−Removed: As of December 28, 2024, we leased 532 of our 533 stores and each of our self-operated distribution centers and warehouse facilities.
−Removed: The one remaining store was owned by an IO.
−Removed: Our stores are located in California (274), Washington (74), Oregon (61), Pennsylvania (35), Tennessee (24), Idaho (15), Maryland (12), Nevada (11), North Carolina (9), New Jersey (7), Georgia (4), Ohio (3), Alabama (1), Delaware (1), Kentucky (1) and Virginia (1).
−Removed: Our initial lease terms for store locations are typically ten years with options to renew for two or three successive five-year periods.
−Removed: As of December 28, 2024, our 533 total stores averaged approximately 14,000 square feet on the sales floor.
+Added: As of January 3, 2026, we leased all of our 570 stores and each of our self-operated distribution centers and warehouse facilities.
+Added: Our stores are located in California (284), Washington (76), Oregon (63), Pennsylvania (39), Tennessee (24), Idaho (17), Nevada (16), Maryland (15), Ohio (11), New Jersey (9), North Carolina (8), Georgia (4), Alabama (1), Delaware (1), Kentucky (1) and Virginia (1).
+Added: Our initial lease terms for store locations are typically ten to fifteen years with options to renew for three or four successive five-year periods.
+Added: As of January 3, 2026, our 570 total stores averaged approximately 13,600 square feet on the sales floor.
Our corporate headquarters, located in Emeryville, California, is leased under an agreement that expires in 2028, with an option to renew for a five-year period.
−Removed: We self-operate four primary distribution centers, one of which we are in process of relocating to a new distribution center space with a lease commencement in February 2025.
+Added: We self-operate four primary distribution centers, one of which we are in process of relocating to a new distribution center space with a lease commencement in August 2025 and operations commencing in January 2026.
Including the relocated distribution center, our primary distribution centers range from approximately 100,000 square feet to approximately 700,000 square feet.
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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.