As of Apr 29, 2017, Express operated 543 primarily mall-based retail stores and 109 factory outlet stores in 47 states and the District of Columbia, Canada and Puerto Rico, as well as 20 franchised stores in the Middle East, Latin America and South Africa.
In 2016, the company opened 22 new outlet stores, 1 retail store and closed 28 domestic retail stores. During the first quarter of 2017, the company opened 5 outlet stores and closed 9 retail stores. In fiscal 2017, the company plans to open 19 outlet stores and to close 30 retail stores, of which 20 will be converted to outlet locations.
All stores are leased, are located primarily in high-traffic shopping malls, lifestyle centers and street locations, and average approximately 8,400 gross square feet. Leases are typically for initial terms of 10 years, with options to renew for additional multi-year periods thereafter, and some have early termination clauses.
|Total gross square feet (M)||5,612||5,662||5,640||5,619||5,498||5,423|
|Total gross square feet growth||1.0%||0.4%||0.4%||2.2%||1.4%||3.0%|
|Avg store gross sq ft||8,600||8,600||8,400||8,800||8,700||8,700|
|Avg store gross sq ft growth||-0.4%||2.5%||-4.0%||0.8%||0.3%||0.3%|