Rue 21 2012 Annual Report Download - page 25

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Our 378,000 square foot distribution facility is located in Weirton, West Virginia. Our distribution facility is
leased under a lease agreement expiring in 2026, with an option to renew for two additional five-year terms.
As of February 2, 2013, we operated 877 stores in 824 cities in 47 states. All of our stores are leased from third
parties and the leases typically have terms of five to ten years with options to renew for additional five-year periods
thereafter. Most of our leases have early cancellation clauses, which permit the lease to be terminated by us or the
landlord if certain sales levels are not met in specific periods or if a shopping center does not meet specified
occupancy standards. In addition to future minimum lease payments, most of our store leases provide for additional
rental payments based on a percentage of net sales if sales at the respective stores exceed specified levels, as well as
the payment of common area maintenance charges, real property insurance and real estate taxes. Many of our lease
agreements have defined escalating rent provisions over the initial term and any extensions.
We believe that our facilities are generally adequate for current and anticipated future use.
Item 3. Legal Proceedings.
For a description of the Company’s legal proceedings, see Note 9 to the audited financial statements which are
incorporated herein by reference.
Item 4. Mine Safety Disclosures
Not Applicable.
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