Jim Watkins: Yes, so it’s still a little early to give you all of those costs, because we haven’t built out the property yet and the space, but the number I just threw out there, $5 million to $6 million, would be the P&L expense for next year, and that includes the increased lease cost, and it’s important to point out that when we moved into this building that we’re currently in, several years ago were a much smaller organization, where we just don’t fit anymore, and so it will be a — it’s a bigger building. The lease costs are higher, just given that it’s a new lease as well. Included in that $6 million though is a period of some double rent, some depreciation that starts later in the year, and my expectation as we get into the following year, the $5 million to $6 million that will likely be a little bit lower than that kind of on a run rate basis as we will incur some costs that are more one-time in nature this year and moving.
So, again, the purpose of calling that out was that, we’ll have some benefits and — benefit in some of our supply chain costs to the tune of $6 million and a little bit of a drag due to the corporate office building of the SG&A line, it’s kind of a neutral between the two, but it may create a little geography work for you and your models and wanted to just make sure you are aware of that.
Jeremy Hamblin: Got it. That’s helpful. Best of luck.
Jim Watkins: Thank you.
Jim Conroy: Thank you.
Operator: Thank you. Our next question comes from the line of Jeff Lick with B. Riley Securities. Please proceed with your question.
Jeff Lick: Thanks for squeezing me in. Jim Conroy, I was wondering if — by my math, it seems like you’ve taken your Q4 guidance down by about $23 million, I’m just curious relative to when you previously gave kind of the implied guidance, maybe you can just elaborate on what’s changed in terms of your thoughts over that time period? And then another quick question would be, could you give us — as it relates to the new store openings and kind of non-traditional markets, I was wondering, usually you have a couple of good anecdotes like you did with Scottsdale, if there’s anything that just kind of shows how the concept is resonating in places like Connecticut or New Hampshire?
Jim Conroy: Well, I’ll take that one on new stores and Jim Watkins can take the one on the guidance for Q4. New stores are working pretty much everywhere in new markets and in legacy markets, I think the Phoenix/Scottsdale example that you might be alluding to is, we used to have four stores there, now we have eight stores there, and with more development opportunities in our view are still there, and those four stores used to — their volume has gone up, we’ve comped up while we’re adding stores there. So we’ve kind of learned that we continue to build our legacy markets and have it be net new business and not erode our comp. We’ve also been able to open up in the Northeast and have had some real nice successes in markets that wouldn’t traditionally be considered Western.
Jim Watkins: Yes, on the first part of your question, the change in the Q4 sales, the $23 million is really a function of — when we guided in November 2 on the — we have the October business done and we guided based off of kind of late September-October business, and unfortunately, things softened a little bit more on the sales trend as we got, particularly into December, more than what we had anticipated, and so we’ve — and January was softer than what we had anticipated also, so we’ve just rolled that forward based off of what we’ve seen in the recent business.
Jeff Lick: I’m assuming — I guess what I’m looking for is that’s primarily the Ladies’ business or what you’d call a discretionary fashion business.
Jim Watkins: Yes, I mean it’s kind of a broad-based, just lower than what we had thought, it’s not that that one business got significantly worse and everything else kind of stayed the same, but it’s more broad-based than that.
Jeff Lick: Okay, great. Thanks for taking my question and best of luck. Look forward to chat with you soon.
Jim Watkins: All right. Thanks, Jeff.
Operator: Thank you. As we’re coming up on the one-hour limit, our final question will come from the line of Mitch Kummetz with Seaport Global Securities. Please proceed with your question.
Mitch Kummetz: Yes, thanks for taking my questions. A few things, one, I was hoping to get a little bit more clarity on the January comp. I do appreciate the regional breakout given the weather, but Jim Conroy, I think you said that, like weeks one and four were pretty normal weather-wise across the country. When you sort of isolate those weeks, was your store comp kind of in that low-to-mid-single-digit range or is there anything more you can say about those sort of non-weather impacted weeks?
Jim Conroy: Yes. So, January in total was minus eight-ish and the non-weather impacted businesses were low-single-digit negative, and then of course, the others were double-digit negative with some markets just getting really, really hurt with the weather, so that’s the color I would provide.
