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This excerpt taken from the GPS 8-K filed Feb 25, 2010. Real Estate During the fourth quarter of fiscal year 2009, the company opened 11 store locations and closed 59 store locations. For fiscal year 2009, the company opened 47 store locations and closed 101 store locations. The company ended fiscal year 2009 with 3,095 store locations, and net square footage decreased 1.8 percent from the end of fiscal year 2008. For fiscal year 2010, the company expects to open about 65 stores, weighted towards international and outlet. The company expects that it will close about 110 stores, weighted towards Gap brand. Square footage is expected to decrease about 3 percent for fiscal year 2010.
This excerpt taken from the GPS 8-K filed Nov 19, 2009. Real Estate During the third quarter of fiscal year 2009, the company opened 13 store locations and closed 15 store locations. This compares with 37 openings and 17 closings for the third quarter of the prior year. The company ended the third quarter of fiscal year 2009 with 3,143 store locations, and net square footage decreased about 0.3 percent from the end of fiscal year 2008. Year to date, the company has opened 36 store locations, weighted towards International and Outlet, and closed 42 store locations, weighted towards Gap brand. The company continues to expect that it will open about 50 stores and close about 100 stores for fiscal year 2009, including repositions. The company continues to expect that net square footage will decrease about 2 percent in fiscal year 2009 over last year.
The following table contains our third quarter store openings, store closings, and square footage for wholly owned stores:
This excerpt taken from the GPS 8-K filed Aug 20, 2009. Real Estate During the second quarter of fiscal year 2009, the company opened 12 store locations and closed 16 store locations. This compares with 22 openings and 29 closings for the second quarter of the prior year. The company ended the second quarter of fiscal year 2009 with 3,145 store locations, and net square footage decreased 0.3 percent from the end of fiscal year 2008. Year to date, the company has opened 23 store locations and closed 27 store locations. The company continues to expect that it will open about 50 stores and close about 100 stores for fiscal year 2009, including repositions. The company continues to expect that net square footage will decrease about 2 percent in fiscal year 2009 over last year.
The following table contains our second quarter store openings, store closings, and square footage for wholly owned stores:
This excerpt taken from the GPS 8-K filed May 21, 2009. Real Estate During the first quarter of fiscal year 2009, the company opened 11 store locations and closed 11 store locations. This compares with 33 openings and 23 closings for the first quarter of the prior year. The company ended the first quarter of fiscal year 2009 with 3,149 store locations, and net square footage decreased 0.3 percent from the end of fiscal year 2008. The company continues to expect that it will open about 50 stores and close about 100 stores for fiscal year 2009, including repositions. The company continues to expect that net square footage will decrease about 2 percent in fiscal year 2009 over last year. The following table contains our first quarter store openings, store closings, and square footage:
This excerpt taken from the GPS 8-K filed Feb 26, 2009. Real Estate During the fourth quarter of fiscal year 2008, the company opened 9 store locations and closed 50 store locations. This compares with 28 openings and 52 closings for the fourth quarter of the prior year. The company ended fiscal year 2008 with 3,149 store locations, and net square footage decreased 0.3 percent from the end of fiscal year 2007. For fiscal year 2008, the company opened 101 store locations and closed 119 store locations. These numbers include 17 repositions, which are reflected as both an opening and a closing. For fiscal year 2009, the company expects to open about 50 stores with about half located outside the U.S. and the remaining weighted towards the Outlet business. The company expects that it will close about 100 stores, weighted towards Gap brand. Square footage is expected to decrease 2 percent for fiscal year 2009. The following table contains divisional fourth quarter store openings, store closings, and square footage:
This excerpt taken from the GPS 8-K filed Nov 20, 2008. Real Estate During the third quarter of fiscal year 2008, the company opened 37 store locations and closed 17 store locations. This compares with 115 openings and 67 closings for the third quarter of the prior year, which included 45 Old Navy Outlet store conversions. The company ended the third quarter of fiscal year 2008 with 3,190 store locations, and net square footage increased 0.8 percent from the end of fiscal year 2007. Year-to-date, the company has opened 92 store locations and closed 69 store locations. These numbers include 16 repositions, which are reflected as both an opening and a closing.
The company continues to expect that it will open about 100 stores and close about 115 stores for fiscal year 2008, including repositions. The company continues to expect that net square footage will remain roughly flat in fiscal year 2008 over last year. The following table contains divisional third quarter store openings and closings, and square footage as of November 1, 2008:
This excerpt taken from the GPS 8-K filed Aug 21, 2008. Real Estate During the second quarter of fiscal year 2008, the company opened 22 store locations and closed 29 store locations. This compares with 32 openings and 41 closings for the second quarter of the prior year, including 18 store closures related to Forth & Towne. The company ended the second quarter with 3,170 store locations and net square footage was flat from the end of fiscal year 2007. Year to date, the company has opened 55 store locations and closed 52 store locations. The company revised its guidance for store openings. The expected number of store openings has decreased by 15 stores, driven primarily by Banana Republic, to about 100 openings for the full year. The number of store closings has not changed from the company’s previous guidance of about 115. These figures include about 15 store repositions, which are reflected as both an opening and a closing. The company continues to expect that net square footage will remain roughly flat in fiscal year 2008.
The following table contains divisional second quarter store openings and closings, and square footage as of August 2, 2008.
This excerpt taken from the GPS 8-K filed May 22, 2008. Real Estate During the first quarter of fiscal year 2008, the company opened 33 store locations and closed 23 store locations. This compares with 41 openings and 20 closings for the first quarter of the prior year, including one store closure related to Forth & Towne. The company ended the quarter with 3,177 store locations and net square footage increased less than half a percentage point from the end of fiscal year 2007. The company increased its guidance for store closures in fiscal year 2008 by 15 store locations, driven primarily by Gap brand. The company now expects to open about 115 store locations and to close about 115 store locations. As such, the company does not expect any net square footage growth in fiscal year 2008.
The following table contains divisional first quarter store openings and closings, and square footage as of May 3, 2008.
This excerpt taken from the GPS 8-K filed Feb 28, 2008. Real Estate During fiscal year 2007, the company opened 214 store locations and closed 178 store locations. Openings and closings include 18 store repositions and 45 Old Navy Outlet store conversions, while closings also include 19 Forth & Towne stores. Net square footage at the end of the fourth quarter of 2007 was up 1.8 percent compared with last year. Excluding 15 store repositions, the company expects to open about 100 store locations and to close about 85 store locations in fiscal year 2008. The store closings are weighted toward Gap brand. Square footage is expected to increase less than half a percent for fiscal year 2008. This excerpt taken from the GPS 8-K filed Nov 21, 2007. Real Estate For the first three quarters of fiscal year 2007, the company opened 187 store locations and closed 127 store locations, and square footage increased 2 percent. This includes 19 Forth & Towne store closures and 45 Old Navy Outlet store conversions. The company reaffirmed that it expects to open 30 store locations on a net basis for fiscal year 2007. Square footage is still expected to increase about 1 percent for fiscal year 2007. This excerpt taken from the GPS 8-K filed Feb 23, 2006. Real Estate
During the fourth quarter of fiscal year 2005, the company opened 18 store locations and closed 82. During fiscal year 2005, the company opened 198 store locations and closed 139. Net square footage at the end of the fourth quarter 2005 and the full fiscal year was up 3% compared with last year. For fiscal year 2006, the company expects to open about 175 store locations, weighted toward Old Navy brand, and close about 135 store locations, weighted toward Gap brand. Square footage is expected to increase between 1 and 2 percent for fiscal year 2006.
The following tables contain divisional fourth quarter store openings and closings, and square footage.
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