In twenty minutes, you and your kids could watch two thirds of a sitcom, lose $7 or $8 at a video arcade, or be halfway to Anthony's Nose. It's up to you. This being a hiking guide, we'll elaborate on the third option. You follow the famous Appalachian Trail for the first 0.5 mile, and then a gently rising woods road brings you to the tip of the big guy's nose. (Who was Anthony and why is this place named after his nose? There are many stories, but in truth, nobody really knows.) Here, the kids will have a giant's perspective on two impressive sights, one natural and one man made: Bear Mountain and the bridge of the same name that spans the Hudson River. Bring binoculars to survey the countryside, extra shoes for wading in the frog pond, and containers for collecting blueberries at the summit (if you hike in midsummer). In twenty minutes, you and your kids could watch two thirds of a sitcom, lose $7 or $8 at a video arcade, or be halfway to Anthony's Nose. It's up to you. This being a hiking guide, we'll elaborate on the third option. You follow the famous Appalachian Trail for the first 0.5 mile, and then a gently rising woods road brings you to the tip of the big guy's nose. (Who was Anthony and why is this place named after his nose? There are many stories, but in truth, nobody really knows.) Here, the kids will have a giant's perspective on two impressive sights, one natural and one man made: Bear Mountain and the bridge of the same name that spans the Hudson River. Bring binoculars to survey the countryside, extra shoes for wading in the frog pond, and containers for collecting blueberries at the summit (if you hike in midsummer). We entered the trail on the side of a side and followed markings on the trees (white paint) After about 45 50 Minutes of fairly steep climbs, we reached the beginning of light blue markings, passing a pond and the highest point (not sure if this is engagement rock?) Dark blue paint and trail markers led us to Anthony's Nose. Retrace the steps back to return . On the descent, be sure to have a walking stick especially if you have difficulty descending. Had a great hike, great workout, and would absolutley do it again! (I bet the views are better when the leaves arent in the way) 136064 406 Air Jordan 3 Powder Blue Dark Powder Blue Black Wolf Grey White ,543390 127 Women Size Air Jordan 6 GS Grape 130207 101 Air Jordan 1 94 Retro White Black Red Air Jordan 6 Rings Black Varsity Royal Air Jordan Winterized 6 Rings Cool Grey Chlorine Blue Air Jordan 6 Rings Black Dark Charcoal Air Jordan 5 Premio Black Black Metallic Silver 395709 701 Air Jordan 2 II Retro QF Candy Pack Del Sol White Black 136027 035 Women Size Air Jordan 5 Oreo Black Cool Grey White 378037 041 Nike Air Jordan 11 Space Jams 2009 Good afternoon, everyone, and welcome to Shoe Carnival's Fiscal Year 2012 Fourth Quarter Earnings Conference Call. Today's call is being recorded and is also being broadcast via live webcast. Any reproduction or rebroadcast of any portion of this call is expressly prohibited. This conference may contain forward looking statements that involve a number of risk factors. These risk factors could cause the company's actual results to be materially different from those projected in such statements. These forward looking statements should be considered in conjunction with the discussion of risk factors included in the company's SEC filings and today's press release. Investors are cautioned not to place undue reliance on these forward looking statements, which speak only as of today's date. The company disclaims any obligation to update any of the risk factors or to publicly announce any revisions to the forward looking statements talked about during this conference call or contained in today's press release to reflect future events or developments. In the company's earnings release and in their prepared remarks on this call, the company will refer to adjusted earnings per diluted share for the fourth quarter of fiscal 2012, which financial measure has not been calculated in accordance with United States' generally accepted accounting principles or GAAP. This non GAAP measure eliminates the impact of the special cash dividend paid by the company in December 2012 to earnings per diluted share in that quarter. The company believes that adjusted earnings per diluted share for the fourth quarter of fiscal 2012 is a useful measure of its performance and allows the company and investors to analyze the financial and business trends related to the company's results of operations separate from the impact of the special cash dividend. More information on this non GAAP financial measure, including a reconciliation to the company's GAAP results, is included in the company's earnings release. I will now turn the call over to Mr. Cliff Sifford, President, Chief Executive Officer, for opening comments. Mr. Sifford, please begin. Thank you, and welcome to Shoe Carnival's Fourth Quarter and Fiscal 2012 Earnings Conference Call. Joining me on the call today are Kerry Jackson, Senior Executive Vice President, and Chief Operating and Financial Officer; and Tim Baker, Executive Vice President of Store Operations. Before we begin, I'd like to remind everyone, fiscal 2012 consisted of 53 weeks while fiscal 2011 consisted of 52 weeks. References to annual comparable store sales for the comparable 52 week period ended January 26, 2013. In addition, the fourth quarter of 2012 consisted of 14 weeks, while the fourth quarter of 2011 consisted of 13 weeks. References to fourth quarter comparable store sales are for the comparable 13 week period ending January 26, 2013. For today's call, I'll review the company's overall performance and provide some insight into the coming year, and Kerry will review the financial side of the business. We will then open the call to take your questions. As you're all aware, the fourth quarter was a tough one for us, but we still reported record sales and earnings after for the year. After posting record earnings for the first 3 quarters of 2012, we experienced unseasonably warmer weather from the first week of November through the third week of December, and this played a major role of suppressing sales of seasonal product in the fourth quarter. Once more seasonal weather arrived in the latter part of December through January, sales of seasonal product escalated. The government's delay to act on tax policy and their subsequent decision to raise payroll tax withholding rates had an immediate impact on our consumers. The decision the IRS made to delay accepting tax returns until January 30 also had an immediate and calculable impact on our sales results for the last 10 days of the quarter. And as a result, comparable store sales for the fourth quarter increased only 0.5%. Although traffic for the quarter was down mid single digits and conversion was down approximately 