Mitch Kummetz - Robert W. Baird & Co.

Okay. All right, that’s all I had. Thanks.

Operator

Your next question comes from Julie Bryan of Jennifer Black & Associates.

Julie Bryan - Jennifer Black & Associates

Thank you. Yes, most of my questions have been answered but just a couple of details -- on the inventory, you all said that you were hoping to have it down by the high-single-digit per square foot at the end of the year, so relative to the year-ago inventories of $170 million, are we talking about -- is that all Pacific Sunwear so we are talking about $150 million to $160 million? And then considering the sales trends and the covenants that you made about ordering and inventory levels, should we -- are you planning to have that kind of year over year continue to decline? And lastly along with that, can you talk about any e-commerce initiatives that you have for next year to kind of more productively use your inventory and complement the stores?

Michael L. Henry

Well again, we’re not going to get into any specifics about next year’s sales plans or what have your or buy plans or anything of that nature but I think what you can infer from what we said is that we are expecting this environment to remain tough for some period of time and we are going to be planning our inventories to be at a level that’s consistent with that environment. So we do plan to end the year down high-single-digits on a per square foot basis. Depending on what you are looking at, if you are looking at our end-of-year inventory in the K last year, that still would have included some amount of demo because demo was not a discontinued operation yet, so the actual number, I would have to call you back and get you the specific number of what that might mean.

Julie Bryan - Jennifer Black & Associates

Okay, great. Thanks so much.

Operator

There are no further questions at this time.

Sally Frame Kasaks

Thank you very much. Anything else? Very good. Thank you all for being on the call today.

Operator

This concludes today’s conference call. You may now disconnect.