ralph lauren beneficiary of consumer spending. global brand. beneficiary of housing starts and apartment starts. better strength in housing overall. they supply to home good market. well-known brand. consumers get money, ralph lauren is brand they want to own. >> nasdaq and s&p settled below 2%. 2% loss for s&p 500. go back to mark sebastian. stay on s&p producers if we can. if we break below 200-day moving average on s&p. which is 1903, mark, what happens then? >> then we could actually be in real chance of that 10% drop. everybody keeps waiting for. i think that 200 day will be a serious line in the sand. looking at vix, which is volatility index, first "time" i've seen stress in the vix since the whole selloff began. we're finally seeing racers trading non-logically for s&p 500 put insurance. seeing the vix explode and break that 17 1/2 level, hold there, along with test of that 1903 level, i think produce as buying opportunity. plus, again i think we'll reset our thoughts on that, on fed tapering. now, if we break and we break that 1903 wit

founder is near the ralph lauren store but i'm not sure where that is. i type in ralph lauren here.allye recognizes that i am outside the store and it will automatically give me directions. >> how are you? it works. gps foris this like a indoors like in your car? >> w it is likeaz -- it is like waze for indoor navigation. the cameras open and then we know where you are. we use all the other sensors. august, in malls, shops and hospitals, it is working with stores to help customers pinpoint items and buy them. but do we really need indoor navigation? >> a lot of people are in a rush. some people are shy. when they go inside, instead of , i wantyou can just say to go to the tallest office building. i want to go directly to the store. thereyou park your car, are so many other things you can do. indoor atlas uses the earth's magnetic field to navigate indoors. inside uses wi-fi sensors. then there is google. >> inside plans to use the power of the crowd. if you have got the sense of direction of a blindfolded badger, you may never get lost again. >> now where did i put my wallet? elliot

rl, ralph lauren, they are a holiday splurge store. and coach, i am picking coach, i'm not a fan of coach but came through with a winning design on one of the purses, the rider bag. we can show that. i have to tell you, they finally woke up and said let's imitate hermes, i see a lot of these on the street. coach is a winner for the holidays. >> we got back from the mall to buy the largest factor of the two. coach is hitting it out of the park, much better than hermes, seeing the same thing in europe and the other special situations. liz: i like you burt. >> the one fast footnote is over 100 retail and restaurant stocks hit 52-week lows in the last two quarters. as we forecast, if retail rolls over two-thirds of consumer stock market rolls over, too. target is a special situation that could turn around. tiffany if the stock market turns holds up. we recommended pilgrims pride. >> i wouldn't say the market is rolling over, it's tilting at the moment. i would be remiss if i didn't say the worst plays, brian, worst plays as retailer picks.

retailers including walmart and ralph lauren are accused of selling imitations of the famous chuck taylor shoe. >> let's wrap up with a story i just find it so fascinating. we know about the companies in silicon valley giving great perks to their employees. apple and facebook are taking it to a whole new level. >> they are offering to help their female employees paid to freeze their eggs. they're hoping this will attract more women to the tech industry by reducing the pressure on them to have kids before a particular age p. it's a very expensive process. apple says it will pay up to $20,000 to help its full and part-time employees take advantage of that process. >> interesting story. time now for our press review. >>let's start with these of violent clashes that rocked a hong kong -- >> the front page, a striking photo where you can see a policeman spring and activist in the face with pepper spray. the title says under the cover of night, right police seek to break the resistance of the hong kong protesters. tensions have definitely gone up a notch over 40 people were arrested in the earl

. >> aquÍ vemos las placas de calvin klein, ralph lauren el Único hispana no es de la renta. >> siempreiseÑador que pso el nombre de los hispanos muy en alto con lesiones que impactaron el mundo de la moda. los familiares dijeron que tan pronto tengan los servicios fÚnebres lo publicarÁn por momento piden que celebremos a un hombre que viviÓ en plenitud. regreso contigo. >> lamentable noticia, gracias tony por la informaciÓn pasó contigo bÁrbara además sobre la legendaria vida de oscar de la renta. >> asÍ es durante casi cinco dÉcadas dominÓ el mundo de la moda con sensacionales creaciones que vinieron en hollywood y en la casa blanca, a pesar de la fama y la fortuna siempre se considerÓ un simple embajador del buen vestir y de su paÍs. veamos. ♪ >> asÍ lo recordaremos lleno de alegrÍa y dispuesto a todo hasta a cantar con mariachis. ♪ ♪ ay ay ay >> aquÍ vemos a Óscar de la renta con su amiga sarah jessica parker. hoy el mundo de la moda llora la inesperada partida de este famoso diseÑador dominicano que hizo historial crear durante 50 aÑos espectaculares atuendos para actrices famosas

