Brad Martin Quotations

We believe there is a significant growth opportunity for this unique business.

We believe the next appropriate step in this process is to explore strategic alternatives for our Parisian specialty department store business, which could include its sale. We believe there is a very bright future for this unique franchise, and that meaningful opportunity exists for continued revenue growth and substantial operating income improvement.

We intend to reopen it once redevelopment plans for the area are solidified.

It's a strong location in business-friendly Santa Clara and an attractive office product for tenants.

Our comparable store sales results for the quarter exceeded those of our traditional and luxury department store peers, ... This performance reflects implementation of our customer-focused strategies.

More and more people are following the sport now and they can see that it is an athletic sport.

The kids are 17 and 18 years old and are pretty excited to do something out of the norm. ... You know, spending their vacation this way.

Over the last several months, we have thoroughly weighed strategic alternatives for our Northern Department Store Group,

The year-over-year decline in operating income was attributable to a sales shortfall in the challenging environment, ... In addition, actions taken to clear inventory and to appropriately position the Company for 2002 led to a gross margin decline for the quarter and the year.

Our outlook for the balance of the year remains quite cautious as we continue to face the uncertain economic environment, and as we rebound from the Sept. 11 event, ... Our team remains focused on maximizing our operating performance in this challenging retail environment by executing our customer focus strategy while appropriately adjusting operating expenses, inventory and capital spending.