Leased Properties
−Removed: 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.
−Removed: We have approximately 1,190,000 leased gross square feet for 38 outlet stores as of January 29, 2022.
+Added: The following table summarizes the total leased gross square footage of our leased properties as of January 28, 2023:
+Added: LEASED GROSS SQUARE FOOTAGE
+Added: (approximate, in thousands)
+Added: Retail locations (1)
+Added: (1) Retail locations include the Design Galleries, legacy Galleries, Modern Gallery, Baby & Child and TEEN Galleries and Waterworks Showrooms.
+Added: Refer to “Retail Locations” within Item 1 — Business .
+Added: FORM 10-K | 31
The following table summarizes the location and size of our leased fulfillment centers, home delivery center locations and corporate facilities occupied as of January 28, 2023:
LEASED SQUARE FOOTAGE
−Removed: (Approximate)
+Added: (approximate, in thousands)
RH Furniture Fulfillment Centers
19 unchanged sentences
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.
+Added: In addition to the above, we also have a third-party service agreement for a shared distribution center facility in Belgium.
Owned Property
−Removed: 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.
−Removed: The owned properties are part of our RH Segment.
+Added: As of January 28, 2023, we own nine properties, eight of which are owned through our consolidated variable interest entities.
+Added: Seven locations represent current and future RH locations, and are part of the RH Segment.
+Added: Two locations represent properties for the purpose of use by RH or others related to developing, operating and selling such real estate, and are part of the Real Estate segment.
+Added: Refer to Note 8— Variable Interest Entities in our consolidated financial statements within Part II of this Annual Report on Form 10-K.
32 | 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.