Pottery Barn 2004 Annual Report Download - page 13

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AVAILABLE INFORMATION
We file annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, proxy and
information statements and amendments to reports filed or furnished pursuant to Sections 13(a), 14 and 15(d) of
the Securities Exchange Act of 1934, as amended. The public may read and copy these materials at the SEC’s
Public Reference Room at 450 Fifth Street, N.W., Washington, D.C. 20549. The public may obtain information
on the operation of the public reference room by calling the SEC at 1-800-SEC-0330. The SEC also maintains a
website at www.sec.gov that contains reports, proxy and information statements and other information regarding
Williams-Sonoma, Inc. and other companies that file materials with the SEC electronically. You may also obtain
copies of our annual reports, Forms 10-K, Forms 10-Q and Forms 8-K, free of charge, on our website at
www.williams-sonomainc.com.
ITEM 2. PROPERTIES
Our gross leased store space, as of January 30, 2005, totaled approximately 4,637,000 square feet for 552 stores
compared to approximately 4,163,000 square feet for 512 stores, as of February 1, 2004. All of the existing stores
are leased by us with original terms ranging generally from 5 to 22 years. Certain leases contain renewal options
for periods of up to 20 years. The rental payment requirements in our store leases are typically structured as
either minimum rent, minimum rent plus additional rent based on a percentage of store sales if a specified store
sales threshold is exceeded, or rent based on a percentage of store sales if a specified store sales threshold or
contractual obligations of the landlord have not been met. See Notes A and E to our Consolidated Financial
Statements for more information.
We lease distribution facility space in the following locations:
Location Square Footage (Approximate)
Olive Branch, Mississippi 2,885,000 square feet
Memphis, Tennessee 1,523,000 square feet
Cranbury, New Jersey 781,000 square feet
One of our Olive Branch, Mississippi distribution center agreements contains an option to lease an additional
333,000 square feet of distribution space. As of January 30, 2005, we had not exercised our rights under this
option, however, we expect to exercise this option during fiscal 2005.
Two of our distribution facilities in Memphis, Tennessee are leased from two partnerships whose partners
include a Director and a Director Emeritus, both of whom are significant shareholders. Both partnerships were
consolidated by us as of February 1, 2004. See Note F to our Consolidated Financial Statements for more
information.
On August 18, 2004, we entered into an agreement to lease a 500,000 square foot distribution facility located in
Memphis, Tennessee.
Our Cranbury, New Jersey distribution center agreement requires us to lease an additional 219,000 square feet of
the facility in the event the current tenant vacates the premises.
In addition, we contract with a third party who provides furniture delivery and storage services in a 662,000
square foot distribution facility in Ontario, California. This distribution square footage is not included in the table
above.
We lease call center space in the following locations:
Location Square Footage (Approximate)
Las Vegas, Nevada 36,000 square feet
Oklahoma City, Oklahoma 36,000 square feet
Camp Hill, Pennsylvania 38,000 square feet
6