Last year, the company closed a net 79 stores as it launched amajor turnaround effort. By 2010, openings and closings likely willbe equal. "Our big store closings are done," Turner said. "We arelooking for opportunities to relocate stores, open new locationsand exit underperforming markets."
Total sales for the fourth quarter declined 7.8% from theprevious year to $436.7 million. Comparable store sales increased2.5%. For the quarter, net income was $13.7 million, versus a netloss of $58.7 million a year ago.
For the fiscal year, total sales declined 6.9% from 2007 to $1.5billion. The company reported a net loss from continuing operationsof $96 million, compared with a loss of $227.2 million the previousyear. The retailer operates more than 1,100 stores in 49 US states,Canada, Puerto Rico and Mexico.
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