As of Oct 29, 2016, the company operated 526 stores in all 50 states, Puerto Rico and Canada, and 703 leased departments located within department stores and baby specialty stores throughout the US and Puerto Rico, as well as 239 international franchised locations, of which 218 are shop-in-shops.
In fiscal 2015, the company opened 18 and closed 46 stores, closed 32 net leased locations, and opened 114 and closed 6 franchised locations. During the first nine months of fiscal 2016, the company opened 9 and closed 19 stores, closed 576 net leased locations, and opened 64 and closed 18 franchised locations internationally. Throughout the remainder of the fiscal year, the company plans to open a limited number of new stores and will continue to close underperforming stores.
All stores are leased, with initial terms averaging from 5 to 10 years. The distribution of lease expirations is as follows: 117 in 2016, 96 in 2017, 65 in 2018, 71 in 2019, 37 in 2020, while the remaining 150 leases expire in 2021 and later.
Motherhood Maternity stores are located in mid-priced and moderate regional malls, strip and power centers and central business districts, and average 1,800 square feet. A Pea in the Pod stores are located in mid-priced and high-end regional malls, lifestyle centers, central business districts and some stand-alone stores in affluent street locations, and average 2,100 square feet. Destination Maternity combo stores are located in mid-priced regional malls and lifestyle centers and average 2,900 square feet. Destination Maternity superstores are located primarily in outdoor and power centers and central business districts, and average 5,900 square feet.
|Total gross square feet (M)||1,142||1,164||1,233||1,285||1,330||1,376|
|Total gross square feet growth||-5.0%||-5.6%||-4.0%||-3.4%||-3.3%||-4.8%|
|Avg store gross sq ft||2,200||2,200||2,200||2,200||2,100||2,100|
|Avg store gross sq ft growth||0.0%||0.0%||0.7%||1.3%||1.8%||1.0%|
Notes:only includes company-oerated retail stores; excludes leased department locations