Ross 2014 Annual Report Download - page 21

Download and view the complete annual report

Please find page 21 of the 2014 Ross annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 80

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80

Where possible, we obtain sites in buildings requiring minimal alterations, allowing us to establish stores in new locations in
a relatively short period of time at reasonable costs in a given market. At January 31, 2015, the majority of our stores had
unexpired original lease terms ranging from three to ten years with three to four renewal options of five years each. The average
unexpired original lease term of our leased stores is five years or 21 years if renewal options are included. See Note E of Notes
to Consolidated Financial Statements.
See additional discussion under “Stores” in Item 1.
The following table summarizes the location and approximate sizes of our distribution centers, warehouses, and office locations
as of January 31, 2015. Square footage information for the distribution centers and warehouses represents total ground floor
area of the facility. Square footage information for office space represents total space owned and leased. See additional
discussion in Management’s Discussion and Analysis.
Location Approximate Square Footage Own / Lease
Distribution centers
Carlisle, Pennsylvania 425,000 Own
Fort Mill, South Carolina 1,200,000 Own
Moreno Valley, California 1,300,000 Own
Perris, California 1,300,000 Own
Rock Hill, South Carolina 1,200,000 Own
Shafter, California1 1,700,000 Own
Warehouses
Carlisle, Pennsylvania 239,000 Lease
Carlisle, Pennsylvania 246,000 Lease
Fort Mill, South Carolina 251,000 Lease
Fort Mill, South Carolina 423,000 Own
Fort Mill, South Carolina 428,000 Own
Perris, California 699,000 Own
Riverside, California 449,000 Own
Office space
Dublin, California 414,000 Own
Los Angeles, California 68,000 Lease
New York City, New York 572,000 Own
¹ We are currently in the process of completing the infrastructure build-out of this distribution center site with an estimated occupancy of 2015.
See additional discussion under “Distribution” in Item 1.
19