Pier 1 2015 Annual Report Download - page 20

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ITEM 2. PROPERTIES.
Item 2. Properties.
The Company leases its corporate headquarters, retail stores and the majority of its distribution and fulfillment centers. The
Company has an operating lease for its corporate headquarters located in Fort Worth, Texas, which included approximately
363,000 square feet of office space as of February 28, 2015. The following table sets forth the Company’s U.S. and Canadian
stores by state and province as of February 28, 2015:
United States
Alabama 13 Louisiana 15 Ohio 28
Alaska 2 Maine 2 Oklahoma 7
Arizona 24 Maryland 22 Oregon 14
Arkansas 8 Massachusetts 21 Pennsylvania 38
California 114 Michigan 33 Rhode Island 3
Colorado 15 Minnesota 18 South Carolina 15
Connecticut 19 Mississippi 6 South Dakota 2
Delaware 4 Missouri 19 Tennessee 17
Florida 73 Montana 6 Texas 78
Georgia 27 Nebraska 4 Utah 8
Hawaii 7 Nevada 8 Vermont 1
Idaho 6 New Hampshire 6 Virginia 34
Illinois 40 New Jersey 35 Washington 28
Indiana 17 New Mexico 5 West Virginia 5
Iowa 9 New York 50 Wisconsin 20
Kansas 8 North Carolina 35 Wyoming 1
Kentucky 11 North Dakota 3
Canada
Alberta 12 New Brunswick 2 Ontario 34
British Columbia 13 Newfoundland 1 Quebec 13
Manitoba 2 Nova Scotia 2 Saskatchewan 2
The Company currently owns or leases distribution and fulfillment center space of approximately 4.9 million square feet. The
Company also acquires temporary distribution center space from time to time through short-term leases. As of February 28,
2015, the Company owned or leased under operating leases the following properties, which include distribution and/or fulfillment
centers in or near the following cities:
Location Approx. Sq. Ft. Owned/Leased
Facility
Baltimore, Maryland 983,000 sq. ft. Leased
Columbus, Ohio 1,182,000 sq. ft. Leased
Fort Worth, Texas 460,000 sq. ft. Owned
Fort Worth, Texas 310,000 sq. ft. Leased
Ontario, California 747,000 sq. ft. Leased
Savannah, Georgia 784,000 sq. ft. Leased
Tacoma, Washington 451,000 sq. ft. Leased
Subsequent to February 28, 2015, the Company leased additional distribution center space in Baltimore, Maryland and Ontario,
California.
14 PIER 1 IMPORTS, INC. 2015 Form 10-K