Vera Bradley, Inc. 10-K

Item 2. Properties The following table sets forth the location, use, and size of our distribution, corporate facilities, and showrooms as of January 30, 2021. The leases on the leased properties expire at various times through 2030, subject to renewal options. Location Primary Use Approximate Square Footage Leased/Owned Roanoke, Indiana Vera Bradley corporate headquarters, design center, and showroom 188,000 Owned Roanoke, Indiana Vera Bradley warehouse and distribution 428,500 Owned New York, New York Vera Bradley office and showroom 3,700 Leased Hong Kong Vera Bradley Asia sourcing office 5,100 Leased Atlanta, Georgia Vera Bradley showroom 5,600 Leased Dallas, Texas Vera Bradley showroom 1,800 Leased La Jolla, California Pura Vida corporate headquarters 7,400 Leased As of January 30, 2021, we also leased 145 store locations in the United States, including one store location opened in fiscal 2022. See below for more information regarding the locations of our open stores as of January 30, 2021. We consider these properties to be in good condition generally and believe that our facilities are adequate for our operations and provide sufficient capacity to meet our anticipated requirements. The Vera Bradley properties in the above table are used by both the Vera Bradley Direct segment and Vera Bradley Indirect segment, excluding the two standalone showrooms which are used exclusively by the Vera Bradley Indirect segment. 30 Table of Contents Store Locations Our full-line stores are located primarily in high-traffic regional malls, lifestyle centers, and mixed-use shopping centers across the United States. The following table shows the number of full-line and factory outlet stores we operated in each state as of January 30, 2021: State Total Number of Full-Line Stores Total Number of Factory Outlet Stores State Total Number of Full-Line Stores Total Number of Factory Outlet Stores Alabama 1 1 Minnesota 1 1 Arizona 1 1 Mississippi — 2 California 1 — Missouri 1 2 Colorado 2 1 Nebraska — 1 Connecticut 2 1 Nevada — 1 Delaware 1 1 New Hampshire — 1 Florida 2 8 New Jersey 7 3 Georgia 1 3 New York 5 4 Hawaii 1 1 North Carolina — 6 Illinois 4 1 Ohio 4 1 Indiana 2 2 Oklahoma 2 1 Iowa 1 1 Pennsylvania 5 3 Kansas 1 — South Carolina — 3 Kentucky 1 1 Tennessee 3 2 Louisiana 1 1 Texas 12 7 Maryland 4 — Utah — 1 Massachusetts 1 1 Virginia 2 3 Michigan 5 2 Wisconsin 1 1 Totals 75 69 We lease all of our stores. Lease terms for our retail s tores are generally ten y ears with options to renew for varying terms. The leases generally provide for a fixed minimum rental plus contingent rent, which is determined as a percentage of sales in excess of specified levels.