On the management side, Lece Lohr, formerly of Limited Too, joined us in July as Senior Vice President – General Merchandise Manager; Chuck Nesbit, former President & CEO of Sara Lee Intimate Apparel, joined us in August as Senior Vice President of Strategic Planning and Business Development; Rod Olson joined us in September as Vice President-Operations for White House | Black Market; and Gary King, former CIO for Barnes & Noble, joined us in October as Executive Vice President – Chief Information Officer. We are delighted to welcome these talented individuals to our management team and expect that they will make a valuable contribution to the company for many years to come.  Our customer loyalty programs, Passport Club for Chico’s and The Black Book for White House | Black Market, continue to grow at a rapid pace. We realize that these customers are truly dedicated to the Chico’s and White House brands.  In appreciation for their loyalty, we will continue to provide them with the special incentives and promotions that have been an important element of our marketing program. Our goals for fiscal 2005 are compelling. We plan to open between 110 and 120 net new stores and expand or relocate another 20 to 30. Of these 110 to 120 new stores, we anticipate 40 to 45 will be White House | Black Market stores, up to six will be soma stores and 65 to 70 will be under the Chico’s brand. As for soma, while we are pleased with the initial results that we have seen, we are continuing to evaluate and develop our merchandise mix and overall customer acceptance. Given that these initial results have been promising, we have decided to open up to six new soma stores during  Scott A. Edmonds President Chief Executive Officer ( 3 My sincerest thanks to every Chico’s, White House | Black Market, and soma associate for their dedication and commitment to making our company one of the best places in America to work and shop. I look forward to our ongoing partnership as we continue our quest to keep the Chico’s brands one step ahead of other specialty retailers. Finally, I would like to thank our customers, suppliers, and shareholders for their continued support. We believe our future is bright and we are all committed to Chico’s success in 2005 and beyond. At Chico’s, we value teamwork, energy, and commitment. We insist upon courtesy, respect, and honesty in all of our endeavors. Our culture and company values are based on these philosophies and everyone has a clear vision of what the Chico’s brands stand for. We adhere to the highest standards of integrity on all business fronts and we believe that when you do the right thing, good things happen. And doing the right thing is the way we do business at Chico’s! fiscal 2005 to help us as we further fine tune the soma concept. Soma provides a unique and exciting intimate apparel shopping experience for our customer and we remain excited about its potential and growth possibilities.