As of May 5, 2018, the company operated 773 department stores located in 42 states, under the Bealls, Goody’s, Palais Royal, Peebles and Stage nameplates, and 59 Gordmans stores.
In fiscal 2017, the company closed 21 stores, opened 2 stores, and acquired 57 Gordmans stores on Apr 7, 2017, through a bankruptcy auction. During the first quarter of fiscal 2018, the company closed 3 net stores. In fiscal 2018, the company expects to open 1 Gordmans off price store and close approximately 30 underperforming locations. In August of 2015, the company announced a multi-year plan to close approximately 90 underperforming stores representing 4% of total sales.
The company owns 6 stores and the remainder are leased, typically for a 10-year initial term with 2 renewals of 5 years each.
Stores are primarily located in strip shopping centers in which they are typically one of the anchor stores, as well as local or regional shopping malls and either free standing or downtown buildings. Excluding Gordmans, stores range in size from approximately 5,000 to 67,000 selling square feet, with the average being approximately 17,700 selling square feet, and selling space represents about 87% of overall store square footage. Gordman's stores average 48,700 selling square feet.
|Total gross square feet (M)||17,083||16,962||16,766||17,389||17,710||18,158|
|Total gross square feet growth||3.3%||1.2%||-3.6%||-1.8%||-2.5%||1.1%|
|Avg store gross sq ft||20,500||20,300||21,000||20,900||20,700||20,600|
|Avg store gross sq ft growth||5.8%||-3.4%||0.9%||0.5%||0.8%||-1.1%|