As of Dec 31, 2017, the company operated 323 locations throughout the Western US, including 260 Smart & Final stores and 63 Cash & Carry stores, as well as 15 stores in Northwestern Mexico in a joint venture.
In fiscal 2017, the company opened 14 new Smart & Final Extra! Stores, converted 8 Legacy stores to Extra! format stores and closed 8 Legacy stores, in addition to opening 4 Cash & Carry stores. The company expects to open 3 to 5 stores each for the Smart & Final and Cash & Carry concepts.
All stores are leased, typically for initial terms of 15 to 20 years, with renewal options of 5 to 15 years.
Stores are located primarily in areas with higher concentrations of businesses in both smaller and mid-sized shopping centers and at stand-alone sites. In 2008, the company launched a transformational initiative to convert Legacy Smart & Final stores to larger format stores called Extra!. At the end of fiscal 2017, there were 194 Extra! and 66 Legacy Smart & Final Stores. Legacy Smart & Final stores average approximately 16,000 square feet. Extra! stores average approximately 28,000 square feet. Cash & Carry stores average approximately 20,000 square feet.
|Total gross square feet (M)||7,791||7,791||7,261||6,034||5,343||4,899|
|Total gross square feet growth||7.3%||7.3%||20.3%||12.9%||9.1%||3.0%|
|Avg store gross sq ft||24,100||24,100||23,800||21,900||21,000||20,400|
|Avg store gross sq ft growth||1.3%||1.3%||8.9%||3.9%||3.0%||0.9%|