Laura believes that they have now proven the business can succeed regardless of the housing market. Home furnishings industry was essentially flat during the quarter, so all their growth was market share gains.

The answer to Sigman’s question probably sums everything up: Seeing broad based comp levers and very excited to see it across channels. Thrilled to see furniture recovering.

Hugely positive LT narrative change today: “A key shift in the plan is a near doubling of capital investment in retail, reflecting the meaningful opportunity we see to accelerate growth of retail stores”.

Comp was above expectations with an accelerating trend and all brands positive (for second consecutive quarter). Positive comps in both furniture and non-furniture.