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*FOR INTERNAL USE ONLY*
2008
2009
2010
2011
2012
2013
2014
’
Historical Development Activity CHRISTOPHER & BANKS 90
FO RECAST
80
$20.00 $18.00
70 60
$16.00
50 40
$14.00
30 20
$12.00
10 0
$10.00
2008
2009
2010
Ope nings
2011
Closings
2012
2013
Remo de ls
2014
Avg. Base Rent P SF
Historical Capital Expenditures CHRISTOPHER & BANKS $40
FO RECAST
$35
$30 $25 $20 $15 $10 $5 $0 2008
“ “
”
2009
2010
2011
2012
2013
” “
”
“
”
2014
Historical Development Activity TUESDAY MORNING 50 45 40 35 30 25 20 15 10 5 0
FO RECAST
$10.40 $10.00 $9.60 $9.20 $8.80
2009
2010 Ope nings
2011
2012
Closings
2013 Remo de ls
2014
2015
Avg. Base Rent P SF
Historical Avg Store Sizes TUESDAY MORNING
Historical Development Activity RESTORATION HARDWARE 40
FO RECAST
35 30
$90.00
$80.00 $70.00
25
$60.00
20
$50.00
15 10
$40.00
5
$30.00
0
$20.00
2008
2009 Ope nings
2010
2011
Closings
2012 Remo de ls
2013
2014
Avg. Base Rent P SF
Historical Capital Expenditures RESTORATION HARDWARE
Historical Development Activity ASCENA RETAIL GROUP 250
FO RECAST
$20.00
200
$18.00
150
$16.00
100
$14.00
50
$12.00
0
$10.00
2008
2009
2010
Ope nings
2011
Closings
2012 Remo de ls
2013
2014
Avg. Base Rent P SF
Lease Expiration Schedule ASCENA RETAIL GROUP
1200
1000 800 600 400 200
0 2015
2016
2017
Expir ing Le ases
2018 Lea ses W/ O Options
2019
Thereafter
Historical Development Activity BEBE STORES $60.0
FO RECAST
$50.0
$72.00 $64.00
$40.0 $30.0
$56.00
$20.0
$48.00
$10.0 $0.0
$40.00
2009
2010 Ope nings
2011
2012
Closings
2013
2014
Remo de ls
2015
Avg. Base Rent P SF
Historical Capital Expenditures BEBE STORES $25
FO RECAST
$20 $15
$10 $5 $0 2009
2010
2011
2012
2013
2014
2015
Historical Development Activity COACH 90 80 70 60 50 40 30 20 10 0
FO RECAST
$120.00 $100.00
$80.00 $60.00 $40.00 $20.00
$0.00
2009
2010
2011
Ope nings
2012
Closings
2013 Remo de ls
2014
2015
Avg. Base Rent P SF
Historical Capital Expenditures COACH
Millions
$350
FO RECAST
$300 $250 $200 $150
$100 $50 $0 2009
2010
2011
2012
2013
2014
2015
Historical Development Activity SHOE CARNIVAL 45
FO RECAST
40 35
$16.00 $14.00 $12.00
30
$10.00
25
$8.00
20
$6.00
15 10
$4.00
5
$2.00
0
$0.00
2008
2009 Ope nings
2010
2011
Closings
2012
2013
Remo de ls
2014
Avg. Base Rent P SF
Historical Capital Expenditures SHOE CARNIVAL
(In Millions
$35
FO RECAST
$30 $25 $20 $15 $10 $5 $0 2008
2009
2010
2011
2012
2013
2014
Historical Development Activity FOOT LOCKER 350
FO RECAST
$48.00
300
$46.00
250
$44.00
200
$42.00
150
$40.00
100
$38.00
50
$36.00
0
$34.00
2008
2009 Ope nings
2010 Closings
2011
2012 Remo de ls
2013
2014
Avg. Base Rent P SF