Inventory Projections

CS: How many inventory turns do you have per year?
Hammond: Six to eight.

CS: Have your vendors helped you at all in your projections?
Hammond: We look to our vendors, who are mostly artists, to give us some feedback on how their creations have sold in other catalogs. Artists know their products better than we do. They have insights we couldn’t possibly have. We, as a catalog industry, can learn a lot just from listening to our vendors more.