filings.toolsItem 2. Properties.
3K characters. Original on sec.gov · Markdown
Item 2. Properties.
We lease space for our retail stores, showrooms, warehouses, and offices in various domestic and international locations. We do not own any real property except for our distribution facility and an adjacent parcel of land in Greensboro, North Carolina; our retail e-commerce call center and distribution facility in High Point, North Carolina; and our retail stores in Southampton and Easthampton, New York, and Nantucket, Massachusetts.
We believe that our existing facilities are well maintained, in good operating condition, and are adequate for our present level of operations.
The following table sets forth information relating to our key properties as of April 2, 2016:
| Location | Use | Approximate Square Feet | ||
| Greensboro, NC | Wholesale and retail distribution facility | 1,500,000 | ||
| NC Highway 66, High Point, NC | Wholesale and retail distribution facility | 847,000 | ||
| N. Pendleton Street, High Point, NC | Retail e-commerce call center and distribution facility | 805,000 | ||
| 625 Madison Avenue, NYC | Corporate offices and showrooms | 412,000 | ||
| Eagle Hill Drive, High Point, NC | Wholesale distribution facility | 343,000 | ||
| 650 Madison Avenue, NYC | Executive and corporate offices, design studio, and showrooms | 270,000 | ||
| Lyndhurst, NJ | Corporate and retail administrative offices | 178,000 | ||
| Geneva, Switzerland | European corporate offices | 107,000 | ||
| 7th Avenue, NYC | Corporate offices, design studio, and Women's showrooms | 104,000 | ||
| Gateway Office, Hong Kong | Asia corporate offices | 56,000 | ||
| Manhattan Place, Hong Kong | Asia sourcing offices | 46,000 | ||
| 5th Avenue, NYC | Retail flagship store | 39,000 | ||
| 888 Madison Avenue, NYC | Retail flagship store | 37,900 | ||
| N. Michigan Avenue, Chicago | Retail flagship store | 37,500 | ||
| London, UK | Retail flagship store | 31,500 | ||
| 867 Madison Avenue, NYC | Retail flagship store | 27,700 | ||
| Paris, France | Retail flagship store | 25,700 | ||
| Tokyo, Japan | Retail flagship store | 25,000 | ||
| Lee Gardens, Hong Kong | Retail flagship store | 20,200 | ||
| N. Rodeo Drive, Beverly Hills | Retail flagship store | 19,400 |
| 31 |
As of April 2, 2016, we directly operated 493 retail stores, totaling approximately 3.8 million square feet. We anticipate that we will be able to extend our retail store leases, as well as those leases for our non-retail facilities, which expire in the near future on satisfactory terms or relocate to desirable alternate locations. We generally lease our freestanding retail stores for initial periods ranging from 5 to 15 years, with renewal options. See Item 1A — "Risk Factors — Our business is subject to risks associated with leasing real estate and other assets under long-term, non-cancellable leases."
Previous: Item 1B. Unresolved Staff Comments. · Next: Item 3. Legal Proceedings.