For most companies, cost reductions and cutbacks have done little to fuel real growth in either sales or revenues, ... Increasing worker productivity and innovation represent the best paths to business growth.

For most companies, cost reductions and cutbacks have done little to fuel real growth in either sales or revenues. Increasing worker productivity and innovation represent the best paths to business growth.

We have now registered our fourth consecutive quarter of strong sales growth and our third consecutive quarter of higher earnings, excluding special items,

We're very encouraged by the growth in digital sales. And while international sales still has a ways to go, there is a lot of upside.

Sales growth should compare less favorably with peers. The brand has now reached a mature stage of development.

Notwithstanding these factors, we believe retail sales growth in the 7% range is quite reasonable given the increased attractiveness and availability of retail projects in Fort Bend and our relative prowess in the region as a retail destination.