Question-and-Answer Session
Operator
[Operators Instructions]. You first question comes from the line of Gary Balter of Credit Suisse. Please proceed.
Gary Balter - Credit Suisse
Thank you and congratulations on a great quarter. Could you just talk? few people called us on the inventory being up 30% with the built up 18 and you have put in the press release that it’s in line with your expectation, could you talk about where that inventory is?under which categories?
William J. Colombo - President and Chief Operating Officer
Well, it’s really across the board, Gary, because one of the biggest issues on a shifted basis is relatively flat; when you include Golf Galaxy also. But with Thanksgiving a week earlier this year than last year, we have brought inventory in earlier to accommodate that and if you are back that out it’s relatively flat with last year, so there’s really no inventory issue, there is no mark down pressure coming, the inventory is really in terrific shape.
Gary Balter - Credit Suisse
Yes, I visited, I was actually in Ithaca yesterday, visited your store there and clearance looked real minimal so?
William J. Colombo - President and Chief Operating Officer
Yes. On a per square foot basis, our clearance is roughly 4% less than it was last year at the same time.
Gary Balter - Credit Suisse
That’s great, just out of curiosity, you have rights to the Umbro name and obviously Nike bought out Umbro. How does that? that’s a great position for you to be in. What does that allow you to do now in terms of furthering your relationship with Nike and building up Umbro?
William J. Colombo - President and Chief Operating Officer
Well, we have got a ... we have and continue to have a great relationship with Nike, they are terrific partners. The fact that they have bought Umbro, what they have indicated is it’s going to be run as a separate business out of England and we don’t see any real change.
Gary Balter - Credit Suisse
Okay.
William J. Colombo - President and Chief Operating Officer
I think that Nike buying Umbro is only positive but we don’t see any real change in this right now.
Gary Balter - Credit Suisse
And last and I’ll let somebody else ask. You are in great shape and you mentioned your inventory is in great shape, when you look around your industry, sports authority or anybody else you are continuing with, are they?are you seeing clearance sales coming from them or anything that implies potential price pressures or not?
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