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Retailers grow and die. I've been doing this almost 30 years now, which is amazing to me because I feel like in some ways, we're still just getting started.

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Businesses grow and they don't change enough and they decline over time. Retailers do that on a bit of a faster cycle.

I bet you that over time, because we come up with new ideas to grow sales, we end up with about the same number of people making more money.

Private brand's important. We invest in quality. We try to treat them like they really are brands, and not just some private label. But, you know, we wouldn't wanna see them continue to grow in percent of total too much. We would like for the brands to offer value to customers and have them grow.

Businesses that grow by development and improvement do not die. But when a business ceases to be creative, when it believes it has reached perfection and needs to do nothing but produce no improvement, no development, it is done.

We help Chinese companies grow their customers abroad. They use Facebook ads to find more customers. For example, Lenovo used Facebook ads to sell its new phone. In China, I also see economic growth. We admire it.

You just stay the course, and do what it is that you do, and grow while you're doing it. Eventually it will either come full circle, or at least you'll go to bed at night happy.