As of Dec 31, 2016, the company operated 570 stores globally, including 117 concept stores, 163 factory outlet stores and 133 warehouse outlet stores in the United States, and 101 concept stores, 51 factory outlets and 5 warehouse outlet stores internationally.
In fiscal 2016, the company opened 30 stores domestically and 31 stores internationally, and closed 7 domestic stores and 1 international store. During the first quarter of fiscal 2017, the company opened 9 stores domestically and 5 stores internationally. For fiscal 2017, the company anticipates 70 to 90 company-owned retail store openings and several store remodels.
All stores are leased. Concept stores are located at marquee street locations, major tourist areas or in key shopping malls in metropolitan cities, range in size from 800 to 7,800 square feet and a typical store is approximately 2,400 square feet. Factory outlet stores are generally located in manufacturers’ direct outlet centers and range in size from 1,400 to 9,000 square feet. Warehouse outlet stores are freestanding and range in size from approximately 4,000 to 30,000 square feet. eMarketer estimates factory outlet stores average approximately 4,000 square feet and warehouse outlet stores average approximately 8,000 square feet.
|Total gross square feet (M)||2,584||2,503||2,263||1,936||1,583||1,426|
|Total gross square feet growth||12.2%||11.2%||16.9%||22.3%||11.0%||9.8%|
|Avg store gross sq ft||4,400||4,400||4,400||4,300||4,100||4,000|
|Avg store gross sq ft growth||0.8%||0.8%||1.1%||6.2%||0.8%||2.1%|
Notes:calculated based on reported square footage range by concept and an eMarketer estimate that concept stores average 2,500 square feet, factory outlet stores average 4,000 square feet and warehouse outlet stores average 8,000 square feet