We lease all of our existing store locations in the United States, Puerto Rico, and Canada, with lease terms expiring through 2037.
−Removed: The average unexpired lease term for our stores is approximately 1.9 years in the United States, Puerto Rico, and Canada.
Generally, we enter into initial lease terms for our stores ranging between 1 - 11 years at inception and provide for contingent rent based on sales in excess of specific minimums.
We anticipate that we will be able to extend those leases which we wish to extend on satisfactory terms as they expire or relocate to more desirable locations.
−Removed: The following table sets forth information with respect to certain of our non-store locations as of February 1, 2025:
+Added: Our non-store locations as of January 31, 2026 are as follows:
Location Use Approximate Sq.
6 unchanged sentences
Offsite Storage 200,000 6/30/2026
−Removed: Scottsboro, AL (1)
−Removed: Offsite Storage 303,000 7/31/2026
Fort Payne, AL (1) (2)
12 unchanged sentences
(4) Supports back-office functions, sourcing services and other business and corporate matters as needed.
−Removed: The corporate office is expected to be fully operational in the second quarter of Fiscal 2025.
−Removed: (5) The current lease expired on March 31, 2025 and is expected to be renewed until June 30, 2025.
+Added: The corporate office became operational in the third quarter of Fiscal 2025.
We also use a third-party provider operating a 315,000 square foot distribution center in Indiana and 184,000 square foot distribution center in Ontario, Canada to support our U.S.
1 unchanged sentence
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.