As of Apr 29, 2017, the company operated 990 stores in 48 states.
In fiscal 2016, the company opened 104 new stores and closed 4 existing stores. During the first quarter of 2017, the company opened 18 new stores. In fiscal 2017, the company expects to the opening of 100 net new stores. Long term, the company sees the potential for approximately 1,200 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)||10,400||10,271||9,226||8,182||7,158||5,847|
|Total gross square feet growth||11.6%||11.3%||12.8%||14.3%||22.4%||23.2%|
|Avg store gross sq ft||10,600||10,500||10,600||10,600||10,600||10,600|
|Avg store gross sq ft growth||-0.1%||-0.1%||-0.1%||-0.3%||-0.3%||0.6%|