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Ann: Leadership, Trading & Governance Update, page-9

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    yep it would. management is just coming up with excuses. i would only look at this if it went to 1.40 to 1 range. cause if they start closing store it will cut into sales and margins as well as termination fees for closing down stores. people who are buying have to be careful. it seems like the management would rather delegate the problem to external and ridiculous factors, rather than pin pointing on what is going on that can be fixed. when you start saying house prices going down is what is affecting people from buying groceries, you think you shareholders are pretty much stupid. i cant believe they would put such a statement out.
 
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