including more women and young adults, while using a capital efficient way to expand our square footage and distribution network.

This situation is especially painful, because Dave is a talented and dedicated individual who has made many contributions to the company.

I have a problem asking shareholders to vote for someone who has no intention of serving a full term. If I thought the search would take more than a year, that would be another situation.

The board and I have made succession planning a priority. Well, it paid off!

For the balance of fiscal 2001, we are focusing on moderate top line sales growth with a very keen focus on gross margin enhancement and expense reduction,

We're capitalizing on the position of strength we've built, ... By aligning our business across our three anchors...we will be in a strong position to exploit our multiple sales channels and get even closer to the customer.