Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from the line of Jeff Black - Lehman Brothers
Jeff Black - Lehman Brothers
Dan could you just remind us as you look at things in a slower revenue picture what the status or fate of spa is going to be and then as you look at your store base and your fleet, are there any places or classes of stores, certain stores where you feel like they may not be generating the productivity levels that you need and where we could relocate and maybe even pare back some.
Daniel Griesemer
As we’ve indicated several times and really for probably the last three or four calls, it is our intention to give a more robust view of what our plans are for the spa business sometime in the middle of the year with probably the conclusion of the second quarter results. There is really no change in what we’ve said each time in that the experience remains exceptional—the experience being provided to our customers, the brand support that the spas provide. The question is, is it an investible proposition where we want to have more and that’s the piece that we’ll be letting you know sometime in the middle of the year.
With regards to the fleet, we’ve also indicated this before, there are no stores, no category of stores, age, size or venue type that really have any kind of deviant behavior to the total. We are really looking at the whole assortment of stores and none are in risk of impairment, all are profitable on a four-wall basis so there really isn’t anything significant there from a store type.
Operator
Your next question comes from the line of Michelle Tan – Goldman Sachs
Michelle Tan – Goldman Sachs
I was wondering if you could refresh our memory on how you’re planning the back half of the year versus how you planned the first half, it seemed like you came into the first quarter assuming a pretty dire case for the beginning of the year, and just trying to remember where the big opportunities are as you’re planning the back half of the year a little bit better, and then also just an update on the productivity of the new stores, how that’s going and relative to the kind of productivity levels you saw in your new stores a couple of years ago.
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