The apparel retailer has announced plans to open four stores in 2007, eight units in 2008, three in 2009, including one in Phoenix, and two in 2010. A new store is opening in Topanga, CA, this Oct. 6.

"There hasn't been a period where the opportunity for unit growth has been better," Koppel said. "Those plans have already been announced, but we're spending a lot of resources and time [looking for more]."

Two-thirds of the Seattle-based retailer's $1.3 billion of capital expenditures is earmarked for new stores. An additional $100 million a year will be spent on remodeling existing units.

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