designer ralph lauren is 80. former james bond actor roger moore turns 86. >>> now keep it right here for more news, weather and sports. i'm milissa rehberger. thank you for watching "early today." have a good one. >>> a good tuesday morning to you. it's 4:30. i'm sam brock. >> i'm laura garcia-cannon. let's check the forecast with meteorologist christina loren. >>> good morning to you and everybody at home. today is the day we've been waiting for. the pattern change i promised you kicks in today. we are noticing the changes out there today with temperatures all over the place. it is mild in oakland. 56 degrees this morning in san jose. and i've got to tell you, we'll wake with a mostly clear sky. then the clouds thicken up throughout the day. i'll let you know when to expect the first rain drops on your doorstep coming up in my n

. >> ralph lauren is one of the stocks that you like. >> have you been over to the 55th store?ectacular. you have to go over at lunch. it showcases the polo line in a very different way. it creates stand-alone interest and it forces the retail partners to bring more of that kind of stuff into their stores. it is a huge new leg of growth for ralph lauren. >> it is an interesting luxury play that is attainable. they have also had some management changes, haven't they? what is your take? >> it is the same guy leading the company. >> i mean below him. operationally. >> they have. i think every company you look and overtime things change. we are very comfortable with the executives that are in place right now. >> thanks for joining us. at tierney alliancebernstein. it is jobs day tomorrow. loop" will- "in the have an all-star cast of characters. mohamed el-erian will join us. austan goolsbee. it is an all-star lineup. they are all in the loop tomorrow at 8:00 a.m. eastern. that is a show you don't want to miss. that is an amazing lineup. stay with us. ♪ >> do not miss microsoft heir

and so gap to get away with $50 where ralph lauren with more expensive goods can get away with a higherld. gerri: we just mentioned amazon and, of course, they have a big program to try to get people to buy online and free delivery, but you've got to pay for it again. they were out tonight with earnings that were a big disappointment. they lost 95 cents a share, expectations were that they would lose 73 cents a share. they typically are out there spending money trying to grow, and they constantly frustrate wall street because their performance is lackluster when profits. but is this a company that relies as much as, say, a conventional retail store on christmas sales? >> yeah, i think generally across the board both brick and mortars and online retailers do rely 20-40% of their profits on holiday shopping and holiday season. so amazon is really going to focus on trying to increase those earnings this upcoming season. gerri: i've got to tell you, you've got a list -- and this is the important list of retailers -- who are not charging for free shipping. who are they? >> right. we have zap

. >>> ralph lauren disappointed with a dismalsales forecast, lowering the guidance for the current quarter and the year blaming unfavorable currency issues. the profit topped estimates but the revenue came in short of estimates. despite all that, shares rose a fraction closing at 161.79. >>> after the bell, kraft announced that their profits fell as price hikes hurt sales. the increased prices were designed to offset higher commodity costs but sales of some of kraft's meat and cheese products suffered. shares were down initially in the after hours trading, stock was off just slightly to $56.91. >>> and old tech and new tech teaming up. ibm announcing a partnership with twitter to deliver data analytics, the goal is to shape businesses using data collected from tweets. shares of ibm off slightly, twitter down almost 4% at $42.08. >>> and twitter had company shares of facebook also lower despite facing better than expected quarterly results which we reported to you last night. twitter and facebook may operate two very different businesses, but as julie borsten tells us, they may have somethi

the foot company is suing 31 companies, including wal-mart, sketchers and ralph lauren for illegally copying the shoes. converse say goal, it is to get imposters off store shelves. >>> whole foods start ranking its pro tuesday today. super market chain is interest tuesdaying a program that will label fruits and vegetables as good, better or best and that is based on the producers farming practices, things like water and energy usage. new system bans several common pesticides and it really comes as whole foods faces more competition traditional super markets are offering organic foods. ukee and area. >> interesting. >> very much so. >> i will check on my chuck taylors too, appreciate it, jill, thank you. >>> in other news, a federal bankruptcy judge will decide fate of trump taj mahal casino on friday. judge will deciding whether to terminal union contract with the atlantic city gaming hall. trump entertainment resorts plans to close the casino november 13th unless it gets relief from pension and health care obligations. trump taj mahal employs about 3,000 workers. >>> a beer controve

