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Very satisfied! One of the best services I've ever used. I thought I had to buy it again which would cost extra money. Instead, I downloaded it from my personal cabinet. Easy and smooth, as always! It includes gaining momentum of Lucky Brand Jeans where we see strong full price sell throughs of spring assortments, every delivery, in fact, getting better and being received even more strongly by the consumer since the January 15 floor set that first appeared.

March comps, even with the Easter shift as you can see here, were up plus 1, and we see strong sales now continuing into April with a double digit comp growth trend.

We anticipate the challenging Juicy Couture comp trend that I called out back in January to last through the first half of the year into fall The April gain that you see here is from the Easter shift.

We expect the underlying traffic to remain tough. Those of you at the conference tomorrow will have the chance to meet LeAnn in person and hear her vision directly. At Mexx, we remain encouraged by the progress in rebuilding the European wholesale business. We continue to see an up and down comp profile in our company owned stores in Europe. That being said, April has been looking very good. We now remain very focused on improving the direct to consumer profitability, and this includes closing some store locations that are just not working.

So with that overview, let me hand over the call to Andy Warren to give you a detailed review of financial metrics. Thanks, Bill. There are 3 things to keep in mind as I walk you through the schedule. Wholesale business at both Juicy Couture and Lucky Brand. Also on this page, we added a fourth column, reflecting our first quarter results as reported back in May of last year on our first quarter conference call.

The second column presents the first quarter including the discontinued operations accounting impact associated with the closure of the Liz Claiborne New York outlets, as well as the exit of the Liz Claiborne international concession business. Adjusted gross margin rate for the quarter was up basis points to We saw improvements in each of our business segments, the largest from Partnered Brands.

Importantly, the 2 direct brand segments also realized improved gross margins despite the pressure from significant cotton price increases. While we had growing margin pressure from those increases, we also realized higher full price sell throughs, which more than offset those pressures. Turning now to the balance sheet on Page 6.

Flipping to Page 7. You can see an adjusted net sales bridge from the first quarter to first quarter As I said before, the greatest change in the adjusted net sales line for the quarter was the change in the business model for the Liz Claiborne brand. All 3 business segments realized margin rate expansion for the quarter. For Domestic Based Direct Brands, the rate was up 86 basis points to For International Based Direct Brands, the rate was up basis points to And the Partnered Brands rate was up 1, basis points to

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I thought I had to buy it again which would cost extra money. Instead, I downloaded it from my personal cabinet. Easy and smooth, as always!

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