O'Reilly Auto Parts 2011 Annual Report Download - page 18

8
Store Network
Store Locations and Size:
As a result of our dual market strategy, we are able to profitably operate in both large, densely populated markets and small, less
densely populated areas that would not otherwise support a national chain selling primarily to the retail automotive aftermarket. Our
stores, on average, carry approximately 21,000 SKUs and average approximately 7,100 total square feet in size. At December 31,
2011, we had a total of approximately 27 million square feet in our 3,740 stores. Our stores are served primarily by the nearest DC,
which averages 123,000 SKUs, but also have same-day access to the broad selection of inventory available at one of our 192 Hub
stores, which, on average, carry approximately 39,000 SKUs and average approximately 10,000 square feet in size.
We believe that our stores are ''destination stores'' generating their own traffic rather than relying on traffic created by the presence of
other stores in the immediate vicinity. Consequently, most of our stores are freestanding buildings and prominent end caps situated on
or near major traffic thoroughfares, and offer ample parking, easy customer access and are generally located in close proximity to our
professional service provider customers.
The following table sets forth the geographic distribution and activity of our stores as of December 31, 2011 and 2010:
State
Store
Count
% of Total
Store Count
Store
Change
% of Total
Store Change
Store
Count
% of Total
Store Count
Cumulative
% of Total
Store Count
Texas 545 15.3% 18 10.6% 563 15.1% 15.1%
California 473 13.2% 1 0.6% 474 12.7% 27.7%
Missouri 180 5.0% 1 0.6% 181 4.8% 32.6%
Georgia 152 4.3% 9 5.3% 161 4.3% 36.9%
Washington 139 3.9% 2 1.2% 141 3.8% 40.6%
Illinois 128 3.6% 13 7.6% 141 3.8% 44.4%
Tennessee 135 3.8% 3 1.8% 138 3.7% 48.1%
Arizona 129 3.6% (1) -0.6% 128 3.4% 51.5%
North Carolina 97 2.7% 23 13.5% 120 3.2% 54.7%
Oklahoma 110 3.1% 2 1.2% 112 3.0% 57.7%
Alabama 108 3.0% 4 2.4% 112 3.0% 60.7%
Minnesota 104 2.9% 2 1.2% 106 2.8% 63.6%
Ohio 79 2.2% 22 12.9% 101 2.7% 66.3%
Arkansas 97 2.7% 2 1.2% 99 2.6% 68.9%
Michigan 76 2.1% 18 10.6% 94 2.5% 71.4%
Indiana 83 2.3% 6 3.5% 89 2.4% 73.8%
Louisiana 84 2.4% 3 1.8% 87 2.3% 76.1%
Colorado 87 2.4% (3) -1.8% 84 2.2% 78.4%
Wisconsin 67 1.9% 11 6.5% 78 2.1% 80.5%
Mississippi 71 2.0% - 0.0% 71 1.9% 82.4%
Kansas 66 1.8% 5 2.9% 71 1.9% 84.3%
Iowa 66 1.8% - 0.0% 66 1.8% 86.0%
Kentucky 57 1.6% 5 2.9% 62 1.7% 87.7%
South Carolina 58 1.6% 3 1.8% 61 1.6% 89.3%
Utah 54 1.5% 1 0.6% 55 1.5% 90.8%
Florida 42 1.2% 4 2.4% 46 1.2% 92.0%
Nevada 45 1.3% (1) -0.6% 44 1.2% 93.2%
Oregon 42 1.2% 2 1.2% 44 1.2% 94.4%
New Mexico 37 1.0% 2 1.2% 39 1.0% 95.4%
Idaho 31 0.9% (1) -0.6% 30 0.8% 96.2%
Nebraska 29 0.8% 1 0.6% 30 0.8% 97.0%
Virginia 14 0.4% 11 6.5% 25 0.7% 97.7%
Montana 23 0.6% - 0.0% 23 0.6% 98.3%
Wyoming 16 0.4% - 0.0% 16 0.4% 98.7%
North Dakota 13 0.4% - 0.0% 13 0.3% 99.1%
Alaska 11 0.3% 1 0.6% 12 0.3% 99.4%
Hawaii 11 0.3% - 0.0% 11 0.3% 99.7%
South Dakota 11 0.3% - 0.0% 11 0.3% 100.0%
West Virginia - 0.0% 1 0.6% 1 0.0% 100.0%
Total 3,570 100.0% 170 100.0% 3,740 100.0%
December 31, 2010
2011 Net, New Stores
December 31, 2011
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FORM 10-K