strategy to an additional 200 stores in 2018.
At year-end, the company owned 412 stores, leased the land for 237 stores, and leased both the land and the building for 509 stores. A typical lease has an initial term of 20-25 years and 4 to 8 renewal options for consecutive five-year extension terms. Approximately one-fourth of leases provide for additional rent based on a percentage of sales over designated levels.
The average store measures 84,500 gross square feet and has 70,500 sq ft of selling space. Small stores average approximately 55,000-68,000 gross sq ft and serve trade areas of 100,000 to 150,000 people; Prototypes average approximately 88,000 sq ft and serve trade areas of 150,000 to 200,000 people. Additionally, in fiscal 2016, a new 35,000 sq ft prototype was introduced.
|Total gross square feet (M)||99,100||99,200||99,140||100,440||100,394||100,275|
|Total gross square feet growth||-0.0%||0.1%||-1.3%||0.0%||0.1%||0.7%|
|Avg store gross sq ft||84,400||84,500||85,900||86,300||86,400||86,600|
|Avg store gross sq ft growth||-0.5%||-0.4%||-0.4%||-0.1%||-0.2%||-0.3%|