Let's start by talking about "R" Company. How would you describe the culture at Toys"R"Us and Babies"R"Us?

I would say we have an engaged environment where people are passionate about the Toy and Baby business, where they enjoy working together to solve challenges to improve our results. Ultimately, our culture has developed into a strongly collaborative one, where innovation and risk taking are encouraged, which means that both our business and our people flourish.