Square Footage

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MarketWatch  Oct 15  Comment 
Gap Inc. will reduce its square footage by about 10% over the next five years as it consolidates stores and relocates to smaller-sized locations, Chief Financial Officer Sabrina Simmons told analysts and investors in a meeting in New York...
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Square Footage measures the total surface area of all stores owned by the company.

The Square Footage adds up the surface area of each individual store to provide a single total value. This metric provides insight into the overall size of the company by the sheer amount of space all of its stores occupy.

This metric is particularly useful in the Retail Industry since the surface area of each store is important for judging certain aspects like its customer capacity, number of good offered, and volume of goods sold.

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