As of Oct 28, 2017, the company operated 1,156 Kohl's stores, 12 FILA Outlet stores, and 4 Off/Aisle clearance centers in 49 states.
In fiscal 2016, the company opened 23 new stores, including 12 FILA outlet stores and 2 Off/Aisle clearance centers, and closed 19 underperforming stores. During the first nine months of fiscal 2017, the company opened 3 net new stores. The company has stated that it intends to focus on rightsizing store sizes for a reduction in square footage, but not necessarily stores.
At year-end, the company owned 412 stores, leased the land for 237 stores, and leased both the land and the building for 505 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 84,800 gross square feet and has 70,800 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)||99,394||99,140||100,440||100,394||100,275||99,567|
|Total gross square feet growth||0.2%||-1.3%||0.0%||0.1%||0.7%||1.1%|
|Avg store gross sq ft||84,800||85,900||86,300||86,400||86,600||86,900|
|Avg store gross sq ft growth||-0.0%||-0.4%||-0.1%||-0.2%||-0.3%||-0.6%|