The Company has invested approximately $2.5 million in capital expenditures in the first six months of 2008, and expects to invest between $5.5 million and $6.5 million during the remainder of the year for information technology, two Tools for Living stores and select studio remodels.
Guidance: Design Within Reach is maintaining its earnings per share guidance of $0.03-$0.05. In light of the challenging economic environment, the Company believes revenue will be flat year over year.