Store Locations
−Removed: As of January 28, 2023, we operated 611 stores located in 33 states.
+Added: As of February 3, 2024, we operated 602 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.
3 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 January 28, 2023:
+Added: The table below sets forth the number of stores in each of the 33 states in which we operated as of February 3, 2024:
Massachusetts
4 unchanged sentences
In addition, we currently lease a flexible office space in New York City.
−Removed: We also operate a distribution center in Darlington, South Carolina totaling approximately 550,000 square feet and another distribution center in Roland, Oklahoma totaling approximately 565,000 square feet.
−Removed: In April 2022, we completed a sale-leaseback of our Darlington distribution center resulting in a 20-year lease term with the option to extend for six additional periods of five years each.
−Removed: In September 2022, we completed a sale-leaseback of our Roland distribution center resulting in a 15-year lease term with the option to extend for six additional periods of five years each.
+Added: We also lease and operate two distribution centers, one in Darlington, South Carolina totaling approximately 550,000 square feet and another in Roland, Oklahoma totaling approximately 565,000 square feet.
We believe our facilities are suitable and adequate to meet our current business and operational needs .
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.