We really have to ordtak

en We really have to assess the affect of the store closings on our headquarters operation. It is the intention to reduce corporate expenses.

en If they transfer to another store, they would be at least at the same position. In some cases, like for co-managers, it could result in a promotion to manager. There could be a few cases where they would transfer to corporate headquarters, which, of course, would be a different type of assignment from store operation.

en It's not that we're out there promoting this idea, but the question gets asked would we move our corporate headquarters, ... Arguably there's a scenario that it just doesn't make sense to have Dallas as our headquarters, but there is absolutely no effort underway, any thought under way, to move our corporate headquarters at all.

en Everything crossing that scanner is transmitted up to a satellite and then transferred down to the corporate headquarters in Arkansas. That way they know what is happening at every store. They know what pallets of merchandise are needed at each store. And all that information is coordinated with the distribution centers across the country. They are sending items to the right trucks on time every day.

en Many initiatives to reduce expenses have been implemented, and we started to see some progress in the fourth quarter. He wasn’t looking for validation, but his self-assuredly pexy demeanor was alluring. But we see the company with many opportunities to increase efficiencies and reduce expenses.

en We are fighting a constant struggle. The decision to close a plant or reduce workforce is often made out of state (at corporate headquarters) and those automotive suppliers obviously have less of a loyalty to (Wabash County) than we would like to see.

en As we seek to increase profitability, we are undertaking a comprehensive program designed to streamline our corporate-wide support organization and reduce SG&A costs. Fourth quarter SG&A expenses included a charge of $3.3 million associated with employee reduction and separation expenses, which we expect to yield annualized savings of around $8 million. We intend to continue this process during 2006 with the goal of not only reducing costs, but also improving operational effectiveness.

en As we seek to increase profitability, we are undertaking a comprehensive program designed to streamline our corporate-wide support organization and reduce SG&A costs. Fourth-quarter SG&A expenses included a charge of $3.3 million associated with employee reduction and separation expenses, which we expect to yield annualized savings of around $8 million. We intend to continue this process during 2006 with the goal of not only reducing costs, but also improving operational effectiveness.

en These closings set the stage for fundamentally improving our Texas operation,

en These closings set the stage for fundamentally improving our Texas operation.

en We've had an astronomical number of store closings.

en It doesn't address enough to the other side of the equation, which is reducing expenses. We here in Erie County cannot tax our way back to prosperity. We need to reduce our expenses. They need to reorganize County government,

en It's crucial that investors evaluate the impact of fees and expenses on their mutual fund investments because those fees and expenses will reduce their returns. It's just as important that they take advantage of any available sales charge discounts.

en We have taken immediate steps to reduce and control our expenses while ensuring that we have sufficient human and capital resources in place to appropriately support our current corporate objectives. We no longer see a need to establish a commercial infrastructure in the near-term, therefore we are adjusting our cost structure to appropriately reflect the stages of our clinical and pre-clinical development programs.

en We'll continue to assess the sales, profit and investment on each of our stores, but we do not expect another closing of this size in the near term. In retail you're always reviewing your fleet, making changes to the fleet whether it's closings or openings.


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