As of Apr 29, 2017, DSW operated a total of 508 stores located in 43 states, the District of Columbia and Puerto Rico.
The company opened 33 net new stores in fiscal 2016. During the first quarter of 2017, the company added 7 net new stores. DSW plans to open approximately 15 to 17 DSW stores and to close 2 to 4 DSW stores in fiscal 2017.
All stores are leased, with most providing for a minimum annual rent plus a percentage of gross sales over specified breakpoints, and are for a fixed term with options for 2 to 5 extension periods, each of which is for a period of 4 or 5 years, exercisable at the company's option.
Stores average approximately 20,600 square feet, while small-format stores average approximately 12,000 sq ft. New store openings will focus on power strip centers, but the company also considers regional malls, lifestyle centers and urban street locations.
|Total gross square feet (M)||10,449||10,336||9,805||9,277||8,687||8,120|
|Total gross square feet growth||5.0%||5.4%||5.7%||6.8%||7.0%||11.4%|
|Avg store gross sq ft||20,600||20,600||21,000||21,500||22,000||22,300|
|Avg store gross sq ft growth||-1.2%||-1.5%||-2.7%||-2.4%||-1.2%||-0.2%|