As of Apr 29, 2017, the company operated 553 stores in 32 states in the Northeast, South and Midwest.
In fiscal 2016, the company opened 85 new stores and closed 1 existing store. During the first quarter of ffiscal 2017, the company opened 31 new stores. The company plans to open 100 stores in fiscal 2017 and sees the opportunity to grow its store base to more than 2,000 locations over the long term.
All stores are leased, average approximately 8,000 square feet, and are primarily located in power, community and lifestyle shopping centers across a variety of urban, suburban and semi-rural markets with trade areas including at least 100,000 people in the specified market, while approximately 3% of stores are located in malls. Leases typically have 10-year terms with additional 5-year renewal options, and many provide the option to terminate early under specified conditions.
|Total gross square feet (M)||4,200||3,938||3,285||2,752||2,287||1,830|
|Total gross square feet growth||21.6%||19.9%||19.3%||20.3%||25.0%||25.2%|
|Avg store gross sq ft||7,600||7,500||7,500||7,500||7,500||7,500|
|Avg store gross sq ft growth||0.7%||0.4%||-0.0%||-0.1%||0.3%||-1.5%|