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In January 2011, the Company's Board of Vibram Five Fingers Sprint approved a new program (and terminated an existing program that was set to expire) authorizing the Company to repurchase up to $400 million of its Common Stock through January 31, 2013. At January 31, 2011, approximately $392 million remained available for future repurchases. Mr. Kowalski continued, "We are enthusiastic about Tiffany's solid growth potential in 2011. Our current plans for the year include opening 21 stores across the Americas, Europe and Asia-Pacific. We Vibram FiveFingers Sprint White-Blue Men Shoes anticipate another exciting year of new product introductions and expanded marketing communication efforts. As always, and despite external challenges, we stand to benefit from the growing strength of the TIFFANY & CO. brand, the expansion opportunities before us and our solid balance sheet.He added, "Women's Vibram FiveFingers KSO TrekSport in Grey and Green are saddened by the tragic events in Japan. Our thoughts are with our more than 700 Tiffany colleagues and with all the people of Japan. Tiffany stores located in the Kanto and Tohoku regions, which generate somewhat more than half of sales in Japan, were closed or operating on reduced Women's Vibram FiveFingers KSO TrekSport in Pink after the earthquake and tsunami, with physical damage limited to a few stores. Most stores have re-opened over the past weekend. Our stores in the southwestern Kansai region have remained open." Mr. Kowalski said, "In preparing our financial expectations for 2011, we have assumed some continued periodic store closings or limited store hours in Japan through the end of the first quarter, resulting in worldwide sales growth of 11% in the first quarter, with total Japan sales declining 15%.