As of Sep 30, 2015, the company operated 227 stores in 20 countries, with 130 stores in the US, 30 stores in Canada and 67 stores in 19 additional countries.
In fiscal 2014, the company opened 3 and closed 6 stores in the US, closed 1 store in Canada and opened 3 and closed 5 stores internationally. During the first nine months of fiscal 2015, the company opened 2 stores outside the US, while closing 6 stores in the US, 2 stores in Canada, and 9 stores internationally. The company plans marginal new store openings for fiscal 2015, but over the long term, plan to expand in the US and in markets throughout Europe and Asia.
All stores are leased, typically for a term of 5 to 10 years with renewal options for an additional 5 to 10 years. Stores average approximately 2,500-3,000 square feet of selling space and are located in large metropolitan areas, emerging neighborhoods, and select university communities. eMarketer estimates that 85% of a typical store is used for selling space.
|Total gross square feet (M)||700||743||760||768||762||830|
|Total gross square feet growth||-6.8%||-2.2%||-1.1%||0.8%||-8.2%||-2.7%|
|Avg store gross sq ft||3,100||3,100||3,100||3,100||3,100||3,000|
|Avg store gross sq ft growth||0.0%||0.0%||0.1%||0.0%||0.7%||0.2%|
Notes:Calculated based on reported selling square footage and an eMarketer estimate that 85% of a typical store is used for selling space