As we moved through the third quarter it became increasingly clear that the retail environment was deteriorating, which the company attributed in part, to consumer consternation over rising interest rates, tighter credit and higher energy prices, |
At this time, the best investment the company can make is in itself. |
Our public online operations continue to post record sales each quarter as we are currently receiving over 2 million visits to our site each month. |
The company's objective during its real estate review... is to identify underperforming stores and close or move them to new, more productive locations, |