10 unchanged sentences
Chicago, Illinois (Administrative and information systems functions)
+Added: Mesa, Arizona (call center and administrative functions)
+Added: Manassas, VA (administrative functions)
+Added: Rochester, NY (administrative functions)
Retail Distribution Centers:
2 unchanged sentences
(1) Assumes exercise of applicable lease renewal options.
−Removed: (2) The Company will relocate this office in March 2025 to a new lease in Oxnard, California of approximately 5,000 square feet and a lease expiration (1) of 2028.
−Removed: As of December 31, 2024, we had 206 store locations in 43 states of which we lease 165 locations.
−Removed: These locations generally range in size from approximately 20,000 to 80,000 square feet and are typically situated on approximately 8 to 50 acres.
−Removed: The leases for our store locations typically have terms of 10 years, with multiple renewal terms of five years each.
+Added: As of December 31, 2025, most of the properties, including the above and most of our 196 store locations, were leased through 234 leases.
+Added: Our retail locations are located in 44 states, generally ranging in size from approximately 10,000 to 80,000 square feet, and are typically situated on approximately 8 to 45 acres.
+Added: The leases for our store locations typically have terms between 5 to 20 years, with multiple renewal terms of five years each.
These leases are typically “triple net leases” that require us to pay real estate taxes, insurance and maintenance costs.
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.