Abercrombie & Fitch 2010 Annual Report Download - page 50

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Table of Contents
Store Activity Abercrombie & Fitch abercrombie Hollister Gilly Hicks Total
January 31, 2009 356 212 515 14 1,097
New 2 5 14 2 23
Remodels/Conversions (net activity) — — — — —
Closed (12) (8) (4) — (24)
January 30, 2010 346 209 525 16 1,096
Gross Square Feet (thousands)
January 31, 2009 3,164 976 3,474 146 7,760
New 49 40 152 15 256
Remodels/Conversions (net activity) — — (2) — (2)
Closed (103) (37) (27) — (167)
January 30, 2010 3,110 979 3,597 161 7,847
Average Store Size 8,988 4,684 6,851 10,063 7,160
CAPITAL EXPENDITURES
Capital expenditures totaled $160.9 million, $175.5 million and $367.6 million for Fiscal 2010, Fiscal 2009 and Fiscal 2008,
respectively. A summary of capital expenditures is as follows:
Capital Expenditures 2010 2009 2008
(In millions)
New Store Construction, Store Refreshes and Remodels $ 118.0 $ 137.0 $ 286.4
Home Office, Distribution Centers and Information Technology 42.9 38.5 81.2
Total Capital Expenditures $ 160.9 $ 175.5 $ 367.6
During Fiscal 2011, based on new store opening plans and other capital expenditures, the Company anticipates total capital
expenditures to be approximately $300 million to $350 million, with the upper end of the range being subject to the Company
achieving the higher end of its range of potential new store openings, including commitments for 2012 openings.
CLOSURE OF RUEHL BRANDED STORES AND RELATED DIRECT-TO-CONSUMER OPERATIONS
On June 16, 2009, A&F's Board of Directors approved the closure of the Company's 29 RUEHL branded stores and related
direct-to-consumer operations. The Company completed the closure of the RUEHL branded stores and related direct-to-consumer
operations during the fourth quarter of Fiscal 2009. Accordingly, the results of operations of RUEHL are reflected in Loss from
Discontinued Operations, Net of Tax on the Consolidated Statements of Operations and Comprehensive Income for all periods
presented. Results from discontinued operations were immaterial for the fifty-two weeks ended January 29, 2011.
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