As of Mar 31, 2017, the company operated 542 stores worldwide, including 90 kiosks/store in stores, 219 retail stores and 233 outlet stores, with 186 in the Americas, 260 in Asia-Pacific and 96 in Europe.
During fiscal 2016, the company opened 83 stores and closed 84 stores. In the first quarter of fiscal 2017, the company opened 10 stores and closed 26 stores. The company anticipates closing 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)||740||759||762||799||838||721|
|Total gross square feet growth||-1.3%||-0.3%||-4.6%||-4.7%||16.3%||31.1%|
|Avg store gross sq ft||1,400||1,400||1,400||1,400||1,400||1,300|
|Avg store gross sq ft growth||0.2%||-0.2%||-0.2%||0.8%||0.9%||4.9%|
Notes:eMarketer is estimating square footage based on reported company figures on store sizes by format and region