As of Feb 28, 2017, the company operated 8,126 locations in all 50 states, the District of Columbia, Puerto Rico and Guam, and 4,701 health and beauty retail stores across 8 countries internationally.

In fiscal 2016, store counts increased by 2 stores domestically and 91 stores internationally. During the first half of fiscal 2017, store counts decreased by 59 stores domestically and increased by 28 stores internationally. In the second quarter of fiscal 2015, the company acquired Alliance Boots and its approximately 4,600 health and beauty retail stores. On Oct 27, 2015, the company entered into a merger agreement with Rite Aid, and the transaction is expected to close in the second half of 2016, subject to Rite Aid stockholder approval, regulatory approvals and other customary closing conditions.

At year-end, the company owned approximately 14% and 4% of its retail drugstore locations domestically and internationally, respectively. The remaining drugstore locations were leased. Initial lease terms are typically 15 to 25 years, with renewal options at five-year intervals, and may include rent escalation clauses. Drugstores average approximately 10,900 square feet of selling space and 14,100 square feet of total space in the US.

Store growth0.2%0.7%55.4%1.1%2.3%2.2%
Total gross square feet (M)130,922131,413131,464115,686114,580112,320
Total gross square feet growth-0.7%-0.0%13.7%1.0%2.0%1.7%
Avg store gross sq ft10,20010,20010,30014,10014,10014,200
Avg store gross sq ft growth-0.9%-0.8%-26.9%-0.2%-0.3%-0.5%

Notes:Reflects acquisition of Alliance Boots in Dec 2014