There is a tremendous amount of opportunity with their Tommy Hilfiger women's business. That should allow them to prosper.

We would expect Kohl's to meet or beat expectations on a more regular basis in 2006.

You saw a little better earnings than expected, a more optimistic outlook for full-year earnings, and people beginning to see margin expansion for the company after some declines over the last 18 months. That visibility is the biggest reason you're seeing the stock move up.

Overall, the positive earnings surprise will be well received by investors, but the outlook for the company remains uncertain.

I think the challenge Kmart really faces right now is whether it's going to be able to keep pace with Wal-Mart and Target, and can they improve the big investment in store value. ...To close the gap between your peers casts a lot of uncertainty on the numbers and expectations.

Black Friday is about sending a message. It is about establishing a reputation for the rest of the holidays.