GameStop 2009 Annual Report Download - page 36

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Item 2. Properties
All of our stores are leased. Store leases typically provide for an initial lease term of three to ten years, plus
renewal options. This arrangement gives us the flexibility to pursue extension or relocation opportunities that arise
from changing market conditions. We believe that, as current leases expire, we will be able to obtain either renewals
at present locations or leases for equivalent locations in the same area.
The terms of the store leases for the 6,450 leased stores open as of January 30, 2010 expire as follows:
Lease Terms to Expire During
Number
of Stores
(12 Months Ending on or About January 31)
Expired and in negotiations ................................................ 24
2011................................................................. 1,156
2012................................................................. 984
2013................................................................. 1,098
2014................................................................. 1,549
2015 and later.......................................................... 1,639
6,450
At January 30, 2010, the Company owned or leased office and distribution facilities, with lease expiration
dates ranging from 2010 to 2019 and an average remaining lease life of approximately four years, in the following
locations:
Location
Square
Footage
Owned or
Leased Use
United States
Grapevine, Texas, USA................ 510,000 Owned Distribution and administration
Grapevine, Texas, USA................ 65,000 Owned Manufacturing and distribution
Louisville, Kentucky, USA ............. 260,000 Leased Distribution
Minneapolis, Minnesota, USA .......... 11,700 Leased Administration
West Chester, Pennsylvania, USA ........ 6,100 Leased Administration
Canada
Brampton, Ontario, Canada............. 119,000 Owned Distribution and administration
Brampton, Ontario, Canada............. 59,000 Leased Distribution and administration
Australia
Pinkenba, Queensland, Australia ......... 70,000 Owned Distribution
Auckland, New Zealand ............... 13,000 Leased Distribution
Europe
Arlov, Sweden ...................... 80,000 Owned Distribution and administration
Milan, Italy ........................ 120,000 Owned Distribution and administration
Memmingen, Germany ................ 67,000 Owned Distribution and administration
Valencia, Spain ..................... 22,000 Leased Distribution
Valencia, Spain ..................... 15,000 Leased Administration
Dublin, Ireland ...................... 15,000 Leased Distribution and administration
Paris, France ....................... 54,000 Leased Distribution
Sophia Antipolis, France............... 16,300 Leased Administration
21