TSX:LIQ.DB.B - Post by User
Post by
Goldbuggy1on Jan 24, 2016 8:58pm
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Post# 24489209
Store Size in Canada
Store Size in Canada
I have been trying to get some information about the size of stores we have in Canada. According to the September 2015 Presentation we had 249 Store total with about 1.1M Square Feet. That puts the average at about 4,418 Square Feet. But when you consider that both Kentucky and Alaska have large format stores, and the Wine & Beyond Stores are 17,000 and 20,000 Square Feet, the average size of our Liquor Stores in Alberta and BC is probably closer to 4,000 Square Feet. Now look at these new Jersey Stores. One is 17,000 Square Feet and the other is 25,000. The store in Massachusetts will be 16,600 Square Feet and the one in Connecticut will be 20,000 Square Feet. You can add to this also 2 new large Format Stores that opened in July 2015 in Kentucky. I know LIQ will keep some of its Convenience-format Stores, as there sole purpose is for Convenience of there customers, but it sure looks like they are breaking away from the smaller format stores in general. I guess a larger store is just as easy to manage but has greater profit potential.