As of May 2, 2015, the company operated 1,034 stores across 47 states, the District of Columbia, Puerto Rico and Canada, comprised of 242 Ann Taylor stores, 118 Ann Taylor Factory stores, 546 Loft stores and 128 Loft outlets, in addition to 6 international franchise stores.
During fiscal 2014, the company opened opened 50 new stores, including 3 Ann Taylor, 8 Ann Taylor factory, 17 Loft, 17 Loft outlet and 5 Lou & Grey stores. In the first quarter of fiscal 2015, the company opened 8 new stores and closed 4 existing stores. For 2015, the company expects to open 10 new Loft stores, 15 new Loft outlet stores, 10 new Ann Taylor factory stores and 5 Lou & Grey stores, as well as closing 35 stores, with square footage expected to remain roughly flat.
All stores are leased, typically with initial terms of 10 years, with the majority offering extensions for one or two additional 5-year periods and also contain early termination options.
Stores are primarily based in shopping malls and outlet centers. Ann Taylor stores are approximately 4,500 square feet in size, but the company is downsizing existing stores and opening new stores based on a new format that is smaller than in the past. Ann Taylor Factory stores average approximately 6,600 square feet, but new stores will be approximately 5,600 square feet. Loft stores average approximately 5,700 square feet, but new stores are expected to average 5,400 square feet. Loft Outlet stores average approximately 6,600 square feet, with new stores averaging approximately 6,200 square feet. Lou & Grey stores are approximately 2,300 square feet.
|Total gross square feet (M)||5,854||5,834||5,873||5,685||5,584||5,284|
|Total gross square feet growth||-0.8%||-0.7%||3.3%||1.8%||5.7%||-1.2%|
|Avg store gross sq ft||5,700||5,700||5,700||5,800||5,900||5,900|
|Avg store gross sq ft growth||-1.0%||-1.1%||-0.8%||-1.4%||-0.6%||0.0%|