1%, our average transactions were up mid single digits, driven entirely by average unit retail. Our merchants did a good job of managing through the seasonal product and, as a result, the gross profit margin of 29.3% was 100 basis points higher than the fourth quarter last year. Unfortunately, we were not able to leverage our expense structure under this lower than anticipated sales volume and reported adjusted earnings per diluted share of $0.16 as comparable to last year. GAAP earnings per diluted share for the fourth quarter of fiscal 2012 were $0.13. Kerry will provide more detail on the difference between the GAAP and the adjusted earnings per diluted share. While we are disappointed on our fourth quarter results, we're very proud of our many achievements in fiscal 2012. Achieving $855 million in sales was a record. Our operating income was 14% higher than our previous record high in fiscal 2010, and our $1.43 in diluted earnings per share was 4% higher than our previous record in fiscal 2010. These results were driven primarily by our 4.5% comparable store increase along with a 63 basis point improvement in gross margin as compared to the same period last year. The past 3 years represent the first , second and third highest earnings per diluted share in the company's history. Our customers continue to respond well to our business model of providing the right product assortment for the entire family at a compelling value. Our positive sales results for the year were broad based, with every major department reporting a comparable store sales increase. The best performing categories were sport casuals for men and women, along with athletic for men, women and kids. We ended the year with inventory up approximately 6.7% on a per store basis due to the combination of higher average unit costs, a later Chinese New Year which forced us into January deliveries of Easter shoes, product for our 12 new stores that opened in March of 2013, as well as a decrease in athletic sales the last 2 weeks of the year. Our merchants continue to do a good job of managing our overall inventory. Moving on to merchandise. In our women's nonathletic department, comparable store sales for the fourth quarter were down low single digits, with losses incurred in dress shoes, tailored casuals and boots. Looking further at our boot performance, we grow very strong increases in the riding boots, western boot and booty classifications. Increases in these classifications were not enough to overcome the loss in sport boots and weather boots. It is important to point out that our women's boot inventory, excluding western, ended the quarter down in the mid teens. Dress shoes continue to be a challenge as pumps seemed to be the only category that is showing consistent strong growth. We're continuing to see nice comparable store sales increases from nautical, vulcanized canvas and molded footwear. For the fiscal year 2012, women's nonathletic comparable store sales were slightly positive. With the addition of our new GMM, Carl Scibetta, to our executive team, we are strategically analyzing the product offering in our women's nonathletic department. During 2012, we conducted quite a bit of research on our customer that pointed to a void we believe we can successfully fill. To begin that process, we have identified about 20% of our stores where we will begin to test better brands, which offer great fashion right product at price points that will be compelling to the mom we know is shopping for her husband and children. We are in the process of designing a visual program that will highlight this product for the customer as soon as she enters our store. We are very excited about the opportunity to capture this important customer who is already shopping in our stores for her athletic shoes and for her family. For competitive reasons, I won't identify the brands we are adding but product will begin arriving for third quarter sales, and we will keep you posted on the progress. In our men's nonathletic department, we ended the quarter with a very low single digit decline on a comparable basis. This loss was driven entirely by low double digit loss in the fashion boot categories. Sandals, nautical and western boots all posted double digit sales increases on a comparable basis. For the fiscal year 2012, men's nonathletic comparable store sales increased low single digits. Our children's business ended the quarter with mid single digit comparable store sales increase. This increase was driven primarily out of girls' and boys' athletic. In addition, we also saw increases in the sandal and girls' campus casual categories. For the fiscal year of 2012, children's comparable store sales increased high single digits. In adult athletics, comparable store sales were up low single digits for the quarter. The classification of product driving the gains in adult athletic for the fourth quarter were women's skate, men's and women's performance running and men's retro basketball. Color continues to perform, and we continue to like the excitement it brings to our assortments. For the fiscal year of 2012, adult athletics comparable store sales increased mid single digits. 136064 406 Air Jordan 3 Powder Blue Dark Powder Blue Black Wolf Grey White,Finally, it's time to get the word out about your big day! Beach wedding invitations that fit the budget and that fit the part too is what's needed here. But how do you choose the perfect beach wedding invites especially when there's so many styles to pick from.? Find out here! 1. I'm Lost for Choice! The first thing I always like to ask clients is, "What's the general theme of your beach wedding going to be? You HAVE been following all the other steps I've laid out, haven't you? Good. 'Cause what you wanna do is match the style of your wedding to your beach wedding invites. Believe me, this'll cut down on the vast array of choices out there, girls. 2. What Does this Mean Exactly.? Well, if your wedding is going to be casual, the beach wedding invitations should be just that. And if it's more formal, yep, choosing something more elegant is best. Some of my fav. invites to choose from right now are: horses, fish and sea shells. These go really well with the beach theme, girls. 3. Can you Give us some Specifics? Sure. I went for casual yet formal at my own beach wedding, so what I did was get a picture of a beach with the sun setting in the back ground printed on the cards. And inside, we got a poet to wright the wording for both of us. Either try this, or get an invitation designer to designer to do the whole thing for you. 4. Any other tips.? Start shopping early! You'd be surprised at just how busy companies get in the summer time. So plan ahead if you want something unique. That way, the best ones won't be snatched up already. And your guests will receive their beach wedding invitations on time!.
