We’ve been around a third of our overall business we’ve been importing over the past several years and that number has been holding relatively steady. What’s happened is as we have reduced our seasonal buys we have been doing some direct sourcing on other categories so I would expect that number to stay in the same range, 30% to 33%.
Anthony Lebiedzinski – Sidoti & Company, LLC
Okay. And lastly, with respect to rent expenses, you mentioned that you have a number of leases coming up for maturity, have you actually been able to renegotiate some leases this year? And if so, what kind of rent savings are you seeing now?
Darrell Webb
We have in fact been able to successfully reduce some rents and leases this year. I really would prefer not to get in to any specific details and I’m not sure I recall enough specific details to share with you. But, the answer is yes, we are seeing reductions.
Anthony Lebiedzinski – Sidoti & Company, LLC
Okay. My last question is what was your cash from operations for this year that you just reported.
James Kerr
I don’t have the cash flow statement in front of me, sorry.
Anthony Lebiedzinski – Sidoti & Company, LLC
Okay. Thanks.
James Kerr
Thanks Anthony.
Operator
Our next question comes from the line of Joan Storms with Wedbush. Your line is open.
Joan Storms – Wedbush Morgan Securities
Hi, good afternoon. I wanted to ask about sort of we heard over the holidays that people were making more gifts. It is sort of a low average ticket entertainment value and I was wondering if you could comment did that sort of continue in the post-holiday period and what your expectations are, it seems increased home nesting due to the macroenvironment? Do you think that would be a beneficiary thing, some continued growth in your core categories?
Darrell Webb
Right. We don’t have any specific research that tells us that’s going on, it’s more individual stories we hear about, we read about so we do believe that trend is taking place but I don’t have research today to back it up.
Joan Storms – Wedbush Morgan Securities |
