Big Lots 2013 Annual Report Download - page 156
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14
The following table summarizes the number of store lease expirations, by segment, in each of the next five fiscal years and the
total thereafter. In addition, as stated above, many of our store leases have renewal options. The table also includes the number
of leases, within our U.S. segment, that are scheduled to expire each year that do not have a renewal option. The information
includes stores with more than one lease and leases for stores not yet open. It excludes 17 month-to-month leases and 55
owned locations.
Fiscal Year: Expiring Leases Leases Without Options
U.S. Canada Total U.S.
2014 285 10 295 54
2015 248 9 257
42
2016 274 12 286 48
2017 197 22 219
33
2018 247 3 250 46
Thereafter 190 21 211
17
Warehouse and Distribution
At February 1, 2014, we owned or leased approximately 9.5 million square feet of distribution center and warehouse space. We
own and operate five regional distribution centers strategically located across the United States in Ohio, California, Alabama,
Oklahoma, and Pennsylvania. In Canada, at February 1, 2014, we leased two regional distribution centers located in British
Columbia and one located in Ontario, all of which we closed during the fourth quarter of 2013 as part of the Canadian Wind
Down. The regional distribution centers in our U.S. segment utilize warehouse management technology, which we believe
enables high accuracy and efficient processing of merchandise from vendors to our retail stores. The combined output of our
regional distribution centers in our U.S. segment was approximately 2.7 million cartons per week in 2013. Certain vendors
deliver merchandise directly to our stores when it supports our operational goal to deliver merchandise from our vendors to the
sales floor in the most efficient manner.
The number of owned and leased distribution centers and warehouse space and the corresponding square footage of the
facilities by state and province at February 1, 2014, were as follows:
Square Foota
g
e
State / Province Owned Leased Total Owned Leased Total
(Square footage in thousands)
U.S. segment:
Ohio 1 — 1 3,559 — 3,559
California 1 — 1 1,423 — 1,423
Alabama 1 — 1 1,411 — 1,411
Oklahoma 1 — 1 1,297 — 1,297
Pennsylvania 1 — 1 1,295 — 1,295
Sub-total 5 — 5 8,985 — 8,985
Canadian segment:
British Columbia — 2 2 — 229 229
Ontario — 1 1 — 261 261
Sub-total — 3 3 — 490 490
Total 5 3 8 8,985 490 9,475