Citi Trends Inc 10-K

ITEM 2. PROPERTIES Store Locations As of January 30, 2021, we operated 585 stores located in 33 states. Our stores average approximately 11,000 square feet of selling space and are typically located in outdoor community shopping centers that are convenient to low and moderate income customers. We have no franchising relationships, and all of the stores are company operated. All existing 585 stores, totaling 7.8 million total square feet and 6.5 million selling square feet, are leased under operating leases. The typical store lease is for five years with options to extend the lease term for three additional five-year periods. 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. The table below sets forth the number of stores in each of the 33 states in which we operated as of January 30, 2021: Alabama—33 Arkansas—15 California—8 Connecticut—4 Delaware—3 Florida—52 Georgia—64 Illinois—22 Indiana—17 Iowa—2 Kansas—1 Kentucky—7 Louisiana—33 Maryland—7 Massachusetts—3 Michigan—22 Minnesota—2 Mississippi—27 Missouri—8 Nebraska—1 Nevada—2 New Jersey—1 New York—10 North Carolina—49 Ohio—30 Oklahoma—7 Pennsylvania—9 Rhode Island—2 South Carolina—43 Tennessee—18 Texas—57 Virginia—20 Wisconsin—6 19 Table of Contents Support Center Facilities We own a facility in Savannah, Georgia totaling approximately 70,000 square feet, which serves as our headquarters and, to a lesser extent, as a storage facility. We also own an approximately 550,000 square-foot distribution center in Darlington, South Carolina and a 565,000 square-foot distribution center in Roland, Oklahoma. In addition, we currently lease a 12,300 square-foot office in New York City.