Katherine Lawther Krill

What is different is new leadership and new design talent. That is what is different. As you know, Barbara, we have been – we’ve had a design opening since last January in the Ann Taylor division and we have just hired someone that I have wanted for a very long time. She is fantastic. She just started. Christine is the new President of the division. She’s been able to assemble, I think, an unbelievable team in very short order that will turn this business around and rejuvenate it and modernize it and really do it. We have been talking about it, but I think that it requires a fresh eye and really more objectivity with a new team that is going to get behind it and make it happen. I am very confident that this team is going to make it happen because they’ve already made a tremendous amount of progress.

Operator

Your next question comes from Michelle Tan with Goldman Sachs.

Michelle Tan - Goldman Sachs

Great. Thanks. I was wondering if you could give us a little more color on the difference between the total inventory per foot and what you are calling out at the divisions. It seems like still a big gap to just be represented by Loft Outlet. So what’s in that spread?

Michael J. Nicholson

I’m sorry. Can you clarify? It’s Mike.

Michelle Tan - Goldman Sachs

Yes. So you said in the release that the inventory per foot in total is down 10%. Right?

Michael J. Nicholson

Correct.

Michelle Tan - Goldman Sachs

If you look at the individual divisions at Ann Taylor you’ve got inventory per foot down 18% including beauty, right? And inventory at Loft down around 14% or 15%. So you know what else is in there?

Michael J. Nicholson

There’s a couple of drivers. Within those business units, it’s the impact of in-transit year on year as well as to your point, the incremental inventory in the current year period to support the launch of Loft Outlet as well as incremental inventory in the current year to support the Internet business.

Michelle Tan - Goldman Sachs

Okay. Can you give us a sense of how big those things are? And so in-transit is included in the total inventory per foot?

Michael J. Nicholson

Correct.