the suit accuses companies ranging from wal-mart to ralph lauren of infringing on trademarks. started retracting. they had to climb their way out of the rock climbing wall. those who jumped off and brought down a hanging jacket they got to keep it. plenty d others just came down with nothing. that's america's money. i'm t.j. holmes. >> it's 5:23. up nix we're following breaking news in the ebola out break. >> a second healthcare worker in dallas has been diagnosed contagious disease. erin o'hearn is gathering new information on this breaking story so keen it right here for a live update at you could be at the corner of "i'm throwing away money" and "i had no idea." well, walgreens has your back. our expert pharmacists make it easy for you to save on your prescriptions. so you can keep your money where it belongs. swing by walgreens... ...where you could save even more with medicare prescription copays as low as zero dollars. at the corner of happy and healthy. up to 27% more brush movements. patented sonic technology with get healthier gums in two weeks. innovation and you phi

with earnings season in full swing, we'll hear from ralph lauren, kraft, sri casa, dreamworks animation. >>> coming up on the show, china's property loans dip and another sign of cooling for the housing sector. what does it mean for the big four bank earnings? we cross to hong kong for expert analysis. >>> and u.s. regulators sue at&t over an alleged mishandling of data plans. we'll get you that story, as well. plus, what if you could fight cancer and terminal illness by popping a single pill? we will tell you more about google's ambitious foret into health care, coming up next. how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> welcome back. let's giv

night they filed into new york international trade commission, 31 companies, sketchers, wal-mart, ralph lauren. we'll keep across that story as well. here's an interesting one for you. a new perk for working women. tech giants facebook and apple has confirmed they'll pick up the tabs for female employees who want to freeze their eggs. becoming two of the first of the large companies to cover the cost of this expensive fertility treatment. other benefits are longer parental leave. all taken by employees. tweet me and i'll tweet you back. all the business on "gmt" in over an hour's time. >> as always aaron, thank you very much. >>> rebel fighters in syria backed by the west told bbc the u.s. led coalition faces backlash against islamic state. a number of armed groups to help fight the militants say the support they've been given isn't enough. our international correspondent panel reports from the turkey syrian border. >> reporter: these are the men who have been hand picked to fight islamic state in syria. here aacking government forces. they're syrian rebels with some training and a few america

international trade commission against 31 companies, sketchers, wal-mart stores, fila, kmart and ralph laurenfind out how cases like this play out in court. we have a partner specializing in trademarks, designs and copy right. great to have you as well. what sort of challenges do case like this face in trying to, nike to prove these guys have taken the trademark. >> it resolves around the non traditional trademark, the shape of the shoe. the whole function of a trademark is distinguish goods to enable the con sosumer to distinguish one from another. think of a word, google, samsung, google. in this case it seems to be a non traditional trademark, the shape. non traditional trademarks are possible of being protected and enforced. you might have said the shape of a bottle, chocolate bar, in this case the shape of a shoe. there's traditional challenges for these marks. a consumer doesn't think of such trademarks as can designated origin. there's a higher hurdle in proving these cases and establishing the claim is valid. >> lots of challenges. how in the world do they put a price on it in terms o

. >> you think ralph lauren. >> but but it wasn't.nd then i thought global because women inspire me, not just american women. >> was there a moment when you thought this is not going to work? >> we were on a great trajectory of growth in the first few years and that was exciting and the pace was fast. i had three little boys. there were a lot of balls up in the air and there was a lot of figuring out. clearly i've had obstacles in the last few years. many times. conflicts, many things. >> is that behind you? >> it's totally behind me and everyone. what i learned about myself is when i face complexities i get more focused and i don't shy away from it. i get more focused. i had to be a pillar for my company and family. >> does it leave scars, take a toll? >> i don't think so. i think i'm an optimist at the end of the day. that said it was a very tough journey going through it. it was in the papers. i was worried about protecting my three sons and step daughters and everything around us. it was tough. >> has the dream changed? >> not at

