When you strip everything out, the performance is pretty much as expected.

I certainly didn't think it was anything spectacular.

Target's Global Bazaar is competing well with Pier 1 in similar merchandise,

New growth drivers are more of an issue for Home Depot than Lowe's. Lowe's domestically still has about half the sales of Home Depot. To some extent, Home Depot's growth opportunity is limited in the U.S. where it already has nearly 2,000 stores.

Target's Global Bazaar collection is competing well with Pier 1 in similar merchandise,

I wouldn't say that there is a definite shift in how people are furnishing their homes and that's why Pier 1 is lagging. Pier 1 has made missteps in merchandising, in its store layout and advertising. It really could take a management shakeup to fix things now for Pier 1.