Jim Scarborough Quotations

The acquisition of B.C. Moore's represents a logical next step for us following our successful integration of Peebles. It significantly enhances the strategic and geographic development of our business, improves our competitive position, and presents us with a compelling opportunity for increased sales and earnings.

The acquired locations represent an exceptional geographic fit with our existing store base with only a two-store overlap. Additionally, the locations meet our size and market demographics criteria, since the typical B.C. Moore store is located in a market area of less than 50,000 people, is strip shopping center based, and has an average of approximately 14,300 selling square feet. We expect to realize operating synergies as these stores are converted to Peebles stores, incorporated into our existing distribution system and managed from our South Hill, Virginia administrative offices.

Being part of the history of the Bible, thinking that you're in control, in a sense, of what happens is pretty awesome.