As of Jul 29, 2017, the company operated 112 full-price stores and 49 outlet stores across 34 states.
In fiscal 2017, the company opened 4 new full-line stores and 6 new outlet stores. The company opened 3 new outlet stores and closed 1 full-price store in the first half of fiscal 2018. Going forward, the company plans to open 6 factory outlet stores in fiscal 2018, and to relocate or close up to 15 underperforming full-line stores over the next two years as they continue to slow short-term plans for new store openings until positive comparable store sales growth returns.
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 average approximately 3,000 square feet.
|Total gross square feet (M)||377||369||342||279||207||156|
|Total gross square feet growth||5.3%||7.7%||22.8%||34.6%||32.5%||37.7%|
|Avg store gross sq ft||2,300||2,300||2,300||2,200||2,100||2,100|
|Avg store gross sq ft growth||2.0%||1.6%||2.3%||6.6%||1.7%||1.5%|