Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Scott Krasik – C.L. King & Associates, Inc.
Scott Krasik – C.L. King & Associates, Inc
David, I know you don't typically do this, but can you give us sort of a monthly progression during the quarter of the same store sales, and then give us some indication of where they've gone in November?
David A. Levin
No, we don't comment on current quarter. As Dennis said, we're seeing a continued shortfall in traffic and the same type of improvements we're seeing in conversion as we have in the second quarter, but I think it's consistent that things have not improved at all. Starting into the fourth quarter for us and what we've heard out there from everybody else we seem to be fairly consistent with what other retailers are reporting.
Scott Krasik – C.L. King & Associates, Inc
I mean some people are putting on minus 20s, is that consistent?
David A. Levin
No, but remember, they were coming from minus 15s or 12s. I mean I think our performance of minus 5 for Q3 was probably one of the better numbers out there.
Scott Krasik – C.L. King & Associates, Inc
So now, I mean, obviously the traffic is weaker than you expected when you had originally planned inventory and whatnot. Since you haven't been successful in the past, and I don't think most retailers will be, promoting to get traffic – the inventory, they're probably still going to be too high at the end of the year, or?
David A. Levin
No, I think I said that inventories should be down 5% to 10% less than year ago levels at the end of the year. We've been very aggressive and early to respond to the shortfalls in traffic and our merchandising teams have been very diligent in moving inventory. Again, one of the advantages we have at Casual Male is 50% of our inventory is core, which is programmable and that's very manageable for us to maneuver that inventory forwards and backwards. So our inventories look very good at this point in time, all things considered.
Scott Krasik – C.L. King & Associates, Inc
Dennis, without giving specific guidance, can you give us sort of a range of where you potentially see the cash flow coming in for the year and what sort of range we could apply to the debt?
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