Ed Larsen

Now, Betty we have communicated with our vendors that in this kind of credit environment we will not have LC’s available. So they are prepared to go open account 45 days throughout 2009. We have recast our cash flow financial statement, which reflects continued operations and we’ve consolidated all the discontinued down below and our free cash is an estimate right now, but it looks like our free cash flow would be about $20 million to $30 million mostly offsetting, at the end of the year would be approaching $80 million to $100 million.

Operator

Your next question comes from Barbara Wyckoff with Kempingham Research.

Barbara Wyckoff - Buckingham Research

Hi, Buckingham Research. Good job on streamlining efforts, improving products and execution.

Trudy Sullivan

Thank you, Barbara.

Barbara Wyckoff - Buckingham Research

Could you talk about your systems for running the business? I guess both in stores and direct-to-consumer do you think they are up to par and can you update us on how they stack up and then could you talk about the difference in performance. Was there any difference in the performance between the Missy business and the special size business? Thanks.

Trudy Sullivan

Well, I’ll let Ed comment on the systems, but I will tell you, our trend in our special size business both Petites and Women’s is pretty consistent with Missy. Maybe it’s just a little slightly stronger on the woman side, but they are all pretty consistent.

Ed Larsen

I would say we are very satisfied with our systems. If we started spending more money on systems, going back to Y2K would have made your upgrades to our financial systems; we’ve upgraded our PLS systems. We’ve always upgraded our merchandising systems; we’ve brought up ProfitLogic last year; our markdown optimization. So, we have key things on the slate for going forward; most of them in the area of sourcing and inventory management planning, but we are making good progress and we are satisfied. We have the tools to run the business where we think we need to run it.

Operator

Your next question comes from Richard Jaffe with Stifel Nicolaus.

Richard Jaffe - Stifel Nicolaus

Thanks very much guys. I guess I had just a quick book keeping question than a more substantial one. First, will you guys be providing restated numbers on a quarterly basis without men’s, kids, U.K. or J. Jill, so we can sort of have an apples-to-apples comparison going forward?

Ed Larsen

Yes, Richard. I mentioned in my script those will be on our website today. We are restating first quarter, second quarter, second quarter year-to-date and you’ll have third quarter, third quarter year-to-date and ’07. In fact Trudy just tells me they are already on our website; reclassifying kids, men’s, U.K. and J. Jill down to discontinued ops, so you can see that the pure Talbots brand going back.