As of Jun 27, 2015 the company operated 90 superstores in 10 Canadian provinces and 1 territory under the Chapters and Indigo banners, and 126 small format stores under the Coles, Indigo, Indigospirit, SmithBooks and The Book Company banners.
In fiscal 2015, the company closed 4 superstores and 4 small format stores, and closed 1 of each format in the first quarter of 2016. Indigo has no new store opening plans, and will continue to evaluate opportunities to close underperforming stores.
All stores are leased. The average unexpired lease term of Indigo’s superstores and small format stores is approximately 3.4 years and 1.8 years, respectively.
Stores are located in a variety of locations including malls, shopping centers, street front areas and central business districts. Superstores range in size from 10,000 to 52,000 square feet, with the majority between 20,000 and 30,000 square feet, and average approximately 23,300 square feet. Small format stores average approximately 2,800 square feet.
|Total gross square feet (M)||2,379||2,417||2,570||2,614||2,635||2,648|
|Total gross square feet growth||-5.5%||-6.0%||-1.7%||-0.8%||-0.5%||0.5%|
|Avg store gross sq ft||11,000||11,100||11,400||11,300||11,000||10,700|
|Avg store gross sq ft growth||-2.5%||-2.5%||0.5%||3.1%||2.4%||0.5%|