Dillard's 2009 Annual Report Download - page 12

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ITEM 2. PROPERTIES.
All of our stores are owned by us or leased from third parties. At January 30, 2010, we operated
309 stores in 29 states totaling approximately 53.4 million square feet of which we owned approximately
46.4 million square feet. Our third-party store leases typically provide for rental payments based on a
percentage of net sales with a guaranteed minimum annual rent. In general, the Company pays the cost
of insurance, maintenance and real estate taxes related to the leases.
The following table summarizes by state of operation the number of retail stores we operate and
the corresponding owned and leased footprint at January 30, 2010:
Partially
Owned Owned
Building and
Number Owned Leased on Leased Partially
Location of stores Stores Stores Land Leased
Alabama ...................... 11 10 — — 1
Arkansas ...................... 8 7 — — 1
Arizona ....................... 16 15 — 1 —
California ..................... 3 3 — — —
Colorado ...................... 10 9 1 — —
Florida ....................... 44 40 — 4 —
Georgia ....................... 12 7 3 2 —
Iowa ......................... 5 5 — — —
Idaho ........................ 2 1 1 — —
Illinois ........................ 3 2 — 1 —
Indiana ....................... 3 3 — — —
Kansas ........................ 7 3 2 2 —
Kentucky ...................... 6 5 1 — —
Louisiana ...................... 14 12 1 — 1
Missouri ...................... 10 7 1 2 —
Mississippi ..................... 6 4 1 1 —
Montana ...................... 3 2 1 — —
North Carolina .................. 15 13 1 1 —
Nebraska ...................... 3 2 1 — —
New Mexico .................... 6 3 3 — —
Nevada ....................... 4 4 — — —
Ohio ......................... 15 10 5 — —
Oklahoma ..................... 11 7 4 — —
South Carolina .................. 8 8 — — —
Tennessee ..................... 10 7 1 — 2
Texas ......................... 59 42 11 1 5
Utah ......................... 6 4 2 — —
Virginia ....................... 8 5 2 1 —
Wyoming ...................... 1 1 — — —
Total ......................... 309 241 42 16 10
8