Supercuts 2002 Annual Report Download - page 12
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Table of Contents
Salon Development
The table on the following pages sets forth the number of system-wide salons (company-owned and franchised) opened at the beginning and
end of each of the last five years, as well as the number of salons opened, closed, relocated, converted and acquired during each of these
periods.
SALON LOCATION SUMMARY
9
1998
1999
2000
2001
2002
REGIS SALONS (3)
Open at beginning of period
835
844
905
912
981
Salons constructed
33
41
52
43
61
Acquired
15
63
14
65
17
Less relocations
15
20
29
17
17
Net salon openings
33
84
37
91
61
Conversions
(3
)
(1
)
(1
)
Salons closed or sold
(24
)
(23
)
(27
)
(21
)
(25
)
Open at end of period
844
905
912
981
1,016
MASTERCUTS
Open at beginning of period
362
412
460
502
523
Salons constructed
50
47
44
33
42
Acquired
8
13
7
2
1
Less relocations
4
7
5
10
2
Net salon openings
54
53
46
25
41
Conversions
1
1
1
Salon closed or sold
(4
)
(5
)
(5
)
(5
)
(14
)
Open at end of period
412
460
502
523
551
TRADE SECRET
Company
-
owned Salons:
Open at beginning of period
302
340
432
460
478
Salons constructed
32
44
49
39
34
Acquired
14
64
13
3
1
Less relocations
4
9
8
7
11
Net salon openings
42
99
54
35
24
Conversions (1)
2
(7
)
1
(2
)
(1
)
Salon closed or sold
(6
)
(27
)
(15
)
(11
)
Open at end of period
340
432
460
478
490
Franchised Salons:
Open at beginning of period
38
34
27
26
25
Salons added
1
Acquired (4)
Less relocations
Net salon openings
1
Conversions (1)
(2
)
(7
)
Salon closed or sold
(2
)
(1
)
(1
)
Open at end of period
34
27
26
25
26