Savers Value Village Inc
For the period ended Dec 30, 2023. Filed Mar 8, 2024.
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FY2023 · Filed Mar 8, 2024
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Item 2. Properties
All of our stores are occupied under operating leases. As of December 30, 2023, our total consolidated selling square feet was 6.7 million. As of December 30, 2023, we operated 326 retail stores in the United States, Canada and Australia. For more information regarding our leases, see Note 2, Summary of Significant Accounting Policies and Note 9, Leases, of the Notes to Consolidated Financial Statements included in “Part II, Item 8. Financial Statements and Supplementary Data.”
As of December 30, 2023, we had 155 U.S. retail stores located in 29 states, as set forth below:
| Alaska | 4 | Maryland | 12 | Oregon | 1 |
|---|---|---|---|---|---|
| Arkansas | 1 | Minnesota | 10 | Pennsylvania | 3 |
| Arizona | 8 | Missouri | 4 | Rhode Island | 4 |
| California | 15 | North Dakota | 1 | South Dakota | 1 |
| Connecticut | 4 | New Hampshire | 4 | Texas | 3 |
| Hawaii | 2 | New Jersey | 3 | Utah | 8 |
| Idaho | 2 | New Mexico | 4 | Virginia | 5 |
| Illinois | 8 | Nevada | 6 | Washington | 14 |
| Kansas | 3 | New York | 7 | Wisconsin | 1 |
| Massachusetts | 14 | Ohio | 3 | ||
As of December 30, 2023, we operated 159 Canada retail stores located in 10 provinces, as set forth below:
| Alberta | 20 |
|---|---|
| British Columbia | 23 |
| Manitoba | 6 |
| New Brunswick | 3 |
| Newfoundland | 1 |
| Nova Scotia | 7 |
| Ontario | 74 |
| Prince Edward Island | 1 |
| Quebec | 19 |
| Saskatchewan | 5 |
As of December 30, 2023, we operated 12 retail stores in Australia, with 9 located in Victoria and 3 located in South Australia.
The following table presents certain information about the properties we lease, other than our stores, as of December 30, 2023:
| Location | Type of Facility | SquareFeet | LeaseExpiration | RenewalOptions |
|---|---|---|---|---|
| Bellevue, WA | Corporate Office | 14,031 | September 2028 | One 5-Year Option |
| Meridian, ID | Corporate Office | 12,312 | November 2025 | One 5-Year Option |
| Fife, WA | Distribution Center | 93,146 | April 2032 | — |
| Mississauga, ON | Distribution Center | 21,549 | May 2033 | One 5-Year Option |
| Toronto, ON | Distribution Center | 94,914 | March 2030 | Two 5-Year Options |
| Edmonton, AB | Centralized Processing Center | 46,348 | May 2036 | Two 5-Year Options |
| Vancouver, BC | Centralized Processing Center | 57,843 | July 2036 | Two 5-Year Options |
| Hyattsville, MD | Centralized Processing Center | 56,244 | October 2031 | One 5-Year Option |
| Huntington Beach, CA | Centralized Processing Center | 50,897 | November 2032 | One 5-Year Option |
| Calgary, AB | Centralized Processing Center | 48,082 | October 2038 | Two 5-Year Options |
| Brooklyn Park, MN | Centralized Processing Center | 52,685 | May 2033 | Two 5-Year Options |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.