lululemon athletica inc
For the period ended Jan 28, 2024. Filed Mar 21, 2024.
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FY2024 · Filed Mar 21, 2024
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Item 2. Properties
Our principal executive and administrative offices are located at 1818 Cornwall Avenue, Vancouver, British Columbia, Canada, V6J 1C7.
The general location, use and approximate size of our principal owned properties as of January 28, 2024, are set forth below:
| Location | Use | Approximate Square Feet |
|---|---|---|
| Groveport, OH, United States | Distribution Center | 310,000 |
| Vancouver, BC, Canada | Executive and Administrative Offices | 140,000 |
We lease non-retail properties in a number of locations globally. The general location, use, approximate size and lease renewal date of our principal non-retail leased properties as of January 28, 2024, are set forth below:
| Location | Use | Approximate Square Feet | Lease Renewal Date |
|---|---|---|---|
| Delta, BC, Canada | Distribution Center | 375,000 | December 2037 |
| Milton, ON, Canada | Distribution Center | 255,000 | May 2031 |
| Mississauga, ON, Canada | Distribution Center | 250,000 | September 2033 |
| Ravenhall, VIC, Australia | Distribution Center | 250,000 | September 2033 |
| Delta, BC, Canada | Distribution Center | 155,000 | January 2031 |
| Sumner, WA, United States | Distribution Center | 150,000 | July 2025 |
| Vancouver, BC, Canada | Executive and Administrative Offices | 120,000 | October 2032 |
During 2021, we entered into a new lease for a U.S. distribution center in Ontario, California of approximately 1,255,000 square feet which expires in 2039. We expect this distribution center to be operational in early fiscal 2024.
During 2022, we entered into a new lease for a Canadian distribution center in Brampton, Ontario of approximately 980,000 square feet which expires in 2041. We expect this distribution center to be operational in fiscal 2026.
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