says he is focused now on growth in japan and berberry's range of cosmetics. we explaineded what berberry could do to overcome all those challenges ahead. >> when you think about where the growth is in the world, you don't typically think about japan. you really think about china. 40% of berberry sales are in asia. a good bulk of that in china. they're obviously looking to maintain that growth. but the switch to japan may be something relating to some of the -- what some of their competitors have said. louis vuitton. they've been talking about anti-corruption charges as well as changing tastes in china. perhaps dampening the consumer environment there and perhaps burberry just looking to get ahead of the game. it hasn't affected their results yet. perhaps they're expecting it will do going forward. it's not unusual for a fashion retailer to have a complementary perfume types setup on the side cosmetics. it might be part of their overall strategy which they are very good at in burberry of kind of creating an aura around the brand. they're good in that disal mar

. >> we got the berberry results as well and they did very well. >> they did. and the high-end continues to do well and it is a trend we have seen for a few years. >> what does that mean for the big department store chains ike macy's? >> macy's, i would say, is aspirational luxury. they fell short on sales, which they blamed on the weather, but also being in a more promotional letter -- promotional he competitive landscape. they are doing well, but not as well as the burberry customer or the tiffany customer. >> what do you think? >> macy's has had not a very good quarter. that happened in retail. the other issue affecting not just macy's, but the entire apparel sector more broadly is that discretionary spending on goods is softening. there is a rotation in discretionary with a distressed consumer, high utility bills in the winter, with taking the oxygen out of the room on discretionary goods. as people rotate into the nondiscretionary goods, and gasoline, other necessities. >> what do you make of target? >> target is an interesting study. they came in relative

you're a fan i went on the salesforce.com website, her presentation about what she does at berberry.shop and the real deal. >> we had the 13th anniversary of the first opening yesterday in tysons corner back in 2001. john fortt was here talking about how at the time walt mossberg is there, fortt there is, no one thought this was going to work. we know what a force it is now, but what can she build on to it that hasn't been done? >> i think that they -- they have actually lagged the idea of what starbucks has done with howard schultz. lagged handheld, they've lagged an interactive way to be able to go to the store and have your product ready. she has done some remarkable things that are 360 for individuals in burberry they know more about you than anybody else. take a look at salesforce.com presentation she did at dream force and you'll know what i think is going to happen with apple and exciting. >> we did get to 606 yesterday. >> right. >> still safely above 600, but you think this is going to hold? >> i think it's an inexpensive stock and people keep trying to call it top. my probl