As of Apr 29, 2017, the company operated 80 stores across 22 states across the Western United States.
In fiscal 2016, the company opened 11 new stores. During the first quarter of 2017, the company opened 5 new stores. The company plans to grow its store base at a rate of greater than 10% annually over the next several years. Long term, the company believes there is the potential for a US footprint of at least 300 stores.
All stores are leased, with initial terms typically ranging from 5 to 15 years, and many have additional 5-year renewal options.
Stores are located in power, neighborhood and lifestyle centers, range in size from 15,000 to 65,000 square feet, and average approximately 44,000 gross square feet, with 75% of store space devoted to selling square feet. The store layout is adaptable to a variety of real estate venues, including power, neighborhood and lifestyle centers as well as single-unit, stand-alone locations. In small- to medium-sized markets, the company generally seeks anchor locations within high-traffic, easily accessible shopping centers. In larger metropolitan areas, the company generally seeks locations in retail areas with major discount retailers (such as Wal-Mart), wholesale retailers (such as Costco), other specialty hardline retailers (such as The Home Depot) or supermarkets.
|Total gross square feet (M)||3,244||3,269||2,816||2,565||2,256||1,646|
|Total gross square feet growth||10.7%||16.1%||9.8%||13.7%||37.1%||13.6%|
|Avg store gross sq ft||40,500||43,600||44,000||46,600||48,000||49,900|
|Avg store gross sq ft growth||-7.3%||-1.0%||-5.6%||-2.8%||-3.7%||-0.2%|