As of Feb 3, 2018, the company operated 109 full-price stores and 51 outlet stores across 34 states.
In fiscal 2018, the company opened 7 stores and closed 6 stores. The company plans to open 6 factory outlet stores in fiscal 2019, and is currently forecasting closing up to 45 full-line stores by the end of fiscal 2021, approximately 15 per year, primarily as leases expire.
All stores are leased, with lease terms generally ranging from 5 to 10 years with options to renew for varying terms.
Full-price stores' target size is approximately 1,800 square feet, but can range from 1,000 to 2,800 square feet and are located primarily in high-traffic regional malls, lifestyle centers, and mixed-use shopping centers, while factory outlets target approximately 3,000 square feet. Full-price stores currently average 1,900 square feet and factory outlet stores average 3,200 square feet.
|Total gross square feet (M)||378||378||369||342||279||207|
|Total gross square feet growth||2.5%||2.5%||7.7%||22.8%||34.6%||32.5%|
|Avg store gross sq ft||2,400||2,400||2,300||2,300||2,200||2,100|
|Avg store gross sq ft growth||1.9%||1.9%||1.6%||2.3%||6.6%||1.7%|