Original 136064 406 Air Jordan 3 Powder Blue Dark Powder Blue Black Wolf Grey White,Women Size Air Yeezy 2 Red October 2014 Kanye West Shoes Byline: Jeannine Aversa Associated PressMoney is burning a hole in Americans' pockets. Once again, consumers in April spent nearly as much as they earned, helping to push the nation's savings rate to an all time low.Spending climbed 0.4 percent last month, a tad lower than the 0.5 percent increase in Americans' personal income, the Commerce Department reported Friday. The income figure includes wages, interest and government benefits.You can't underestimate the hedonism of the American consumer,'' said economist Mark Zandi of Regional Financial Associates in West Chester, Pa. But consumers have good reason to be out there spending. They've got jobs, their incomes are rising, confidence is high and the stock market is booming.''So far this year, Americans are spending more than they earned.Spending in March rose 0.5 percent, while income increased 0.3 percent. In February, spending went up 0.8 percent and income climbed 0.5 percent. In January, the increase in spending matched the increase in income at 0.6 percent.That trend dragged down the savings rate savings as a percentage of after tax income to a record low of minus 0.7 percent in April. Savings have now been in negative territory for five of the past six months.Consumers are trying to maintain their lavish spending habits by dipping into their savings once again, analysts said.Americans are enjoying the lowest unemployment rate in nearly three decades, and high demand for labor even labor shortages in some regions and industries such as construction is helping to boost wages. In April, wages rose 0.6 percent, after increasing 0.2 percent in March. 136064 406 Air Jordan 3 Powder Blue Dark Powder Blue Black Wolf Grey White The Rover 214 Cabriolet is a fast, sporty vehicle with an average fuel consumption of 33.7 MPG and a top speed of 107 MPH. However, since Rover automobiles are imports, professional service costs are relatively high; therefore it pays to carry out your own routine maintenance wherever possible. An important safety measure is checking and topping up the hydraulic brake fluid level from time to time, as brake fluid tends to drop as the brake pads and/or shoes wear. Loss of material causes the calipers and wheel cylinders to take up more fluid as they extend further to compensate. Keep a fresh container of hydraulic brake fluid on your garage shelf. If you have just purchased your supplies, allow the container to stand for a minimum of 24 hours to allow trapped air bubbles to dissipate before topping up the brake reservoir. Never use hydraulic fluid if the container lid has been left open. Glycol ether based hydraulic fluid is hygroscopic, so it tends to absorb moisture from the air. Any moisture in the system will corrode the brake and master cylinders, destroy seals, and eventually cause brake failure and possible injury or death. Check both the engine oil and hydraulic fluid levels on your Rover 214 every time you fill up with gas. If you need to add hydraulic fluid regularly, you probably have a leak in the system. Drive the car onto a pair of wheel ramps, chock the rear wheels, set the parking brake and inspect the system thoroughly. Look for oily stains on the brake pipes. Check tighten every hydraulic pipe union nut on all four wheels and around the master cylinder. Check tighten all brake bleed screws located on the brake cylinders on all four wheels. Start the engine and have an assistant press steadily down on the brake pedal. Run a final inspection to ensure that there are no more leaks before resuming regular use of the car. Check the condition of the brake fluid at least twice a year. Dip a piece of fresh wooden dowel into the reservoir before adding fluid. Remove the dowel and let the fluid drip onto a clean white rag. Inspect the fluid to ensure that it is transparent and uncontaminated. If you detect dirt in the fluid, you will have to drain and flush the system, and then bleed the brakes to prevent damaging the seals in the brake and master cylinders.
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