"In addition, the Company experienced a significant increase in its effective tax rate for fiscal 2007 compared to the prior fiscal nine-month period relating primarily to the one-time pension plan settlement."
Mr. Ginsburg added, "Retail sales have been somewhat disappointing in recent months, and many retailers are in an overstocked position. Accordingly, the increase in sales growth we experienced in fiscal 2007 compared to fiscal 2006 is not necessarily indicative of the Company's future performance."