Supercuts 2008 Annual Report Download - page 10
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Salon Development
The table on the following pages set forth the number of system wide salons (company-owned and franchise) 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.
COMPANY-OWNED AND FRANCHISE LOCATION SUMMARY
8
NORTH AMERICAN SALONS:
2008
2007
2006
2005
2004
REGIS SALONS
Open at beginning of period
1,099
1,079
1,093
1,085
1,095
Salons constructed
14
17
38
39
33
Acquired
4
49
14
13
4
Less relocations
(11
)
(14
)
(16
)
(14
)
(10
)
Salon openings
7
52
36
38
27
Conversions
1
(1
)
—
(
1
)
(2
)
Salons closed
(29
)
(31
)
(50
)
(29
)
(35
)
Total, Regis Salons
1,078
1,099
1,079
1,093
1,085
MASTERCUTS
Open at beginning of period
629
642
636
604
590
Salons constructed
7
15
32
47
34
Acquired
—
—
—
2
3
Less relocations
(6
)
(12
)
(8
)
(13
)
(9
)
Salon openings
1
3
24
36
28
Conversions
—
—
(
2
)
1
1
Salons closed
(15
)
(16
)
(16
)
(5
)
(15
)
Total, MasterCuts
615
629
642
636
604
TRADE SECRET
Company
-
owned salons:
Open at beginning of period
613
615
597
549
517
Salons constructed
16
20
33
56
26
Acquired
65
3
2
23
12
Franchise buybacks
5
—
5
—
2
Less relocations
(11
)
(11
)
(6
)
(17
)
(5
)
Salon openings
75
12
34
62
35
Conversions
5
1
1
—
1
Salons closed
(19
)
(15
)
(17
)
(14
)
(4
)
Total company
-
owned salons
674
613
615
597
549
Franchise salons:
Open at beginning of period
19
19
24
24
25
Salons constructed
2
—
—
—
1
Acquired
93
—
—
—
—
Less relocations
(1
)
—
—
—
—
Salon openings
94
—
—
—
1
Franchise buybacks
(5
)
—
(
5
)
—
(
2
)
Salons closed
(2
)
—
—
—
—
Total franchise salons
106
19
19
24
24
Total, Trade Secret
780
632
634
621
573
NORTH AMERICAN SALONS:
2008
2007
2006
2005
2004
SMARTSTYLE/COST CUTTERS IN WAL
-
MART
Company
-
owned salons:
Open at beginning of period
2,000
1,739
1,497
1,263
1,033
Salons constructed
207
242
215
194
174
Acquired
—
—
—
—
—
Franchise buybacks
12
21
31
45
61
Less relocations
(3
)
(2
)
(2
)
(1
)
—
Salon openings
216
261
244
238
235
Conversions
—
—
1
—
—
Salons closed
(4
)
—
(
3
)
(4
)
(5
)