He’s not a merchant, and I think the company needs a merchant. It needs to create excitement, a new fashion image; it has to get customers to come to the store.

They don’t want to carry over anything.

It’s not surprising that Lacy is retiring. In the merger, he certainly appears to be a transitional figure.

Today we’ve lost an icon and patriarch in the business.

You have a problem here that’s more long-lasting, and that’s the fact that you probably have some involuntary inventory accumulation at many retailers because of the weather.