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big potential for Ivanka in apparel. We continue to invest in personnel and development for this important fashion brand. Ivanka Trump showrooms will be opening in the beginning of the fourth quarter.As you know, our biggest business is still outerwear, which we started shipping toward the end of second quarter. With approximately 30 licensed, owned and private label brands and a presence at every tier of retail, from luxury to mass market, we're the dominant resource in this category. We believe we've planned the outerwear season well and it'll continue to be a strong and stable business for us.I'll reserve a few comments for closing, and now I'll turn the call over to Neal.Thank you. Net sales for the quarter ended July 31, 2013 increased 21% to $304 million from $251 million in the same period last year. Net sales of licensed products increased to $202.5 million from $178.4 million, driven by increased sales of Calvin Klein licensed product, primarily in our women's suits and sportswear lines. Net sales of non licensed product increased to $70.4 million this quarter from $48.3 million in the comparable quarter of last year. This increase is primarily attributable to the addition of net sales from our Vilebrequin business acquired in August 2012.Net sales of our retail operations increased to $41.1 million from $32.9 million in the prior year second quarter as a result of a combination of a higher store count, as well as a comparative store sales increase of 13.7%.III Apparel Group Management Discusses Q1 2014 ResultsWelcome to the First Quarter Fiscal 2014 G III Apparel Group Earnings Conference Call. My name is Larissa, and I'll be your operator for today's call. Instructions Please note this conference is being recorded.Thank you. Before we begin, I would like to remind participants that certain statements made on today's call and in the Q session may constitute forward looking statements within the meaning of the federal securities laws. Forward looking statements are not guarantees, and actual results may differ materially from those expressed or implied in forward looking statements. Important factors that could cause actual results of operations or the