As of Oct 28, 2017, the company operated 1,426 Big Lots stores in 47 states.
In fiscal 2016, the company opened 9 and closed 26 stores in the US. During the first nine months of fiscal 2017, the company opened 19 stores and closed 25 stores. In fiscal 2017, the company expects to open 20 new stores and close approximately 40 existing stores.
Except for 54 owned stores in the US all stores are leased, are predominantly located in strip shopping centers, and have an average store size of approximately 31,100 square feet, of which an average of 22,000 square feet is selling square feet. Typical leases are for an initial minimum term of 5 to 10 years with multiple five-year renewal options.
|Total gross square feet (M)||44,449||44,570||44,914||45,134||47,489||47,376|
|Total gross square feet growth||-0.7%||-0.8%||-0.5%||-5.0%||0.2%||3.5%|
|Avg store gross sq ft||31,200||31,100||31,000||30,900||30,200||30,100|
|Avg store gross sq ft growth||0.4%||0.4%||0.3%||2.2%||0.5%||0.8%|
Notes:All stores in Canada were closed in the 1st quarter of fiscal 2014, and are now classified as discontinued operations