“I think it has proven to be very transferable internationally. Sales performance in the international markets has been
spectacular. Warehouses are achieving comps [comparative store sales] north of 20 and 30 percent for those stores in
the comp base… What does make overseas expansion difficult, particularly in Asia, is the ability to secure a parcel of
real estate large enough to accommodate a warehouse. However, the company has been creative and opportunistic in
this regard.”
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