Item 2. Properties
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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 10-year initial term with options for two or three extension periods of five years each, exercisable at our option. As of February 2, 2013, we operated 550 retail stores in 45 states, as shown in the table below:
| State | Number of stores | |||
| Alabama | 10 | |||
| Arizona | 23 | |||
| Arkansas | 4 | |||
| California | 55 | |||
| Colorado | 12 | |||
| Connecticut | 5 | |||
| Delaware | 1 | |||
| Florida | 39 | |||
| Georgia | 21 | |||
| Idaho | 3 | |||
| Illinois | 38 | |||
| Indiana | 10 | |||
| Iowa | 6 | |||
| Kansas | 3 | |||
| Kentucky | 6 | |||
| Louisiana | 9 | |||
| Maine | 3 | |||
| Maryland | 9 | |||
| Massachusetts | 7 | |||
| Michigan | 23 | |||
| Minnesota | 11 | |||
| Mississippi | 4 | |||
| Missouri | 9 | |||
| Montana | 1 | |||
| Nebraska | 3 | |||
| Nevada | 6 | |||
| New Hampshire | 2 | |||
| New Jersey | 14 | |||
| New Mexico | 1 | |||
| New York | 19 | |||
| North Carolina | 17 | |||
| North Dakota | 1 | |||
| Ohio | 18 | |||
| Oklahoma | 8 | |||
| Oregon | 6 | |||
| Pennsylvania | 20 | |||
| Rhode Island | 1 | |||
| South Carolina | 10 | |||
| Tennessee | 8 | |||
| Texas | 67 | |||
| Utah | 6 | |||
| Virginia | 14 | |||
| Washington | 9 | |||
| West Virginia | 1 | |||
| Wisconsin | 7 | |||
| Total | 550 |
Table of Contents
As of February 2, 2013, we operated three distribution facilitates located in Romeoville, Illinois, Phoenix, Arizona and Chambersburg, Pennsylvania. 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 437,000 square feet. The lease for the Phoenix warehouse expires on March 31, 2019 and has three renewal options with terms of five years each. The Chambersburg warehouse contains approximately 373,000 square feet. 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.
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