As of Aug 4, 2018, Express operated 455 primarily mall-based retail stores and 176 factory outlet stores in 47 states, the District of Columbia, and Puerto Rico, as well as 16 franchised stores in the Middle East, Latin America and South Africa.
In fiscal 2017, the company opened 17 outlet stores, converted 24 retail stores to outlet stores, and closed 38 retail stores, including all stores in Canada. The company opened 4 outlet store and closed 8 retail stores in the first half of fiscal 2018. In fiscal 2018, the company plans to open 10 outlet stores and to close 36 retail stores, of which 28 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 8,500 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)||5,384||5,425||5,662||5,640||5,619||5,498|
|Total gross square feet growth||-1.0%||-4.2%||0.4%||0.4%||2.2%||1.4%|
|Avg store gross sq ft||8,500||8,500||8,600||8,400||8,800||8,700|
|Avg store gross sq ft growth||-0.8%||-1.0%||2.5%||-4.0%||0.8%||0.3%|