There is a lot of money going into home real estate, and home improvement runs in step with that.

Old Navy is the one that's really hemorrhaging.

Initially, when they came out of the chute after the '91 recession, they hit a highly responsive chord with a public that was more focused on value. But even affluent people would go in and buy more goods.

We think that investor speculation on a potential take-over of the company could keep shares in the mid-$20s range.

It's too early to figure out the impact, but generally, if you're losing market share, reducing customer service does very little to stem that loss.

While Circuit City has embarked on a program to modernize and hopefully improve in-store execution, the feeling is they continue to lose market share and fall behind the competition.