Designer Brands Inc.
For the period ended Feb 1, 2025. Filed Mar 24, 2025.
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FY2025 · Filed Mar 24, 2025
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Item 2. Properties
The following table summarizes the location and general use of our principal properties as of February 1, 2025 that we consider to be material to our business and that we believe will meet our operational needs for the foreseeable future:
| Facility | Location | Owned/Leased | Segment | Approximate Square Feet |
|---|---|---|---|---|
| Principal corporate office | Columbus, Ohio | Owned | Corporate and U.S. Retail | 178,000 |
| Distribution centers:(1) | ||||
| Midwest Logistics Center | Columbus, Ohio | Owned | U.S. Retail | 625,000 |
| East Coast Logistics Center | Westampton, New Jersey | Leased | U.S. Retail and Brand Portfolio | 683,000 |
| U.S. retail stores(2) | 494 various U.S. locations | Leased | U.S. Retail | 9,740,000 |
| Canada retail stores(3) | 175 various Canadian locations | Leased | Canada Retail | 1,284,000 |
| Primary foreign sourcing office | Dongguan, China | Leased | Brand Portfolio | 102,000 |
(1) During March 2025, we began operations in the new West Coast Logistics Center in Glendale, Arizona. The West Coast Logistics Center is operated by a third-party and includes dedicated leased space of approximately 276,000 square feet for the U.S. Retail segment.
(2) Our DSW U.S. stores average approximately 19,700 square feet. Most of the store leases are for a fixed term with options for extension periods, exercisable at our option.
(3) The Shoe Co., Rubino, and DSW stores in Canada average approximately 7,300 square feet. Most of the store leases are for a fixed term with options for extension periods, exercisable at our option.
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