As of May 5, 2018, the company operated 658 stores in 32 states in the Northeast, South and Midwest.
In fiscal 2017, the company opened 104 new stores and closed 1 existing store. During the first half of fiscal 2018, the company opened 67 new stores. The company plans to open 125 stores in fiscal 2018 and sees the opportunity to grow its store base to more than 2,500 locations over the long term, which is up from last year's estimation of 2,000 locations over the long term.
All stores are leased, average approximately 7,600 square feet, while new store models average 8,000 square feet, and are primarily located in 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)||5,300||4,762||3,938||3,285||2,752||2,287|
|Total gross square feet growth||19.5%||20.9%||19.9%||19.3%||20.3%||25.0%|
|Avg store gross sq ft||7,700||7,600||7,500||7,500||7,500||7,500|
|Avg store gross sq ft growth||0.8%||1.0%||0.4%||-0.0%||-0.1%||0.3%|