As of Apr 29, 2017, the company operated 4,850 stores throughout 49 states, Puerto Rico and Canada, comprised of 325 Ann Taylor Stores, 674 LOFT stores, 918 Justice stores, 791 dressbarn stores, 1,012 Maurices stores, 767 Lane Bryant and 363 Catherines stores, as well as 74 international franchise stores.
In fiscal 2016, the company acquired 1,039 stores from ANN, Inc., opened 129 stores (8 Justice, 30 Lane Bryant, 52 maurices, 15 dressbarn, 3 Catherines, and 21 ANN), and closed 157 stores (49 Justice, 23 Lane Bryant, 10 maurices, 30 dressbarn, 7 Catherines, and 38 ANN). During the first nine months of fiscal 2017, the company opened 50 stores (26 Maurices) and closed 106 stores. The company expects a modest net store count decline in fiscal 2017.
All stores are leased, and generally have an initial term of 10 years with one or more 5-year options to extend. Nearly 67% of stores have leases expiring in or before 2020, of which 50% 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 4,200, 5,600, 4,000 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 7,800 square feet. ANN retail stores are located in mall locations, lifestyle centers and outlet centers, and average approximately 5,700 feet.
|Total gross square feet (M)||26,672||26,900||21,200||21,200||21,000||20,769|
|Total gross square feet growth||-0.5%||26.9%||0.0%||1.0%||1.1%||47.3%|
|Avg store gross sq ft||5,500||5,500||5,400||5,400||5,400||5,400|
|Avg store gross sq ft growth||0.4%||0.7%||0.0%||0.0%||0.3%||-3.2%|
Notes:Justice acquired November 2009; Lane Bryant and Catherines acquired June 2012