The company also announced that it is revising planned annual
square footage growth for 2002 and 2003 to approximately 10 %, compared to a previously stated rate of approximately 15 %.
«In 2002, we estimate
square footage growth of approximately 28 %,» Friedman wrote.
«Retailers are lapping a year of significant
square footage growth and several got dented pretty badly.
Our long - term growth model contemplates 6 % to 8 %
square footage growth annually.
We anticipate accelerating
our square footage growth in 2016 to about 7 %, with 900 new stores and increasing this to 7.5 % in 2017 with about 1,000 new stores.
And then the second question, you did detail kind of expectations for a 6 %
square footage growth next year, the fiscal 2017 year?
The discount retail giant plans to open 730 stores this year, representing a staggering 6 %
square footage growth, with another 875 stores to be relocated or remodeled.
Not exact matches
«Sustaining 10 % -15 % annual EPS
growth through a visible formula that hinges on 6 % -8 %
square footage increases, modest comp
growth, stable to increasing margins, and 5 % reductions to shares outstanding should be handsomely rewarded by the market,» Lasser highlighted.
The faster rate of
growth in coworking membership is due to both the increase in average
square footage of coworking spaces as well as the
growth in members per
square foot.
I'm keen to see what «
growth» and «expansion» means within the LES as it can't really equate to
square footage due to the infrastructure.
Mackey recently said the company would cut back on
square -
footage growth in 2017 and that it's giving more scrutiny to potential new locations.
Both the percentage and the total
square footage of LEED - certified space were down slightly for the first time in CBRE's third annual National Green Building Adoption Index, which charts the
growth of Energy Star — and LEED - certified space for the 30 largest U.S. office markets.