As of Oct 28, 2017, there were 3,193 company-operated stores worldwide including 2,666 stores in North America (835 Gap, 1,057 Old Navy, 596 Banana Republic, 140 Athleta, 38 Intermix), 157 stores in Europe and 370 stores in Asia, as well as 446 franchised stores in 46 countries.
In fiscal 2016, the company opened 99 stores and closed 174 stores. During the first nine months of fiscal 2017, the company opened 65 stores and closed 72 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.
|Total gross square feet (M)||36,600||36,700||37,900||38,104||37,204||36,904|
|Total gross square feet growth||-2.9%||-3.2%||-0.5%||2.4%||0.8%||-0.8%|
|Avg store gross sq ft||11,500||11,500||11,600||11,600||11,800||11,900|
|Avg store gross sq ft growth||-0.2%||-0.9%||-0.4%||-1.2%||-1.4%||-2.7%|
Notes:Only includes company-operated stores; excludes franchised stores