As of May 5, 2018, the company operated 1,107 stores in 48 states.
In fiscal 2017, the company opened 102 new stores and closed 2 existing stores. During the first quarter of fiscal 2018, the company opened 34 stores and closed 1 store. In fiscal 2018, the company expects the opening of 100 new stores. Long term, the company sees the potential for approximately 1,400 to 1,700 stores across the US.
All stores are leased. Most store leases provide for a fixed minimum annual rent and generally have a 10-year initial term with options for two or three extension periods of 5 years each, exercisable at the company's option.
Stores are located in convenient, high-traffic locations such as power centers. The typical store is approximately 10,000 square feet, including approximately 950 square feet dedicated to a full-service salon.
|Total gross square feet (M)||11,600||11,301||10,271||9,226||8,182||7,158|
|Total gross square feet growth||11.6%||10.0%||11.3%||12.8%||14.3%||22.4%|
|Avg store gross sq ft||10,600||10,500||10,500||10,600||10,600||10,600|
|Avg store gross sq ft growth||-0.2%||-0.2%||-0.1%||-0.1%||-0.3%||-0.3%|