OfficeMax 2010 Annual Report Download - page 29

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ITEM 2. PROPERTIES
The majority of OfficeMax facilities are rented under operating leases. (For more information about our
operating leases, see Note 8, “Leases,” of the Notes to Consolidated Financial Statements in “Item 8. Financial
Statements and Supplementary Data” of this Form 10-K.) Our properties are in good operating condition and are
suitable and adequate for the operations for which they are used. We constantly evaluate the real estate market to
determine the best locations for new stores. We analyze our existing stores and markets on a case by case basis.
We conduct regular reviews of our real estate portfolio to identify underperforming facilities, and close those
facilities that are no longer strategically or economically viable. In 2011, we expect to have less than ten new
store openings in the U.S. and Mexico and 10-20 store closings in the U.S.
Our facilities by segment are presented in the following table.
Contract
As of the end of the year, Contract operated 44 distribution centers in 21 states, Puerto Rico, Canada,
Australia and New Zealand. The following table sets forth the locations of these facilities.
Arizona .................... 1 Maryland ................. 1 Tennessee ................ 1
California .................. 2 Massachusetts ............. 1 Texas .................... 2
Colorado ................... 1 Michigan ................. 1 Utah ..................... 1
Florida ..................... 1 Minnesota ................ 1 Washington ............... 1
Georgia .................... 1 NewJersey ............... 1 Puerto Rico ............... 1
Hawaii ..................... 1 North Carolina ............ 1 Canada ................... 7
Illinois ..................... 1 Ohio ..................... 1 Australia ................. 10
Kansas ..................... 1 Pennsylvania .............. 1 NewZealand .............. 3
Maine ..................... 1
Contract also operated 53 office products stores in Hawaii (2), Canada (30), Australia (3) and New Zealand
(18) and four customer service and outbound telesales centers in Illinois (2), Oklahoma and Virginia.
Retail
As of the end of the year, Retail operated 997 stores in 47 states, Puerto Rico, the U.S. Virgin Islands and
Mexico. The following table sets forth the locations of these facilities.
Alabama ................... 11 Maine ................... 1 Oregon .................. 12
Alaska .................... 3 Maryland ................ 1 Pennsylvania ............. 28
Arizona ................... 44 Massachusetts ............ 10 Rhode Island ............. 1
Arkansas .................. 2 Michigan ................ 41 South Carolina ............ 6
California .................. 76 Minnesota ............... 41 South Dakota ............. 4
Colorado .................. 29 Mississippi ............... 5 Tennessee ................ 18
Connecticut ................ 3 Missouri ................. 29 Texas ................... 74
Florida .................... 61 Montana ................. 3 Utah .................... 14
Georgia ................... 31 Nebraska ................ 10 Virginia ................. 26
Hawaii .................... 8 Nevada .................. 14 Washington .............. 22
Idaho ..................... 6 NewJersey ............... 4 West Virginia ............. 2
Illinois .................... 60 NewMexico .............. 9 Wisconsin ............... 35
Indiana .................... 14 NewYork ................ 31 Wyoming ................ 2
Iowa ...................... 9 North Carolina ............ 27 Puerto Rico .............. 13
Kansas .................... 11 North Dakota ............. 3 U.S. Virgin Islands ........ 2
Kentucky .................. 6 Ohio .................... 53 Mexico(a) ................ 79
Louisiana .................. 2 Oklahoma ................ 1
(a) Locations operated by our 51%-owned joint venture in Mexico, Grupo OfficeMax.
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