i called up berkshire and said here's the next ralph lauren.something about torey, she is who she says she is. she lives the life that people read about she believes in it. she's authentic. to answer your question, yes, there is the next torey birch. i haven't met her, i'm looking. >> absolutely. >> you spoke about head wind and tail winds in this space, can they help inform your decisions or perhaps our investors decisions, what are some of the head winds and tail winds going into the holiday season? >> i think it's how we are all living today. we are spending more on health and wellness and beauty. i think there is a mismatch of supply and demand and when that happens, things become devalued. like clothing, for example. food is interesting, it's an easy way to feel luxurious, not a lot of money. >> those are all good answers. one final wrap-up, going into the holiday season, how is that consumer feeling? >> i think the consumer is feeling okay. i think it's the retailers, they're feeling a lack of confidence. i think if people focus on their

. >> i am watching ralph lauren beat estimates i think there will be a halo. >> chevron, exxon, i needo know how producttion is looking. charles: i like the action in oil today. all right, real quick, tremendous e-mails and tweets, one from michelle. talk about the smart washing machine. not unless it comes with a person to do the laundry, and joe, who would you fear most with our personal information talked about that willism, -- thacapitalimp, saying it cannote equateed to criminality, you are right, maybe, sometimes. charles: i am going to skip varney tomorrow, but i tell you, don't skip the man, he is back, lou dobbs, keep it right here on fox business. lou: good evening, president obama tonight battling on their fronts to defend himself and his administration, and controversys s tied to the white house, government's ebola response, hagel approving a recommendation by join chief chairman general dempsey to quarantine all u.s. military personnel returning from wes west africa for 21 day, secretary hagel refused to use word quarantine. and almost comicly ordered a review of his own d

we want to know, we did reach out to the companies we mentioned here, and ralph lauren and ed hardy,calls and others said they are not going to comment on an ongoing lawsuit. that wraps up this hour. straight ahead, you've got "up with steve kornacki." man: i know the name of eight princesses. i'm on expert on softball. and tea parties. i'll have more awkward conversations than i'm equipped for, because i'm raising two girls on my own. i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. ♪ every now and then i get a little bit hungry ♪ ♪ and there's nothing good around ♪ ♪ turn around, barry ♪ i finally found the right snack ♪ [ female announcer ] fiber one. you drop 40 grand on a new tset of wheels, ♪ then... wham! a minivan t-bones you. guess what: your insurance company will only give you 37-thousand to replace it. "depreciation" they claim. "h

why does ralph lauren have a join the store in new york? he does it for the halo, the advertising.etting people's attention. it will be a great idea. everybody needs online. everybody needs a showroom. these guys needed a showroom it's. >> across the road from the empire state building. there will be plenty of traffic from tourives as well. yes, herb. >> i'm wondering about that site. 34th street versus 42nd street. again, if you're not in new york you don't understand the significance. but it would seem -- even though it's the empire state building, it's edgier down that way. >> the most important tourist attraction in new york city is a macy's store sitting at 34th street. everybody goes there. it's a great place for retail. >> the reason i'm leaning over awkwardly, i'm putting best buy in my machine, my magic machine. best buy stock down with the market. it's hard to know if it's reacting. if you're best buy's ceo, you just got more nervous, did you not? >> you sure did. >> we're going to go, guys, radio shack, rsh and bby. i know the mark set down. it's hard to know if this is

. >> charlie: you thought ralph lauren. >> yeah, i knew i wanted to start a foundation and be part of the business plan. >> charlie: richard cohen, ron lauder and tory burch next. captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> charlie: richard cohen is here. he is a nationally syndicated columnist for "the washington post," sparked a controversy in 2006 when he opened his column with this sentence "the greatest mistake israel could make at the moment is to forget israel is a mistake." the response prompted him to explore his own history in a new book, "israel: is it good for the jews." pleased to have richard cohen at this table. well come. >> good to be here. >> charlie: tell me about that 2006 column and what happened afterward. >> well, i wrote it in the course of israel was once again at war this time with hesbollah in the north and you could see the pattern going back and forth, incessant war and terrorism. i used the word "mistake" which was a big mistake. but i couldn't come up with another word to describe the plight of

