As of May 5, 2018, the company operated 553 stores in 31 states.
In fiscal 2017, the company opened 20 stores and closed 4 stores. The company opened 5 new stores and closed 1 store in the first quarter of fiscal 2018. During fiscal 2018, the company expects to open 20 new stores.
All stores are leased, with an initial term of 5 years with options to extend for three additional 5-year periods, and nearly all have the cancellation rights if sales don't meet pre-determined levels.
Stores are typically located in neighborhood strip shopping centers that are convenient to low to moderate income customers and average approximately 11,000 square feet of selling space and 13,200 gross square feet.
|Total gross square feet (M)||7,307||7,243||7,148||6,879||6,854||6,660|
|Total gross square feet growth||1.8%||1.3%||3.9%||0.4%||2.9%||-0.6%|
|Avg store gross sq ft||13,200||13,200||13,400||13,200||13,400||13,200|
|Avg store gross sq ft growth||-0.9%||-1.6%||1.6%||-1.6%||1.7%||1.0%|