Sears 2006 Annual Report Download - page 12

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Kmart Sears Domestic Sears Canada
Discount
Stores
Super
Centers
Full-line
Mall Stores
Sears
Essentials/
Grands
Specialty
Stores
Full-line
Stores
Specialty
Stores Total
Owned .................... 139 34 518 20 55 17 2 785
Leased .................... 1,194 21 343 54 224 106 90 2,032
Independently-owned and
operated stores ............ — — — — 816 — 158 974
Stores as of February 3,
2007 .................... 1,333 55 861 74 1,095 123 250 3,791
In addition, as of February 3, 2007, the Company had 43 domestic supply chain distribution centers, of
which 15 are owned and 28 are leased for terms ranging from one to 15 years. Of the total, 15 primarily support
Kmart locations and the remaining 28 primarily support Sears stores. In addition, the Company had 614 domestic
store warehouses, customer call centers and service facilities, most of which are leased for terms ranging
generally from one to 10 years or are part of other facilities included in the above table.
The Company’s principal executive offices are located on a 200-acre site owned by the Company at the
Prairie Stone office park in Hoffman Estates, Illinois. The complex consists of six interconnected office buildings
totaling approximately two million gross square feet of office space.
In December 2005, the Company sold the former Kmart headquarters building in Troy, Michigan. The
Company still owns an 86,000 square foot office building in Troy, Michigan.
As of February 3, 2007, Sears Canada operated a total of 123 full-line stores, 250 specialty stores
(48 furniture and appliance stores, 158 dealer stores operated under independent local ownership, 5 appliances
and mattresses stores, 28 Corbeil stores and 11 outlet stores), 50 floor covering stores, approximately
1,900 catalog pick-up locations and 100 travel offices.
A description of the Company’s leasing arrangements appears in Note 16 of Notes to Consolidated Financial
Statements.
Item 3. Legal Proceedings
See Part II, Item 8, “Financial Statements and Supplementary Data”—“Notes to Consolidated Financial
Statements”, Note 13—“Bankruptcy Claims Resolution and Settlements, and Note 20—“Legal Proceedings”, for
information regarding legal proceedings, which information is incorporated herein by this reference.
Item 4. Submission of Matters to a Vote of Security Holders
None.
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