As of May 3, 2014 Jos. A. Bank operated 638 stores, consisting of 578 company-owned full-line stores, 45 company-owned outlet & factory stores and 15 franchised stores.
In fiscal 2013, the company opened 22 full-line stores and closed 2, and opened 8 factory outlets and closed 2. In the first quarter of fiscal 2014, the company opened 10 new stores, including 7 full-line stores and 3 factory stores, and plans to open 20-25 full-line stores, open 10-15 factory stores and close 1 or more full-line stores during the full year. The company believes the chain can be grown to approximately 800 stores, consisting of 700 Full-line Stores and 100 Factory stores in the United States.
At year-end the company owned 1 store and the remainder were leased. Full-line stores range in size from approximately 1,400 to 18,900 square feet, with an average of 4,600 square feet, and are located in high-end, specialty retail centers including outdoor lifestyle centers, malls and downtown/street front/business districts. Full-line stores opened in fiscal 2012 and 2013 averaged approximately 4,500 and 4,400 square feet, respectively. Outlet and factory stores averaged approximately 4,100 square feet, and those opened in fiscal 2012 and 2013 averaged approximately 4,100 and 3,900 square feet, respectively.
|Total gross square feet (M)||2,666||2,636||2,554||2,370||2,229||2,102|
|Total gross square feet growth||3.8%||3.2%||7.8%||6.3%||6.1%||1.9%|
|Avg store gross sq ft||4,600||4,600||4,600||4,600||4,600||4,600|
|Avg store gross sq ft growth||-0.3%||-0.2%||0.7%||-1.1%||0.1%||-0.8%|
Notes:Excludes factory, outlet and franchised stores