As of Oct 29, 2016, Brown Shoe operated 1,218 stores, comprised of 1,051 Famous Footwear stores in all 50 states and Guam, and 167 specialty retail stores (157 Naturalizer stores, 10 Sam Edelman stores).
In fiscal 2015, the company opened 50 and closed 42 stores. During the first nine months of fiscal 2016, the company opened 37 and closed 32 Famous Footwear stores, and opened 5 and closed 3 specialty retail stores. By the end of fiscal 2016, the company expects to have opened 55 new stores and closed 40 existing stores.
All stores are leased, with 51% of leases having renewal options. Famous Footwear stores average approximately 6,600 square feet and are located in strip centers, outlet malls and regional malls. Naturalizer stores in the US and Canada are located in regional malls (approximately 50%), with a few stores having street locations, averaging approximately 1,200 square feet in size, and outlet malls (50%) which average approximately 2,300 square feet in size.
|Total gross square feet (M)||7,300||7,200||7,300||7,378||7,551||7,853|
|Total gross square feet growth||0.3%||-0.2%||-1.6%||-2.3%||-3.8%||-3.0%|
|Avg store gross sq ft||6,000||6,000||6,000||6,000||5,900||5,900|
|Avg store gross sq ft growth||-0.6%||-0.4%||-0.5%||2.0%||-0.4%||0.4%|