As of Mar 31, 2017, Lumber Liquidators operated 377 stores in 46 states and 8 stores in Ontario, Canada.
In fiscal 2016, the company opened 9 new stores. The company opened 2 new stores in the first quarter of 2017. The company expects to open 10 to 15 stores in fiscal 2017.
All stores are leased under operating leases, and generally have five-year base periods with one or more five-year renewal periods.
Stores are free-standing, in strip centers or small shopping centers in locations accessible from major roadways and have significant visibility to passing traffic. The company looks for new store locations that are approximately 6,500 to 7,500 square feet, with approximately 1,700 square feet dedicated to the showroom selling area, larger than previous prototypes which utilized 1,000 to 1,200 square feet of showroom space.
|Total gross square feet (M)||2,519||2,505||2,442||2,288||2,067||1,872|
|Total gross square feet growth||2.9%||2.6%||6.7%||10.7%||10.4%||9.5%|
|Avg store gross sq ft||6,500||6,500||6,500||6,500||6,500||6,500|
|Avg store gross sq ft growth||0.2%||0.2%||0.5%||0.0%||0.0%||0.0%|