The Company expects the remainder of 2016 to be marked by weak consumer demand particularly for Q2 and Q3 which are always the two slowest quarters for the Company and the fashion industry. The Company has been planning for a weak 2016 for the better part of 2 years and is very well positioned for this current downturn. Many major name brand competitors are currently in a significant store closings cycle and some have entered bankruptcy protection such as Aeropostale which filed in May of 2016.
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