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We recognized that for our future, and for the way the customer was now shopping, we had to have one point of view. All roads lead back to the customer.

For what we want to accomplish in the future, we have to be able to view everything from the eyes of the customer.

We are now focused on the brand, not the channel.

What's changed in New York, and what made us really change our thinking about New York, is that the different neighborhoods are becoming more important as shopping destinations than they used to be.

Bergdorf Goodman is positioned at the very top of the luxury pyramid, and I think that as we go through this next phase of renovation, we're going to elevate it even further.

The demographics and the psychographics show that there should be, over the longer term, a continued growth in the numbers of customers who will be shopping for luxury goods, both domestically - as well, international tourists come to the United States.

There is no question that international tourism is on the rise - we see it at Bergdorf Goodman; we see it in Miami.

Two of our biggest stores are in Dallas NorthPark and Houston Galleria, where the economy and our customers' business interests are heavily dependent on the oil and gas industry.

I have admired Kevin Plank and Under Armour from afar. He has assembled an impressive team.

I am honored to join the Under Armour Board, and look forward to seeing how a founder and CEO operates a dynamic and fast-growing company known for innovation and its competitive edge.

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