Real Estate
As of Oct 31, 2015, the company operated 723 stores, including full-price stores, factory outlets and shop-in-shops.
During fiscal 2015, the company opened a net 50 new stores, the majority of which were full-price stores.
All stores are leased. eMarketer estimates full-price stores average approximately 4,000 square feet, factory outlets average approximately 3,000 square feet, and shop-in-shops average approximately 900 square feet.
| TTM | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|
| Stores | 723 | 723 | 683 | 631 | 605 | 547 |
| Store growth | 5.9% | 5.9% | 8.2% | 4.3% | 10.6% | 1.3% |
| Total gross square feet (M) | 2,055 | 2,055 | 1,748 | 1,697 | 1,699 | 1,599 |
| Total gross square feet growth | 17.6% | 17.6% | 3.0% | -0.1% | 6.3% | 0.6% |
| Avg store gross sq ft | 2,800 | 2,800 | 2,600 | 2,700 | 2,800 | 2,900 |
| Avg store gross sq ft growth | 11.0% | 11.0% | -4.8% | -4.2% | -3.9% | -0.6% |