Company: SVV
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001883313-25-000013
Chunk: 83

Company: Savers Value Village, Inc.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 2
Chunk 83
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Table of Contents

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 FeetRetail stores9,514 Offsite processing facilities473 Wholesale warehouses245 Logistics warehouses230 Corporate offices26 Total10,488 

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.”

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As of December 28, 2024, we had 172 U.S. retail stores located in 30 states, as set forth below:

Alaska4Massachusetts14Ohio3Arkansas1Maryland12Oregon1Arizona7Minnesota10Pennsylvania5California18Missouri4Rhode Island4Connecticut4North Dakota1South Dakota1Georgia7New Hampshire4Texas3Hawaii2New Jersey5Utah8Idaho2New Mexico5Virginia5Illinois9Nevada6Washington15Kansas3New York8Wisconsin1

As of December 28, 202