Abercrombie & Fitch 2005 Annual Report Download - page 23

OFF-BALANCE SHEET ARRANGEMENTS The Company does
not have any off-balance sheet arrangements or debt obligations.
CONTRACTUAL OBLIGATIONS As of January 28, 2006, the
Company’s contractual obligations were as follows:
Payments due by period (thousands)
Contractual Less than More than
Obligations Total 1 year 1-3 years 3-5 years 5 years
Operating
Leases $1,417,827 $187,674 $365,992 $325,526 $538,635
Obligations
Purchase
Obligations $ 303,683 $303,683 – – –
Other
Obligations $ 49,739 $ 48,185 $ 1,554 – –
Totals $1,771,249 $539,542 $367,546 $325,526 $538,635
Operating lease obligations consist primarily of future minimum
lease commitments related to store operating leases (See Note 6 of the
Notes to Consolidated Financial Statements). Operating lease obliga-
tions do not include common area maintenance (“CAM”), insurance
or tax payments for which the Company is also obligated. Total
expense related to CAM, insurance and taxes for Fiscal 2005 was $96.5
million. The purchase obligations category represents purchase orders
for merchandise to be delivered during Spring 2006 and commitments
for fabric to be used during the next several seasons. Other obligations
represent preventative maintenance contracts for Fiscal 2006 and letters
of credit outstanding as of January 28, 2006 (See Note 9 of the Notes
to Consolidated Financial Statements).
STORES AND GROSS SQUARE FEET Store count and gross
square footage by brand were as follows for the thirteen weeks ended
January 28, 2006 and January 29, 2005, respectively:
Abercrombie
Store Activity & Fitch abercrombie Hollister RUEHL Total
October 30, 2005 354 163 297 6 820
New 6 2 17 2 27
Remodels/Conversions
(net activity) 1 –4–5
Closed –(1) – – (1)
January 28, 2006 361 164 318 8 851
Gross Square Feet Abercrombie
(thousands) & Fitch abercrombie Hollister RUEHL Total
October 30, 2005 3,077 713 1,941 58 5,789
New 76 8 112 11 207
Remodels/Conversions
(net activity) 4 –30 –34
Closed –(5) – – (5)
January 28, 2006 3,157 716 2,083 69 6,025
Average Store Size 8,745 4,366 6,550 8,625 7,080
Abercrombie
Store Activity & Fitch abercrombie Hollister RUEHL Total
October 31, 2004 363 174 224 3 764
New 5 4 32 1 42
Closed (11) (7) – – (18)
January 29, 2005 357 171 256 4 788
Gross Square Feet Abercrombie
(thousands) & Fitch abercrombie Hollister RUEHL Total
October 31, 2004 3,191 767 1,452 28 5,438
New 31 16 211 9 267
Closed (84) (31) – – (115)
January 29, 2005 3,138 752 1,663 37 5,590
Average Store Size 8,790 4,398 6,496 9,250 7,094
Store count and gross square footage by brand were as follows for the fifty-
two weeks ended January 28, 2006 and January 29, 2005, respectively:
Abercrombie
Store Activity & Fitch abercrombie Hollister RUEHL Total
January 30, 2005 357 171 256 4 788
New 15 5 57 4 81
Remodels/Conversions
(net activity) (1) (1) 6–4
Closed (10)1 (11) (1)1– (22)
January 28, 2006 361 164 318 8 851
Gross Square Feet Abercrombie
(thousands) & Fitch abercrombie Hollister RUEHL Total
January 30, 2005 3,138 752 1,663 37 5,590
New 146 20 389 32 587
Remodels/Conversions
(net activity) (46) (4) 38 – (12)
Closed (81)1 (52) (7)1– (140)
January 28, 2006 3,157 716 2,083 69 6,025
Average Store Size 8,745 4,366 6,550 8,625 7,080
1
Includes one Abercrombie & Fitch and one Hollister store temporarily closed due to hurricane damage
Abercrombie
Store Activity & Fitch abercrombie Hollister RUEHL Total
February 1, 2004 357 171 172 – 700
New 16 9 84 4 113
Closed (16) (9) – – (25)
January 29, 2005 357 171 256 4 788
Gross Square Feet Abercrombie
(thousands) & Fitch abercrombie Hollister RUEHL Total
February 1, 2004 3,152 753 1,111 – 5,016
New 105 37 552 37 731
Closed (119) (38) – – (157)
January 29, 2005 3,138 752 1,663 37 5,590
Average Store Size 8,790 4,398 6,496 9,250 7,094
Abercrombie &Fitch
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