Vera Bradley, Inc.
For the period ended Feb 1, 2025. Filed Mar 28, 2025.
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FY2025 · Filed Mar 28, 2025
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Item 2. Properties
The following table sets forth the location, use, and size of our distribution, corporate facilities, and showrooms as of February 1, 2025. The leases on the leased properties expire at various times through 2035, subject to renewal options.
| Location | Primary Use | Approximate Square Footage | Leased/Owned |
|---|---|---|---|
| Roanoke, Indiana | Vera Bradley corporate headquarters, design center, and showroom | 188,000 | Owned |
| Roanoke, Indiana | Vera Bradley warehouse and distribution | 428,500 | Owned |
| New York, New York | Vera Bradley office and showroom | 3,700 | Leased |
| Hong Kong | Vera Bradley Asia sourcing office | 5,100 | Leased |
| Atlanta, Georgia | Vera Bradley showroom | 5,600 | Leased |
| Dallas, Texas | Vera Bradley showroom | 1,800 | Leased |
| La Jolla, California | Pura Vida corporate headquarters | 7,400 | Leased |
As of February 1, 2025, we also leased 127 Vera Bradley store locations, including a former location, and seven Pura Vida store locations in the United States. See below for more information regarding the locations of our open stores as of February 1, 2025.
We consider these properties to be in good condition generally and believe that our facilities are adequate for our operations and provide sufficient capacity to meet our anticipated requirements. The Vera Bradley properties in the above table are used by both the Vera Bradley Direct segment and Vera Bradley Indirect segment, excluding the two standalone showrooms which are used exclusively by the Vera Bradley Indirect segment. The Pura Vida headquarters is used by the Pura Vida segment.
Store Locations
Vera Bradley. Our Vera Bradley full-line stores are located primarily in high-traffic regional malls, lifestyle centers, and mixed-use shopping centers across the United States. The following table shows the number of Vera Bradley full-line and outlet stores we operated in each state as of February 1, 2025:
| State | Total Number ofVera Bradley Full-Line Stores | Total Number ofVera Bradley Outlet Stores | State | Total Number ofVera Bradley Full-Line Stores | Total Number ofVera Bradley Outlet Stores |
|---|---|---|---|---|---|
| Alabama | 1 | 1 | Minnesota | 1 | 1 |
| Arizona | 0 | 1 | Mississippi | 0 | 2 |
| Colorado | 1 | 1 | Missouri | 0 | 2 |
| Connecticut | 1 | 1 | Nebraska | 0 | 1 |
| Delaware | 1 | 1 | Nevada | 0 | 1 |
| Florida | 2 | 8 | New Hampshire | 0 | 2 |
| Georgia | 1 | 4 | New Jersey | 2 | 3 |
| Hawaii | 1 | 1 | New York | 3 | 5 |
| Illinois | 3 | 2 | North Carolina | 0 | 6 |
| Indiana | 2 | 2 | Ohio | 1 | 3 |
| Iowa | 1 | 1 | Oklahoma | 0 | 2 |
| Kansas | 1 | 1 | Pennsylvania | 3 | 6 |
| Kentucky | 1 | 1 | South Carolina | 0 | 4 |
| Louisiana | 1 | 1 | Tennessee | 1 | 3 |
| Maryland | 1 | 2 | Texas | 4 | 10 |
| Massachusetts | 1 | 1 | Virginia | 1 | 3 |
| Michigan | 3 | 2 | Wisconsin | 1 | 2 |
| Totals | 39 | 87 | |||
Pura Vida. As of February 1, 2025, Pura Vida had seven retail store locations. Of the seven locations, three are in California, two are in Florida, one is in South Carolina, and one is in Arizona.
We lease all of our stores. Lease terms for our retail stores are generally ten years with options to renew for varying terms. The leases generally provide for a fixed minimum rental plus contingent rent, which is determined as a percentage of sales in excess of specified levels.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.