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... of this year. We are looking at this project as a 1.5 to 2 year project. Chi Lee – Morgan Stanley That 20-30% reduction achieved thus far is that relative to the end of last year or is that the year-ago period? Carlos ...
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... a 490 basis point gross margin reduction to 40.5%. This margin performance ... in our European business, and $0.01 reduction due to a change in the ... on the SG&A, the 5% reduction, does that include also any assumptions ...
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... we will see a pretty significant reduction in cost. Christine Chen - Needham ... annualized basis of that 10% headcount reduction? Carlos Alberini Well, there are two ... you know, in the 10% reduction, we are talking about $7 ...
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... those expenses as well in the second half overall. Janet Kloppenburg - JJK Research Great. And then the inventory reduction that you are planning between the fourth half and second half, as I said you are projecting, ...