Boot Barn Holdings has delivered another strong quarter – online and in-store – with strength across its merchandise categories and geographies.
In a statement, CEO John Hazen, who took the reins in May after serving as interim chief since October 2024, said that, in collaboration with a third party, the company has updated it market analysis to a “significantly expanded” total addressable market and store count potential.
The retailer of Western and work-related footwear, apparel and accessories now believes it can operate 1,200 stores across the US, up from its prior estimate of 900. The new total is more than double Boot Barn’s current retail footprint of 489 stores.
In addition, the company’s total addressable market is now estimated to be approximately $58bn, with market growth across all categories.
