As of Apr 29, 2017, there were 3,186 company-operated stores worldwide including 2,654 stores in North America (835 Gap, 1,047 Old Navy, 597 Banana Republic, 133 Athleta, 42 Intermix), 163 stores in Europe and 369 stores in Asia, as well as 466 franchised stores in 50 countries.

In fiscal 2016, the company opened 99 stores and closed 174 stores. During the first quarter of fiscal 2017, the company opened 9 stores and closed 23 stores. In fiscal 2017, the company expects to open 40 net new locations with square footage remaining roughly flat.

Almost all stores are leased, typically with a five-year base period, with one or more renewal options after the initial term. Gap North America stores average approximately 10,400 square feet, Banana Republic North America stores average approximately 8,300 sq ft, Old Navy North America stores average approximately 16,700 sq ft, Athleta stores average approximately 4,500 sq ft, and Intermix stores average approximately 2,300 sq ft.

TTM20162015201420132012
Stores3,1863,2003,2753,2803,1643,095
Store growth-2.7%-2.3%-0.2%3.7%2.2%1.9%
Total gross square feet (M)36,50036,70037,90038,10437,20436,904
Total gross square feet growth-3.4%-3.2%-0.5%2.4%0.8%-0.8%
Avg store gross sq ft11,50011,50011,60011,60011,80011,900
Avg store gross sq ft growth-0.7%-0.9%-0.4%-1.2%-1.4%-2.7%

Notes:Only includes company-operated stores; excludes franchised stores