Savers Value Village Inc
For the period ended Dec 28, 2024. Filed Feb 21, 2025.
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FY2024 · Filed Feb 21, 2025
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Item 2. Properties
All properties, including retail stores, offsite processing facilities, wholesale warehouses, logistics warehouses and corporate offices, are occupied under operating leases. In addition to retail stores, at December 28, 2024, the Company had:
Offsite processing facilities supplying more than one location comprised of six Centralized Processing Centers, three of which serve U.S. Retail (one of which is not yet in full operation) and three of which serve Canada Retail, and eight warehouses, two of which serve U.S. Retail (one of which began operations after December 28, 2024), four of which serve Canada Retail (one of which began operations after December 28, 2024) and two of which serve Australia Retail;
Wholesale warehouses (two in the U.S. and one in Canada) used to process, package and distribute goods to our wholesale customers;
Logistics warehouses (all serving U.S. Retail); and
Corporate offices in Bellevue, WA and Meridian, ID.
The following table presents a split of the Company’s total leased square feet by property type:
| (in thousands) | Leased Square Feet |
|---|---|
| Retail stores | 9,514 |
| Offsite processing facilities | 473 |
| Wholesale warehouses | 245 |
| Logistics warehouses | 230 |
| Corporate offices | 26 |
| Total | 10,488 |
As of December 28, 2024, our total consolidated selling square feet was 7.1 million. As of December 28, 2024, we operated 351 retail stores in the U.S., Canada and Australia. For more information regarding our (i) segments, see Note 11. Segments, and (ii) 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 28, 2024, we had 172 U.S. retail stores located in 30 states, as set forth below:
| Alaska | 4 | Massachusetts | 14 | Ohio | 3 |
|---|---|---|---|---|---|
| Arkansas | 1 | Maryland | 12 | Oregon | 1 |
| Arizona | 7 | Minnesota | 10 | Pennsylvania | 5 |
| California | 18 | Missouri | 4 | Rhode Island | 4 |
| Connecticut | 4 | North Dakota | 1 | South Dakota | 1 |
| Georgia | 7 | New Hampshire | 4 | Texas | 3 |
| Hawaii | 2 | New Jersey | 5 | Utah | 8 |
| Idaho | 2 | New Mexico | 5 | Virginia | 5 |
| Illinois | 9 | Nevada | 6 | Washington | 15 |
| Kansas | 3 | New York | 8 | Wisconsin | 1 |
As of December 28, 2024, we operated 165 Canada retail stores located in 10 provinces, as set forth below:
| Alberta | 21 |
|---|---|
| British Columbia | 24 |
| Manitoba | 6 |
| New Brunswick | 3 |
| Newfoundland | 1 |
| Nova Scotia | 7 |
| Ontario | 76 |
| Prince Edward Island | 1 |
| Quebec | 21 |
| Saskatchewan | 5 |
As of December 28, 2024, we operated 14 retail stores in Australia, with 9 located in Victoria, 3 located in South Australia and 2 in New South Wales.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.