Supercuts 2004 Annual Report Download - page 11

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Table of Contents
7
2000
2001
2002
2003
2004
SMARTSTYLE/COST CUTTERS IN WAL
MART
Company
owned salons:
Open at beginning of period
386
547
722
861
1,033
Salons constructed
126
152
125
168
174
Acquired
—
27
—
2
—
Franchise buybacks
43
11
17
12
61
Less relocations
5
4
1
5
—
Salon openings
164
186
141
177
235
Conversions
—
9
)
—
—
—
Salons closed
(3
)
(2
)
(2
)
(5
)
(5
)
Open at end of period
547
722
861
1,033
1,263
Franchise salons:
Open at beginning of period
158
148
194
210
230
Salons constructed
33
39
37
33
33
Acquired
—
13
—
—
—
Less relocations
—
1
—
—
—
Salon openings
33
51
37
33
33
Conversions
—
9
—
—
—
Franchise buybacks
(43
)
(11
)
(17
)
(12
)
(61
)
Salons closed
—
3
)
(4
)
(1
)
(1
)
Open at end of period
148
194
210
230
201
Total, SmartStyle/Cost Cutters in Wal
Mart
695
916
1,071
1,263
1,464
STRIP CENTERS
Company
owned salons:
Open at beginning of period
667
982
1,383
1,476
1,928
Salons constructed
83
114
69
85
166
Acquired
142
230
40
361
162
Franchise buybacks
134
111
36
85
133
Less relocations
3
8
2
3
8
Salon openings
356
447
143
528
453
Conversions
3
(13
)
(4
)
(13
)
(8
)
Salons closed
(44
)
(33
)
(46
)
(63
)
(63
)
Open at end of period
982
1,383
1,476
1,928
2,310
Franchise salons:
Open at beginning of period
1,615
1,740
2,011
1,988
2,172
Salons constructed
164
131
150
147
146
Acquired (2)
147
292
—
198
—
Less relocations
12
10
12
10
10
Salon openings
299
413
138
335
136
Conversions
(2
)
18
5
13
8
Franchise buybacks
(134
)
(111
)
(36
)
(85
)
(133
)
Salons closed
(38
)
(49
)
(130
)
(79
)
(78
)
Open at end of period
1,740
2,011
1,988
2,172
2,105
Total, Strip Centers
2,722
3,394
3,464
4,100
4,415