and competitors. >> we have steve tanger on. tanger factory outlet today.reat partner of the calvin klein brand. you're going to keep that strategy, right? >> oh, absolutely continue to grow that business. we see ourselves with the jeans and underwear business in north america really being able to enhance that business. warnaco is a large company, but about $800 million in sales in north america. us with about four billion. clearly gives scale and leverage to the calvin klein jeans and underwear business. >> you have a heritage business. in their call they talked about a heritage business. i would have thought that you would have had no interest in speedo, but totally wrong. you're going to blow it out, aren't you? >> well look, we love brands. we love strong brands that really have a niche in the market. speedo is the swimwear brand throughout the world. this gives us that business. we have a great management team on the west coast that has done an amazing job with that over the last three years in particular. high operating margin business at 15%. it's a

joins you is steve tanger. make up the customers for you? >> the early indications is we have another record year of traffic at tanger outlets. for the most part weather was really good compared to last year. traffic was up post-hunt sandy stress even on the east coast, people are out and about. the big boxes opened at 8:00, we opened at 10:00. about 50% of our stores, though, opened with great values even as early as veterans day. another 20% started their sales last weekend. so we're looking for a great holiday season in addition to another record-breaking black friday. >> steve, which retailers are being most aggressive in terms of their promotions to get people in the door? >> the hot brand around the country still remain, it doesn't matter whether they're deep discounts or not. the hot brands in our centers are coach, underarmour, j. crew, nike, michael kors, the gap, they still offer great products. >> good to chat with you again, sir. we've been talking about pennies, are you agnostic about who wins thes

tanger from tanger outlets. they are a good customer and they are doing incredibly well in europe. sell kors, buy it. bob in florida. bob. everybody is in a nicer area than i am. boo-yah. >> caller: earnings this morning. este lauder came out with earnings. it sold off quite a bit and then bounced back up. at the end it sold off again when the market was rallying. >> it has become a very problematic situation. i feel like it is just okay. there is no real edge to estee. there are others that i like in a similar position. i'm not going to go there and recommend the stock. david in georgia? >> jim, boo-yah. >> boo-yah. >> caller: true religion apparels. they reported earnings on the fifth. they make $300 pair of jeans. >> it's done. we're looking for greener pastures. that trade is over. find the next pvh. find the next tru religion. whether you're a fashionista like i am -- you like that? you know that retail is back on track. you just need to find companies like pvh that can execute well. that's the ticket. don't move. lightning round is next. if we we our schools... ... what shoul

people are lined up to each pump, and they filled the tanks with tangers that came in here. this is a nice supply of gas here at the vince lombardi truck stop. back towards the west, you can see here this gentleman, this police officer is actually directing traffic coming in from the exit into which line they should get in. as we show you where that line is, it travels all the way back up around to the turnpike. last night we understand this line was all the way out into the turnpike, which creates a dangerous situation there. so this is pretty good. you have about an hour and a half wait to the end of the line so you're able to get gas. there's no limits here on how much to get. they ask everybody to be respectful of everybody else. if you have five five-gallon tanks strapped to your roof, that won't make a lot of people happy. you have 50% of all the gas stations out there that could be giving out gas without power. whether they have gans in the tanks or not, there's no power to the stations. another 20% run out of gas. with the population concentration up through here, it