Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from David Mann - Johnson Rice & Company.
David Mann - Johnson Rice & Company
Jim, you just talked about key borrowing. Can you just give us a sense on how much you're, you know, what that net debt number would look like at peak?
James Delfs
David, we're probably going to peak in our net borrowings either later this week or early next week, and it will be just slightly higher than what it was at the end of the quarter.
David Mann - Johnson Rice & Company
In terms of your store base plans, I know you're not talking about really opening any, but can you just give us an update on if they're going to be any more closings and how many stores you anticipate in this tough environment will be losing money on a four-wall basis?
D. Hunt Hawkins
For '09 we anticipate closing approximately 10 stores.
Linda Farthing
And opening one store, David.
David Mann - Johnson Rice & Company
And then in terms of some of these SG&A initiatives, can you give us a sense in terms of, you know, should we expect your SG&A to be down a lot on an absolute dollar basis when we take out for some of those closings?
James Delfs
For the year, David, yes, our SG&A expenses are going to be less than they were last year.
David Mann - Johnson Rice & Company
No, I'm talking about for '09.
James Delfs
In '09, we'll give you an update of the saves as they occur. As [inaudible] said, the impact is going to certainly be more in '09 and it's going to be more in the latter half of '09 as supply chain goes into effect.
David Mann - Johnson Rice & Company
Can you give an update on how the DSW shoe departments are performing for you?
D. Hunt Hawkins
David, they're basically following our same sales trend.
Operator
(Operator Instructions) Your next question comes from Robin Murchison - Suntrust Robinson Humphrey.
Robin Murchison - Suntrust Robinson Humphrey
I wanted to ask you a couple of questions, if I can push a little bit on this change in terms of distribution from drop ship. Is there anyway you can put color around in terms of helping us try to figure out how much benefit this could be?
Linda Farthing
- To read the full transcript on Seeking Alpha, click here »
