WILLIAMS SONOMA INC
For the period ended Jan 28, 2024. Filed Mar 20, 2024.
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FY2024 · Filed Mar 20, 2024
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Item 2. Properties
We lease store locations, distribution and manufacturing facilities, corporate facilities and customer care centers for our U.S. and foreign operations for original terms generally ranging from 5 to 22 years. Certain leases contain renewal options for periods of up to 20 years.
For our store locations, our gross leased store space as of January 28, 2024 totaled approximately 5,890,000 square feet for 518 stores compared to approximately 5,962,000 square feet for 530 stores as of January 29, 2023.
Leased Properties
The following table summarizes the location and size of our leased facilities occupied by us as of January 28, 2024:
| Location | Occupied Square Footage (Approximate) |
|---|---|
| Distribution and Manufacturing Facilities | |
| U.S. Operations | |
| New Jersey | 3,269,000 |
| California | 3,150,000 |
| Mississippi | 2,271,000 |
| Georgia | 1,537,000 |
| Arizona | 1,200,000 |
| Texas | 1,056,000 |
| Tennessee | 603,000 |
| Florida | 515,000 |
| North Carolina | 412,000 |
| Ohio | 265,000 |
| Massachusetts | 140,000 |
| Oregon | 93,000 |
| Colorado | 80,000 |
| Foreign Operations | |
| Australia | 187,000 |
| Corporate Facilities | |
| New York | 238,000 |
| California | 124,000 |
| Oregon | 63,000 |
| Customer Care Centers | |
| Nevada | 36,000 |
| Other | 24,000 |
In addition to the above leased properties, we enter into agreements for other offsite storage needs for our distribution facilities and our retail store locations, as necessary. As of January 28, 2024, the total leased space related to these properties was not material to us and is not included in the occupied square footage reported above.
Owned Properties
As of January 28, 2024, we owned 471,000 square feet of space, primarily in California, for our corporate headquarters and certain data center operations.
We believe that all of our facilities are adequate for our current needs and that suitable additional or substitute space will be available in the future to replace our existing facilities, or to accommodate the expansion of our operations, if necessary.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.