Store Locations
−Removed: As of February 1, 2025, we operated 591 stores located in 33 states.
−Removed: Our stores average approximately 11,000 square feet of selling space and are typically located in outdoor community shopping centers that are convenient to mid- to low-income African American customers.
+Added: As of January 31, 2026, we operated 590 stores located in 33 states.
+Added: Our stores average approximately 11,000 square feet of selling space and are typically located in outdoor community shopping centers that are convenient to Black customers.
We have no franchising relationships, and all of the stores are company operated.
2 unchanged sentences
Nearly all store leases provide us the right to cancel following an initial three-year period in the event the store does not meet pre-determined sales levels.
−Removed: The table below sets forth the number of stores in each of the 33 states in which we operated as of February 1, 2025:
+Added: The table below sets forth the number of stores in each of the 33 states in which we operated as of January 31, 2026:
Massachusetts
2 unchanged sentences
Corporate Offices and Distribution Center Facilities
−Removed: We own a facility in Savannah, Georgia which serves as our headquarters and, to a lesser extent, as a storage facility.
+Added: Our corporate headquarter is in Savannah, Georgia under a lease agreement that expires in June 2030.
In addition, we currently lease office space in New York City.
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.