I think there will be a recovery. The economy is still growing, although it's at a slower pace.

While management will likely continue to guide conservatively, we expect 2006 outlook will be at least in-line with (analysts' consensus estimate of) $4.18. JC Penney's stepped up branding campaign, which kicks off March 2 and includes a temporary NY store, should drive some sales and more importantly position them for market share gains as industry rationalization frees up share.

I think there's no question that an improved economy will push Amazon's growth rate up. The question is whether the growth can be faster than that. As long as the company keeps reporting growth that's not less, it'll be OK.

This is just one step in many. I think they look to be dominant in virtually everything they do.

We are interested to hear about initial response to spring assortments, especially as gift card usage is on the rise, which could have led to higher spring selling January and February.

Retailing is retailing, and Kmart was not where it should have been. From that point of view, I think that new blood has got to be a benefit.