CROWN CRAFTS INC
For the period ended Mar 30, 2025. Filed Jun 25, 2025.
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FY2025 · Filed Jun 25, 2025
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Item 2. Properties
Each of the Company’s facilities are rented under leases that expire on various dates through fiscal year 2029, including 157,400 square feet at a warehouse and distribution facility located in Compton, California under a lease that expires May 31, 2028, 128,074 square feet at a warehouse and distribution facility located in Eden Valley, Minnesota under a lease that expires June 30, 2026, 16,837 square feet at Manhattan’s headquarters facility located in Minneapolis, Minnesota under a lease that expires March 31, 2027 and 15,598 square feet at the Company’s headquarters facility located in Gonzales, Louisiana under a lease that expires January 31, 2026. In addition, several employees of the Company perform their respective job functions from remote locations for which no rent is paid. Management believes that its properties are suitable for the purposes for which they are used, are in generally good condition and provide adequate capacity for current and anticipated future operations. The table below sets forth certain information regarding the Company's principal real property as of the close of business on May 31, 2025.
| Location | Use | Approximate Square Feet | Owned/ Leased |
|---|---|---|---|
| Gonzales, Louisiana | Administrative and sales office | 15,598 | Leased |
| Compton, California | Offices, warehouse and distribution center | 157,400 | Leased |
| Minneapolis, Minnesota | Product design and sales office | 16,837 | Leased |
| Eden Valley, Minnesota | Warehouse and distribution center | 128,074 | Leased |
| Grand Rapids, Michigan | Product design office | 9,100 | Leased |
| Newark, New Jersey | Product design office | 2,048 | Leased |
| Shanghai, People’s Republic of China | Office | 1,912 | Leased |
| Shenzhen, People’s Republic of China | Office | 4,205 | Leased |
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