As of Sep 30, 2017, there were 8,944 locations system-wide, comprised of 6,112 company-operated locations, 2,743 franchised locations and 89 equity ownership interest locations. By concept, there were 2,828 SmartStyle/Cost Cutters, 2,677 Supercuts, 335 MasterCuts, 2,192 other value salons, 548 Regis salon locations and 275 salons in Europe.

During fiscal 2017, the company reduced corporate-owned store counts by 519, while franchisees added 150 locations. Systemwide, the company closed 62 net stores in the first quarter of fiscal 2018. In Oct 2017, the company sold substantially all of its mall-based salon business in North America, representing 858 salons, and substantially all of its international segment, representing approximately 250 salons in the UK, to The Beautiful Group, who will operate these locations as franchise locations.

All salon locations are leased. Mall locations typically have initial lease terms of at least 10 years. Salons operating in strip centers and Walmart Supercenters have leases with original terms of at least 5 years, generally with the ability to renew for one or more additional 5 year periods. The company leases the premises in which 84% of franchisees operate, with initial terms of 5 years.

Most North America locations are located in strip centers and Walmart Supercenters, with premium salon locations primarily in malls. Salons in the UK are located in malls, leading department stores, mass merchants and high-street locations. Salons range in size from 500 to 5,000 square feet, with the typical salon approximately 1,200 square feet.

Store growth-4.4%-4.0%-1.0%-1.2%-0.6%-2.3%
Total gross square feet (M)10,70510,78211,21411,31511,45211,535
Total gross square feet growth-4.5%-4.1%-1.0%-1.2%-0.7%-2.4%
Avg store gross sq ft1,2001,2001,2001,2001,2001,200
Avg store gross sq ft growth-0.2%-0.2%0.0%-0.0%-0.1%-0.1%

Notes:Includes company-operated and franchised locations, but excludes equity ownership locations