As of Mar 31, 2017, Sally Beauty operated 5,175 stores worldwide, including 3,765 Sally Beauty Supply(SBS) company-operated retail stores, and 1,228 Beauty Systems Group (BSG) company-operated stores in the US and Canada, primarily under the CosmoProf banner, as well as supplying 182 franchised stores in North America, South America and Europe.
In fiscal 2017, the company closed 28 net SBS stores and added 50 net BSG stores. The company expects annual organic store growth of between 2% and 3% for the next few years.
Substantially all store locations are leased, and have an average term of five years with renewal options.
Company-operated BSG stores, which primarily operate under the CosmoProf banner, average approximately 2,600 square feet and are primarily located in secondary strip shopping centers. Sally Beauty Supply's US and Canadian stores average approximately 1,700 square feet in size and are located primarily in strip shopping centers, while store formats for Sally Beauty Supply outside the US and Canada vary by marketplace.
|Total gross square feet (M)||9,593||9,517||9,515||9,095||8,893||8,604|
|Total gross square feet growth||0.3%||0.7%||2.9%||2.3%||3.4%||2.8%|
|Avg store gross sq ft||1,900||1,900||1,900||1,900||1,900||1,900|
|Avg store gross sq ft growth||0.5%||0.2%||0.0%||0.1%||-0.2%||-1.1%|
Notes:only includes company-operated stores; excludes franchised stores