American Eagle Outfitters 2009 Annual Report Download - page 5

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2009. We believe that there are attractive retail locations where we can continue to open American Eagle stores and our
other brands in enclosed regional malls, urban areas and lifestyle centers.
The tables below show certain information relating to our historical store growth in the U.S. and Canada:
Fiscal
2009
Fiscal
2008
Fiscal
2007
Fiscal
2006
Fiscal
2005
Consolidated stores at beginning of period ............ 1,098 987 911 869 846
Consolidated stores opened during the period .......... 29 122 80 50 36
Consolidated stores closed during the period ........... (24) (11) (4) (8) (13)
Total consolidated stores at end of period ........... 1,103 1,098 987 911 869
Fiscal
2009
Fiscal
2008
Fiscal
2007
Fiscal
2006
Fiscal
2005
AE Brand stores at beginning of period ............... 954 929 903 869 846
AE Brand stores opened during the period ............. 8 35 30 42 36
AE Brand stores closed during the period .............. (24) (10) (4) (8) (13)
Total AE Brand stores at end of period .............. 938 954 929 903 869
Fiscal
2009
Fiscal
2008
Fiscal
2007
Fiscal
2006
Fiscal
2005
aerie stores at beginning of period ................... 116 39 3 — —
aerie stores opened during the period ................. 21 77 36 3 —
aerie stores closed during the period.................. — — — — —
Total aerie stores at end of period .................. 137 116 39 3 —
Fiscal
2009
Fiscal
2008
Fiscal
2007
Fiscal
2006
Fiscal
2005
M+O stores at beginning of period ................... 28 19 5 — —
M+O stores opened during the period ................. — 10 14 5 —
M+O stores closed during the period ................. — (1) — — —
Total M+O stores at end of period ................. 28 28 19 5 —
Remodeling of our AE stores into our current store format is important to enhance our customer’s shopping
experience. In order to maintain a balanced presentation and to accommodate additional product categories, we
selectively enlarge our stores during the remodeling process to an average 7,000 gross square feet, either within
their existing location or by upgrading the store location within the mall. We believe the larger format can better
accommodate our expansion of merchandise categories. We select stores for expansion or relocation based on
market demographics and store volume forecasts.
During Fiscal 2009, we remodeled 22 AE U.S. and Canadian stores. Of the 22 remodeled stores, 10 stores were
remodeled and expanded within their existing locations, nine stores were relocated to a larger space within the mall
and three stores were remodeled within their existing locations. Additionally, three stores were refurbished as
discussed below.
We maintain a cost effective store refurbishment program targeted towards our lower volume stores, typically
located in smaller markets. Stores selected as part of this program maintain their current location and size but are
updated to include certain aspects of our current store format, including paint and certain new fixtures.
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