As of Apr 29, 2017, the company operated 174 Wilsons Leather stores, 155 G.H. Bass stores, 88 Vilebrequin stores, 4 Calvin Klein Performance stores, 49 DKNY stores and 4Karl Lagerfeld stores, in addition to 58 franchised Vilebrequin stores.
In fiscal 2017, the company closed 9 net Wilsons stores, added 7 net new Vilebrequin stores, opened their first 3 Karl Lagerfeld stores and acquired DKNY and its 50 stores. During the first quarter of fiscal 2018, the company closed 24 net stores. The company plans to rationalize its retail operations by closing 60 underperforming stores in fiscal 2018 and, possibly, an additional 55 stores in fiscal 2019.
All stores are leased, typically for terms of 5 to 10 years. Substantially all Wilsons, G.H. Bass and Andrew Marc stores are operated as outlet stores and located in larger outlet centers with Wilsons’ stores averaging approximately 3,614 square feet and G.H. Bass stores averaging approximately 5,869 square feet. DKNY stores average approximately 3,995 square feet.
|Total gross square feet (M)||1,828||1,939||1,785||1,756||1,704||581|
|Total gross square feet growth||4.5%||8.6%||1.7%||-0.6%||193.2%||6.7%|
|Avg store gross sq ft||3,800||3,900||4,000||4,200||4,800||3,700|
|Avg store gross sq ft growth||-3.0%||-2.5%||-4.0%||0.1%||27.6%||-3.6%|
Notes:Includes Wilsons Leather, Andrew Marc, Calvin Klein Performance, Vilebrequin since the acquisition in Aug 2012, as well as G.H. Bass since the acquisition in Nov 2013.