Item 2. Properties
ITEM 2.
PROPERTIES
We lease our store locations, with the exception of our flagship store located in Fort Worth, Texas. The majority of our stores have initial lease terms of three to five years. The leases are generally renewable,
with increases in lease rental rates in some cases. We believe that all of our properties are adequately covered by insurance. We own the 22,000 square foot building that houses our flagship store. Further, we own our corporate headquarters,
which includes our central distribution center and manufacturing facility, sales, marketing, administrative, and executive offices. The facility consists of 191,000 square feet located on approximately 30 acres.
The following table summarizes the locations of our leased premises as of the date of this filing:
U.S. Locations
Alabama
1
Missouri
3
Alaska
1
Montana
1
Arizona
3
Nebraska
1
Arkansas
1
Nevada
2
California
10
New Mexico
2
Colorado
4
New York
1
Connecticut
1
New Jersey
1
Florida
5
North Carolina
2
Georgia
2
Ohio
3
Idaho
1
Oklahoma
2
Illinois
1
Oregon
2
Indiana
1
Pennsylvania
3
Iowa
1
South Carolina
1
Kansas
1
South Dakota
1
Kentucky
1
Tennessee
3
Louisiana
2
Texas
16
Maryland
1
Utah
4
Massachusetts
1
Washington
3
Michigan
2
Wisconsin
1
Minnesota
2
Wyoming
1
Canadian locations:
Alberta
3
Ontario
3
British Columbia
1
Saskatchewan
1
Manitoba
1
Nova Scotia
1
International locations:
Spain
1
As a result of the COVID-19 pandemic and resulting legal requirements in most of our markets, we temporarily closed all of our stores to
the public during March 2020. We have continued to manage through the pandemic during intermittent spikes in COVID-19 infections, continue to see varying levels of
infection rates, and have at times been forced to temporarily close or move certain stores to “curbside only” operations. As of the date of filing this Form 10-K, most of our stores have
reopened fully, and preventive measures are in place in most stores but are not believed to be materially impacting store sales. However, some stores have had to temporarily close due to COVID-19, especially with the rise of the Delta variant in
the third quarter of 2021, which has negatively impacted sales for those stores.
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Table of Contents
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.