As of Mar 31, 2018, the company operated 425 stores worldwide, including 71 kiosks/store in stores, 145 retail stores and 209 outlet stores, with 174 in the Americas, 177 in Asia-Pacific and 74 in Europe.
During fiscal 2017, the company opened 19 stores and closed 130 stores. In the first three months of fiscal 2018, the company closed 22 stores. The company announced at the end of 2016 plans to close approximately 160 retail stores by the end of 2018, thereby reducing the total store count to approximately 400.
All stores are leased, with stores in the Americas averaging approximately 1,500-1,800 square feet, stores in Europe averaging 800-1,200 square feet and stores in Asia averaging 650-1,500 square feet. Going forward, the ideal store sizes are approximately 1,600 square feet for the Americas and Europe, and 800-1,200 square feet in Asia.
|Total gross square feet (M)||579||611||759||762||799||838|
|Total gross square feet growth||-21.7%||-19.5%||-0.3%||-4.6%||-4.7%||16.3%|
|Avg store gross sq ft||1,400||1,400||1,400||1,400||1,400||1,400|
|Avg store gross sq ft growth||-0.1%||0.4%||-0.2%||-0.2%||0.8%||0.9%|
Notes:eMarketer is estimating square footage based on reported company figures on store sizes by format and region