Leased Properties
−Removed: As of January 30, 2021, we have approximately 1,825,000 leased gross square feet for 24 Design Galleries, 38 legacy Galleries, 2 RH Modern Galleries, 4 RH Baby & Child Galleries and 14 Waterworks Showrooms.
+Added: As of January 29, 2022, we have approximately 1,981,000 leased gross square feet for 27 Design Galleries, 36 legacy Galleries, 1 RH Modern Gallery, 3 RH Baby & Child Galleries and 14 Waterworks Showrooms.
We have approximately 1,190,000 leased gross square feet for 38 outlet stores as of January 29, 2022.
5 unchanged sentences
Baltimore (North East), Maryland
+Added: Ontario, California
RH Small-Parcel Fulfillment Center
13 unchanged sentences
(5) Location of Waterworks Headquarters.
−Removed: We have signed a lease for a third furniture fulfillment center in the Los Angeles market, which is expected to be operational in the spring of 2021.
−Removed: This facility has approximately 1,000,000 leased square feet.
We believe that our current offices and facilities are in good condition, are being used productively and are adequate to meet our requirements for the foreseeable future.
For additional information regarding leases, refer to “Lease Accounting” within Note 3— Significant Accounting Policies and Note 11— Leases in our consolidated financial statements within Part II of this Annual Report on Form 10-K.
−Removed: FORM 10-K | 43
Owned Property
−Removed: We own three properties for current and future retail locations, including an approximate 5,400 square foot building that is the location of our Gallery in San Francisco’s Design District, an approximate 54,100 square foot building in England for a future Design Gallery, and an approximate 22,100 square foot building in Morris Township, New Jersey for a future Design Gallery.
+Added: We own four properties for current and future retail locations, including an approximate 5,400 square foot building that is the location of our Gallery in San Francisco’s Design District, an approximate 54,100 square foot building in England for a future Design Gallery, an approximate 22,100 square foot building in Morris Township, New Jersey for a future Design Gallery, and an approximate 12,500 square foot building in Birmingham, Michigan for a future Design Gallery.
The owned properties are part of our RH Segment.
+Added: 36 | FORM 10-K
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.