FARGO - Construction is underway to turn part of a former Best Buy building on the West Acres shopping mall campus into a new, larger home for Boot Barn.
“Their move over to their new space was slightly delayed due to COVID-19, and they have now resumed construction,” Alissa Adams, senior vice president of marketing and business development said in an email Monday, June 2. “We anticipate them opening in that space mid-summer. For the time being, they remain open in their current location within the mall.”
Boot Barn had originally filed an application for a building permit in spring 2019. The store is being fitted out on the east side of the building. Tradesmen were working on the store's signage as well as the interior on Wednesday, June 3.
The building on the 1600 block of 38th St. S., just south of West Acres proper, is already home to Foss Swim School. Foss opened on the west side of the building in October 2019.
Best Buy relocated to its current location as the anchor on the east side of the mall in June 2018. It occupies most of the space that had once been a Sears store.
The Fargo Boot Barn, in the northwest part of the mall, sells cowboy boots and hats and other western wear, plus work gear and footwear.
There are six Boot Barns in North Dakota (Fargo, Grand Forks, Bismarck, Minot, Dickinson and Williston ), and two in Minnesota (St. Cloud, and the Twin Cities suburb of Bloomington).
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The firm, headquartered in Irvine, Calif., was founded in 1978. According to a recent federal filing, the company had 259 stores in 35 states as of March 28, 2020. Boot Barn opened 19 stores in fiscal 2019 and acquired another. Its stores average 10,500 square feet.
The company recently announced its net sales rose 8.8% to $845.6 million in fiscal 2020. Consolidated same store sales increased 5.0%.
Net income was up 22.9% to $47.9 million in fiscal 2020.
However, like countless other firms across the U.S., the effects of the COVID-19 pandemic hit the company’s bottom line, according to figures released May 20.
For the quarter ended March 28, net sales had declined 2.1% to $188.6 million, while same store sales dipped 4.7%.
Net income was $5.7 million in the latest quarter, compared to $8.7 million for the same period last year.