Kontoor Brands Inc
For the period ended Dec 30, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
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Item 2. Properties
We conduct manufacturing, distribution and administrative activities in owned and leased facilities. We operate nine manufacturing-related facilities and six distribution centers around the world. To manage distribution in our APAC and EMEA regions, we partner with third-party logistics providers primarily in Shanghai, China and Prague, Czech Republic. Our global headquarters are located in Greensboro, North Carolina, and house our various sales, marketing and corporate business functions.
The following table presents our principal properties as of December 30, 2023:
| Location | Approximate Square Feet | Use | Owned or Leased |
|---|---|---|---|
| Greensboro, North Carolina | 140,000 | Global Headquarters | Owned |
| Greensboro, North Carolina | 47,000 | Office | Leased |
| Antwerp, Belgium | 11,000 | Office | Leased |
| Geneva, Switzerland | 19,000 | Office | Leased |
| Shanghai, China | 16,000 | Office | Leased |
| Mexico City, Mexico | 13,000 | Office | Leased |
| Dhaka, Bangladesh | 10,500 | Office and Technical Service Center | Leased |
| Hong Kong, China | 44,000 | Office and Sourcing Hub | Leased |
| Panama City, Panama | 5,000 | Office and Sourcing Hub | Leased |
| Foshan, China | 48,000 | Technical Service Center | Leased |
| Greensboro, North Carolina | 173,000 | Technical Service and Innovation Center | Owned |
| Mocksville, North Carolina | 503,000 | Distribution Center | Owned |
| Hackleburg, Alabama | 443,000 | Distribution Center | Owned |
| Seminole, Oklahoma | 394,000 | Distribution Center | Owned |
| El Paso, Texas | 385,000 | Distribution Center | Leased |
| Luray, Virginia | 435,000 | Distribution Center | Owned |
| Mexico City, Mexico | 162,000 | Distribution Center | Leased |
| Acanceh, Mexico | 306,000 | Manufacturing Facility | Owned |
| Torreon, Mexico | 304,000 | Manufacturing Facility | Owned |
| Izamal, Mexico | 93,000 | Manufacturing Facility | Owned |
| Tekax, Mexico | 92,000 | Manufacturing Facility | Owned |
| La Rosita, Mexico | 90,000 | Manufacturing Facility | Owned |
| San Pedro, Mexico | 88,000 | Manufacturing Facility | Owned |
| San Antonio del Coyote, Mexico | 88,000 | Manufacturing Facility | Owned |
| Managua, Nicaragua | 129,000 | Manufacturing Facility | Leased |
| San Marcos, Nicaragua | 145,000 | Manufacturing Facility | Leased |
As of December 30, 2023, we operated 80 retail stores across the Americas, EMEA and APAC regions. Retail stores are typically leased under operating leases and include renewal options.
We believe that all of our facilities, whether owned or leased, are well maintained and in good operating condition and expect they will accommodate our ongoing and foreseeable business needs.
Kontoor Brands, Inc. 2023 Form 10-K 23
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.