As of Jul 29, 2017, the company operated 483 stores, including 90 Hudson's Bay stores, 50 Lord & Taylor stores, 41 Saks Fifth Avenue stores, 124 Off 5th stores, and 51 Home Outfitters stores in North America; 127 stores in Europe under the GALERIA Kaufhof, GALERIA Inno and Sportarena names.
In fiscal 2016, the company opened 32 net Off 5th stores, 9 of which were the first Off 5th stores in Canada, and closed 9 net Home Outfitters stores. During the first half of fiscal 2017, the company opened 12 net Off 5th stores, 5 of which were the first Off 5th stores in Germany, and closed 2 Home Outfitters stores and 2 Galleria stores. In May of 2017, the company announced intentions to open 20 net new stores in the Netherlands over the next two years. In addition to the 2016 openings, the company believes there is an opportunity to open up to 7 Saks Fifth Avenue stores and 25 Saks Off 5th stores in Canada over the coming years.
At year end, store ownership and prototype by concept were as follows: Hudson's Bay- owned 1, jointly-owned 10, ground leased 2, and leased 77 stores, which range from 17,000 to 676,000 square feet and average approximately 166,000 square feet; Home Outfitters- leased 53 stores, which range from 28,000 to 81,000 square feet and average approximately 35,200 square feet; Saks Fifth Avenue owned 5, jointly-owned 12, ground leased 5 and leased 19 stores, which range from 22,000 to 655,000 square feet and average approximately 125,000 square feet; Off 5th- leased 116 stores, which range from 18,000 to 78,000 square feet and average approximately 30,000 square feet; Lord & Taylor- owned 7, jointly owned 30, ground leased 5, and leased 8 stores, which range from 79,000 to 676,000 square feet and average approximately 138,000 square feet; and Galeria Kaufhof-mixed ownership 11, jointly-owned 40, ground leased 2, and leased 48 stores, which range from 105,000 to 1,229,000 square feet and average approximately 291,000 square feet.
|Total gross square feet (M)||60,564||61,222||62,190||32,081||32,387||25,461|
|Total gross square feet growth||-0.9%||-1.6%||93.9%||-0.9%||27.2%||0.3%|
|Avg store gross sq ft||125,400||127,500||134,900||99,600||101,200||123,000|
|Avg store gross sq ft growth||-3.2%||-5.5%||35.4%||-1.6%||-17.7%||-0.2%|
Notes:Reflects the acquisition of Saks in Nov 2013