"We are reviewing other prospective sites," said Burton M. Tansky, president and CEO. Neiman also will open two more Cusp stores by the end of the fiscal year, for a total of four. But the younger-skewing, edgier specialty stores (averaging 7,000 square feet to 8,000 square feet) remain a work in progress.
"We will continue to evolve our program, and will make a slow and steady approach to this concept," Tansky said. "This is an R and D project."
For the quarter ended Oct. 28, the first quarter of fiscal year 2007, the company reported total revenues of $1.04 billion compared to $946.2 million in the prior year. Comparable revenues increased 6.8%. Operating earnings for the first quarter of fiscal 2007 were $154.3 million compared to $104.9 million for the first quarter of fiscal year 2006.
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