We lease all of our existing store locations in the United States, Puerto Rico, and Canada, with lease terms expiring through 2032.
−Removed: The average unexpired lease term for our stores is approximately 1.2 years in the United States and Puerto Rico and in Canada.
+Added: The average unexpired lease term for our stores is approximately 0.9 years in the United States, Puerto Rico, and Canada.
Generally, we enter into initial lease terms ranging between 1-10 years at inception and provide for contingent rent based on sales in excess of specific minimums.
4 unchanged sentences
Fort Payne, AL (1)
−Removed: Warehouse Distribution Center 700,000 Owned
+Added: Store Distribution Center / E-commerce Fulfillment Center 700,000 Owned
Ontario, Canada (2)
−Removed: Warehouse Distribution Center 95,000 4/30/2024
+Added: Store Distribution Center / E-commerce Fulfillment Center 95,000 4/30/2024
500 Plaza Drive, Secaucus, NJ (3)
3 unchanged sentences
Brownsburg, Indiana (4)
−Removed: Warehouse Distribution Center 315,000 8/31/2024
+Added: E-commerce Fulfillment Center 315,000 8/31/2024
+Added: Ontario, Canada (5)
+Added: E-commerce Fulfillment Center 184,000 9/9/2024
____________________________________________
1 unchanged sentence
stores, wholesale, and e-commerce business.
−Removed: (2) Supports our Canadian stores and our Canadian e-commerce business via a third-party provider.
+Added: (2) Supports our Canadian stores and our Canadian e-commerce business .
(3) Supports our U.S.
2 unchanged sentences
e-commerce business via a third-party provider.
−Removed: The Company currently utilizes 315,000 square feet of space in the 694,000 square foot facility.
+Added: The Company's third-party provider currently utilizes 315,000 square feet of space in the 694,000 square foot facility.
+Added: Occupancy costs are based on transaction volume.
+Added: (5) Supports our Canadian e-commerce business via a third-party provider.
+Added: The Company's third-party provider currently utilizes 184,000 square feet of space in the 286,000 square foot facility.
+Added: Occupancy costs are based on transaction volume.
On occasion, we may utilize additional third-party facilities to support seasonal warehousing 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.