As of Aug 4, 2018, the company operated 4,622 stores throughout 49 states, Puerto Rico and Canada, comprised of 304 Ann Taylor Stores, 672 LOFT stores, 847 Justice stores, 730 dressbarn stores, 972 Maurices stores, 749 Lane Bryant and 348 Catherines stores, as well as 89 international franchise stores.
In fiscal 2018, the company opened 28 stores (14 Maurices) and closed 213 stores. In fiscal 2019, the company expects to close approximately 5% of its fiscal 2018 year-end fleet.
All stores are leased, and generally have an initial term of 10 years with one or more 5-year options to extend. Nearly 78% of stores have leases expiring in or before 2023, of which 40% have renewal options.
Justice, Lane Bryant and Catherines operate specialty retail and outlet stores primarily in mall locations, strip centers, lifestyle centers and outlet centers. Justice, Lane Bryant and Catherines stores average 4,100, 5,500, 4,300 square feet, respectively. Maurices operates specialty retail and outlet stores, which are concentrated in small markets (approximately 25,000 to 100,000 people) and typically located near large discount and department stores, and average approximately 5,100 square feet. dressbarn operates specialty retail and outlet stores located primarily in convenient strip shopping centers in major trading and high-density markets, and in surrounding suburban areas, which average approximately 7,900 square feet. ANN retail stores are located in mall locations, lifestyle centers and outlet centers, and inclusive of LOFT stores- average approximately 5,600 feet.
|Total gross square feet (M)||25,400||25,400||26,400||26,900||21,200||21,200|
|Total gross square feet growth||-3.8%||-3.8%||-1.9%||26.9%||0.0%||1.0%|
|Avg store gross sq ft||5,500||5,500||5,500||5,500||5,400||5,400|
|Avg store gross sq ft growth||0.1%||0.1%||0.1%||0.7%||0.0%||0.0%|
Notes:Justice acquired November 2009; Lane Bryant and Catherines acquired June 2012