nike clams skechers, walmart and ralph lauren, among others, are infringing on trademarks that cover several unique aspects of chucks. >>> and macy's firing the first shot in the retail war that starts before the trkey is even cold. the store says it will open at 6:00 p.m. on thanksgiving night. two hours earlier than last year. it's all about luring shoppers hungry for holiday bargains. workers will receive extra pay for working holiday night and they'll be able to take off black friday. >>> now to the first lady michelle obama putting in elbow grease outside the white house with pint-sized helpers. >> she harvested the white house kitchen garden along with schoolchildren from several states getting down, getting dirty, pulling out some sweet potatoes and other veggies. >> the white house chef whipped a late lunch for all. pumpkin sweat potato -- >> it is sweet. >> i can't believe i mispronounced that. >> a new dish. >> a lot of sweat into that. >> she's all about moving. >> i'm wrong. maybe it is sweat. >> that's what i thought. part of her let's get moving campaign. >> you know, w

. >> and look at what ralph lauren has done, too. choo for $1000y shoes.e, from pimco to blackstone, managers looking for bargains after stockpiling their money over the last two years. they have been waiting for the u.s. to rise. they might finally be coming to buy. this could be the opportunity they are waiting for. >> they have been looking at high yield and are saying this is where we will put our money. if you look at the yield gap between high-yield in treasuries at this point in time, it is the widest gap since july 2013. they have been waiting for this moment of a for this to get cheaper. everyone has been hungry for yields for so long. >> of volatility in the equities market is scaring the institutional investors. institutional for rushing into bonds right now. and they avoided it. >> some of the yields, these junk grade bonds, were getting, were extremely low. they were not pricing the right risk. normalizing to be given what is happening in the markets to her number two, a tough quarter for google. the search giant missing profit and revenue est

up next, though, he learned at the feet of fashion legends, ralph lauren and calvin cline, a detroitings the rock in' roll fashion to men's fashion. outfitting iggy pop to the self-proclaimed media, howard stern. "squawk box" will be right back. today could be the day. the day we give you hope. relief. a cure. today, we believe every life deserves world-class care. as one of the top four hospitals in the nation, over 100,000 people from around the world come to cleveland clinic for care each year. and we're ready for you with a second opinion or a same-day appointment today today today and everyday. call today, for an appointment today. twith available forwardd collision warningigned. and new blind spot monitor and a 2014 top safety pick plus rating. cost of entry? a fortune. until now. hey sarah, new jetta? yup. can i check it out? maybe at halftime? introducing lots of new. the new volkswagen jetta. isn't it time for german engineering? ♪ >> gq magazine calls him the torch bearer for rock n' roll stars, not to mention the self-proclaim king of media, howard stern. flag ship, new yo

por otra parte, el diseÑador ralph lauren incursiona con una cafeterÍa en la ciudad de nueva york, dondensaje por diseñada para ser tan rápida como lo es fuerte y combatir el dolor en las áreas de inflamación. advil actúa con fuerza y rapidez para ayudarte a dejar atrás el dolor. advil. haz tuyo el día. terminé usando más detergente, y mi ropa no queda igual de limpia. ahora volví a tide y mi ropa se ve impecable otra vez. es que el que sabe, sabe. isuegra! [ locutora ] una tapa de tide quita más manchas que seis del detergente económico líder. y prueba tide en polvo con cristales acti-lift. los pañales regulares tienen 2 capas absorbentes y pampers 3. seco con pampers. así estará hasta 3 veces más seco. con hasta 12 horas de protección. para mañanas más felices. pampers. ♪ ♪ ♪ ♪ >> seguimos aquÍ disfrutando desde el circo hermanos vÁzquez, y más adelante no se pueden perder un acto acrobÁtico en moto, con... johnny, quÉ haces arriba? >> soy la persona que se va a encargar de hacer el acto increÍble de motociclismo, voy a estar a 30 pies de altura, y voy aprender la moto ya. >> hace cuÁn

you think of donna karan, calvin klein, ralph lauren, carolina herrera, and certainly oscar de la rentat. he was a true, true gentleman in the truest sense of the word. a real bright light. and this is just a terrible, terrible loss for the fashion world. >> a child of the dominican republic, a man who loved that country, had a house there, and was really one of the proudest sons of that country. >> he was. but america certainly adopted him. anderson, what was so interesting was just a week ago oscar de la renta named a new creative director for the house. a man by the name of peter copping. he was formerly of nina ricci. he will soon move to paris. he will show for oscar de la renta in february at new york fashion week. it had long been rumored that mr. de la renta had been ill. but we had heard those rumors before. and certainly when you saw his bright smile he always looked so happy and so healthy that i don't think anyone ever dreamed that we would find or see a day when this would happen. it's really just sad news. >> 82 years old. our thoughts are with his family. alina, thank you

