Item 2. Properties

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All of our retail stores, corporate offices and distribution and warehouse facilities are leased or subleased. Our retail stores are predominately located in convenient, high-traffic, locations such as power centers. Our typical store is approximately 10,000 square feet, including approximately 950 square feet dedicated to our full-service salon. Most of our retail store leases provide for a fixed minimum annual rent and generally have a fixed 10-year initial term with options for two or three extension periods of five years each, exercisable at our option. As of January 28, 2012, we operated 449 retail stores in 43 states, as shown in the table below:

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As of January 28, 2012, we operated two distribution facilitates located in Romeoville, Illinois and Phoenix, Arizona. The Romeoville warehouse contains approximately 317,000 square feet, including an overflow facility. The lease for the Romeoville warehouse expires on April 30, 2015. The Phoenix warehouse contains approximately 330,000 square feet. The lease for the Phoenix warehouse expires on March 31, 2019 and has three renewal options with terms of five years each.

In August 2011, we entered into a lease for a distribution center located in Chambersburg, Pennsylvania. The Chambersburg warehouse contains approximately 373,000 square feet and is expected to open in fiscal 2012. The lease expires on March 31, 2027 and has three renewal options with terms of five years each.

Our principal executive office is in Bolingbrook, Illinois. The lease for the Bolingbrook office expires on August 31, 2018.