We think there's a great global growth opportunity potential with some Tiffany Elsa Peretti Open Teardrop pendant the highest growth in our universe. When we look closely at the Tiffany story, we think there's a good unit and economic story overall with the business. Longer-term, we think the US could operate up to 150, up from 84 currently. And within Europe, we think they could be about 50 in six or seven years, up from Tiffany Atlas from where we are today, and China at least 30, if not more, in four to five years, up from about 13 currently. Tiffany also has some other strong emerging market potential in Russia and the Middle East, and we look forward to having -- we have the management team with us today.We've got Mike Kowalski, Chairman and CEO, Jim Fernandez, EVP and CFO, and Tiffany Elsa Peretti Open Wave earrings with us, VP of IR. With that, I'd like to turn it over to Mike. Thanks very much for being here. MIKE KOWALSKI, CHAIRMAN AND CEO, TIFFANY & CO.: Thanks very much, Bob, for inviting all of us here this afternoon. We are going to provide you with a brief update on Tiffany Elsa Peretti Open Wave pendant strategies, our global growth opportunities, and certainly leave plenty of time to answer your questions. Before continuing, the mandatory slide. Thank you. Last month, as you all know, we did report solid performance for Tiffany's in fiscal 2010. Net sales rose 14% to $3.1 billion, and that really was driven by strong results across most of our regions. Tiffany's operating margin, perhaps most significantly, rose by a full three points, reaching its previous historical peak level as we were successfully able to offset higher commodity costs with retail price increases and, of course, maintain strong expense control.
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