GENESCO INC
For the period ended Feb 1, 2025. Filed Mar 26, 2025.
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FY2025 · Filed Mar 26, 2025
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Item 2. Properties
At February 1, 2025, we operated 1,278 retail footwear, apparel and accessory stores throughout the United States, Puerto Rico, Canada, the U.K. and the ROI. New shopping center store leases in the United States, Puerto Rico and Canada typically have initial terms of approximately 10 years. New store leases in the U.K. and the ROI typically have initial terms of between 10 and 15 years. We have leases with fixed base rental payments, rental payments based on a percentage of retail sales over contractual amounts and others with predetermined fixed escalations of the minimum rental payments based on a defined consumer price index or percentage.
The general location, use and approximate size of our principal properties are set forth below:
| Location | Owned/Leased | Segment | Use | ApproximateAreaSquareFeet |
|---|---|---|---|---|
| Lebanon, TN | Owned | Journeys Group | Distribution warehouse and administrative offices | 563,000 |
| Bathgate, Scotland | Owned | Schuh Group | Distribution warehouse | 244,644 |
| Chapel Hill, TN | Owned | Genesco Brands Group | Distribution warehouse | 182,000 |
| Fayetteville, TN | Owned | Johnston & Murphy Group | Distribution warehouse | 178,500 |
| Fayetteville, TN | Leased | Johnston & Murphy Group | Distribution warehouse | 91,580 |
| Deans Industrial Estate, Livingston, Scotland | Owned | Schuh Group | Distribution warehouse and administrative offices | 106,813 |
| Northwest Business Park, Ballycoolin, Dublin | Leased | Schuh Group | Distribution warehouse and administrative offices | 49,460 |
| Nashville, TN | Leased | Various | Corporate headquarters | 182,078 |
We believe that all leases of properties that are material to our operations may be renewed, or that alternative properties are available, on terms not materially less favorable to us than existing leases.
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