por otra parte, el diseÑador ralph lauren incursiona con una cafeterÍa en la ciudad de nueva york, dondes opiniones al aire. ♪ ♪ >> estoy sÚper emocionada con lo del reality show de "despierta amÉrica", ya pueden ver la promo en nuestra pÁgina. >> nos portamos cuando no estamos al aire. >> si usted supiera lo que pasa entre comerciales en las uniones de producciÓn, nunca se perdieron el reality show. >> y tampoco se puede perder la sorpresa que tenemos le va a dar mucho gusto. y con Ésta, vamos con esta compaÑera linnete rÍos, en los angeles. >> ninette, cuÉntanos! >> efectivamente nos encontramos con el elenco de la pelÍcula "anabelle", si les gusta el terror, los invito a ver esto. > >> ella es el "anabelle",una muÑeca que luce para colecciÓn y john ford cree que ha encontrado el regalo perfecto para su esposa embarazada. y en esta historia de terror, la muÑeca estÁ poseÍda y la familia fort, vive la peor pesadilla de sus vidas, la actriz que protagonista a mia en la vida real se llama anabelle wallis, y nos comenta que lleva el mismo nombre de la muÑeca es pura coincidencia. >> creo q

luxury retailers including michael kors, tiffany, and ralph lauren. >> all right. >>> well, we've beens guest all morning long. we have someone very exciting sitting with us right now. i'm stretching a little bit because i don't want you to see what they're doing with the microphone. >> i said they brought the other imposters in and they never recovered. >> took some extreme measures that didn't quite work out. >> are people still talking about this? >> you're not sick of it, are you? >> of course not. you know, last year. hello, everyone. >> hello. >> suzanne sommers. >> last year i'm lying in bed and i'm watching "saturday night live" and i went, i woke my husband up. look at this! it was lady gaga playing chrissy snowe with justin timberlake and somebody else probably really famous, apologies to whoever that was. and they were doing a takeoff on three's company. if it's three way, then it ain't gay. anyway, what i saw by watching this was clearly that show had an iconic effect. i was lying in bed saying to allen, good thing they fired me. >> you know what? they thought they could do

>> these are ralph lauren, you know, sort of loafers. but, man.et. >> it did. >> we were talking about ebola and fed policy. all people wanted to know is why i wasn't wearing socks and why lloyd wasn't wearing socks. we're in california. >> he wasn't wearing them, so you didn't wear them either? >> yeah. >> carl, those are grandpa jeans too. those are grandpa obama jeans. don't you have any skinny jeans? >> can you move on to the next segment? i'll see you at 9:00. >> carl, good to see you. thank you. >> all right. >> some thanks for getting up early. >> giving a tough time. >> you got ideas now about dogs? lucky, you could have. >> i'm still working on the tat. i was thinking make an x-1 for you. >> i'm not going to out you on what rich bernstein said. i can't do it. >> please don't. >> because you denied you're a tattoo person. rich immediately thinks that means you're big on piercings. all right. never mind. that's rich bernstein! and i outed him. >> i'm glad it's friday. >> let me out us. let's take it to break. >> all right. we're taking a br

ralph look at brands like lauren, coach, i feel like i by moore and an alum off from them than i do in retail stores. businesss a long-term and job for me. we move forward as we see the market demands. we have a very successful factory value business. if retailers want to create by only doing price and cheap, long-term will tell the story. how many retailers are not around over the last 20 years? it is about product. it is about quality and connecting with the customer. yes, it is challenging right now. >> is it a risk only look at other companies like gap and target and jcpenney bring in ceos that are not industry insiders? at the end of the day, you are a man who truly knows the product. does it surprise you other companies are going in a different direction? >> i think retail is an art and science. >> how? >> you better have creative, or if you don't differentiate your product, move forward and design it well or have something that is not available and you just building on price, you're eventually going to lose because someone will sell it for cheaper. i can't comment on what they d