Supercuts 2003 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
1999
2000
2001
2002
2003
REGIS SALONS
Open at beginning of period
844
905
912
981
1,016
Salons constructed
41
52
43
61
53
Acquired
63
14
65
17
73
Less relocations
20
29
17
17
12
Salon openings
84
37
91
61
114
Conversions
(3
)
(1
)
(1
)
(2
)
Salons closed
(23
)
(27
)
(21
)
(25
)
(32
)
Open at end of period
905
912
981
1,016
1,096
MASTERCUTS
Open at beginning of period
412
460
502
523
551
Salons constructed
47
44
33
42
47
Acquired
13
7
2
1
Less relocations
7
5
10
2
6
Salon openings
53
46
25
41
41
Conversions
1
1
1
2
Salon closed
(5
)
(5
)
(5
)
(14
)
(4
)
Open at end of period
460
502
523
551
590
TRADE SECRET
Company
-
owned Salons:
Open at beginning of period
340
432
460
478
490
Salons constructed
44
49
39
34
34
Acquired
64
13
3
1
10
Less relocations
9
8
7
11
4
Salon openings
99
54
35
24
40
Conversions
(7
)
1
(2
)
(1
)
Salon closed
(27
)
(15
)
(11
)
(13
)
Open at end of period
432
460
478
490
517
Franchised Salons:
Open at beginning of period
34
7
26
25
26
Salons added
1
Salon openings
1
Conversions
(7
)
Salon closed or sold
(1
)
(1
)
(1
)
Open at end of period
27
26
25
26
25