As of Apr 29, 2017, Perfumania operated 240 stores in the United States.
During fiscal 2016, the company opened 4 new stores and closed 30 stores. In the first quarter of fiscal 2017, the company closed 47 stores. The company has stated that it plans to actively close stores where potential for long-term growth is no longer apparent.
All stores are located in leased premises. Store leases provide for the payment of a fixed amount of base rent plus a percentage of sales, ranging from 3% to 15%, over certain minimum sales levels, and some include termination options. Stores are generally located in regional malls, manufacturers’ outlet malls, lifestyle centers, airports and on a stand-alone basis in suburban strip shopping centers, and average 1,400 square feet.
|Total gross square feet (M)||335||404||415||454||471||495|
|Total gross square feet growth||-21.5%||-8.6%||-8.3%||-3.6%||-4.8%||-1.2%|
|Avg store gross sq ft||1,400||1,400||1,400||1,400||1,400||1,400|
|Avg store gross sq ft growth||-0.9%||-0.3%||-1.5%||-0.9%||-1.1%||-0.6%|