3 unchanged sentences
Certain leases also contain escalation clauses for increases in minimum rentals, operating costs and taxes.
−Removed: Our traditional Shoe Carnival store prototype typically utilizes between 8,000 and 12,000 square feet of leased space and our Shoe Station store prototype utilizes between 12,000 to 20,000 square feet of leased space.
+Added: Our stores utilize between 8,000 and 20,000 square feet of leased space.
The sales area comprises substantially all (greater than 80%) of our typical gross store footprint.
4 unchanged sentences
Stores acquired
−Removed: Store closings
+Added: Permanently closed
Stores open at the end of the year
Stores relocated
−Removed: Over the last several years, we performed a store improvement plan.
−Removed: As part of that plan, which was completed in Fiscal 2021, we identified underperforming stores and worked to address these stores' performance through renegotiation of lease terms, relocation, or closure.
−Removed: While we continue to actively monitor the store portfolio, we do not expect any further significant closures over the next several years.
+Added: Stores rebannered
+Added: We performed a store improvement plan that was completed in Fiscal 2021.
+Added: As part of that plan, we identified underperforming stores and worked to address these stores' performance through renegotiation of lease terms, relocation, or closure.
+Added: While we continue to actively monitor our store portfolio, we do not expect any further significant closures over the next several years.
The following table identifies the number of our stores in each state and Puerto Rico as of our Fiscal 2024 year end:
9 unchanged sentences
We lease the facility from a third party.
−Removed: The lease expires in 2034.
+Added: The initial lease term expires in 2034 and contains renewal options.
Corporate Headquarters
6 unchanged sentences
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.