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August 14, 2012 9:30 am ET
Stephen I. Sadove - Executive Chairman and Chief Executive Officer
Kevin G. Wills - Chief Financial Officer, Principal Accounting Officer and Executive Vice President
Ronald L. Frasch - President and Chief Merchandising Officer
Charles X. Grom - Deutsche Bank AG, Research Division
Barbara Wyckoff - CLSA Asia-Pacific Markets, Research Division
Deborah L. Weinswig - Citigroup Inc, Research Division
Lorraine Maikis Hutchinson - BofA Merrill Lynch, Research Division
Paul Swinand - Morningstar Inc., Research Division
Matthew R. Boss - JP Morgan Chase & Co, Research Division
Kimberly C. Greenberger - Morgan Stanley, Research Division
Jennifer M. Davis - Lazard Capital Markets LLC, Research Division
Dana Lauren Telsey - Telsey Advisory Group LLC
Lizabeth Dunn - Macquarie Research
Michael Binetti - UBS Investment Bank, Research Division
Michael B. Exstein - Crédit Suisse AG, Research Division
Greetings, and welcome to the Saks Incorporated Second Quarter Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Steve Sadove, Chairman and CEO of Saks Incorporated. Thank you, sir. You may begin.
Stephen I. Sadove
Thanks. Good morning. This is Steve Sadove, Chairman and CEO of Saks. I'm joined on the call today by Ron Frasch, our President; Kevin Wills, our CFO; and Julia Bentley, our SVP of Investor Relations. I'd like to thank each of you for taking the time to join us.
First, let me note that some of the comments on the call today, as well as some of the information presented in our release, related to future results or expectations, are considered forward-looking information within the definition of the federal securities laws. The forward-looking information is premised on many factors, and actual consolidated results might differ materially from projected information if there are any material changes in our assumptions or in the various risks related to our industry and our company. For a description of the risks and assumptions related to these projections, please refer to the release and our filings with the SEC, including our most recent Form 10-K/A.