Finished goods inventories per square foot as of the end of the second quarter of fiscal year 2012 are anticipated to increase in the mid-single digit range compared to a 9 percent increase in the second quarter of fiscal 2011.
Total capital expenditures for the year are anticipated to be approximately $27 million, which will include capital expenditures for new stores, remodels, store expansions, information technology systems and office improvements.
For the remainder of fiscal year 2012, we anticipate opening 4 bebe stores and up to 7 2b stores, including 2 potential conversions from bebe to 2b. We also anticipate closing up to 10 bebe stores, which represents a square footage decrease of approximately 2%. In addition, our international licensees are anticipated to grow by up to 40 points-of -sale.
bebe stores inc. designs, develops and produces a distinctive line of contemporary women's apparel and accessories, which it markets under the bebe, BEBE SPORT, bbsp and 2b bebe brand names. bebe currently operates 251 stores, of which 211 are bebe stores, 39 are 2b bebe stores and 1 online store at website.