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<TABLE>
CONSOLIDATED BALANCE SHEETS
Dollar amounts in thousands except per share data

<CAPTION>

                                                                February 1,   February 3,
                                                                   1997           1996
                                                               -------------------------
<S>                                                             <C>             <C>  
ASSETS
------   
CURRENT ASSETS:
    Cash and cash equivalents                                   $ 12,348        $ 14,865
    Customer accounts receivable - net                            97,274          73,758
    Merchandise inventories                                      161,230         143,526
    Deferred catalog costs                                         9,566          12,757
    Due from affiliates                                            4,978           4,008
    Deferred income taxes                                          3,319           3,121
    Prepaid and other current assets                              23,088          23,250
                                                                ------------------------
       TOTAL CURRENT ASSETS                                      311,803         275,285

PROPERTY AND EQUIPMENT - net                                     170,805         154,160

GOODWILL - net                                                    42,233          43,577

INTANGIBLES - net                                                  1,789           4,189

TRADEMARKS - net                                                  87,805          90,189

DEFERRED INCOME TAXES                                              7,354           4,711
                                                                ------------------------

TOTAL ASSETS                                                    $621,789        $572,111
                                                                ======================== 

LIABILITIES AND STOCKHOLDERS' EQUITY
------------------------------------
CURRENT LIABILITIES:

    Notes payable to banks                                      $ 24,000        $ 24,000
    Accounts payable                                              54,658          44,331
    Accrued liabilities                                           48,703          45,593
                                                                ------------------------
       TOTAL CURRENT LIABILITIES                                 127,361         113,924

LONG-TERM DEBT                                                    50,000          50,000

DEFERRED RENT UNDER LEASE COMMITMENTS                             12,969          10,148

COMMITMENTS

STOCKHOLDERS' EQUITY:
    Common stock, $0.01 par value; 40,000,000 authorized;
      34,928,092 shares and 34,910,826 shares issued,
      respectively, and 32,916,257 shares and
      33,637,826 shares outstanding, respectively                    349             349
    Additional paid-in capital                                   286,874         286,472
    Retained earnings                                            207,433         155,092
    Cumulative foreign currency translation adjustment            (1,154)         (1,337)
    Deferred pension cost                                                           (470)
    Restricted stock award                                        (1,164)         (1,801)
    Treasury stock, at cost                                      (60,879)        (40,266)
                                                                ------------------------
       TOTAL STOCKHOLDERS' EQUITY                                431,459         398,039
                                                                ------------------------

    TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                  $621,789        $572,111
                                                                ======================== 
</TABLE>



                See notes to consolidated financial statements.



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<TABLE>
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
Dollar amounts in thousands except share data

<CAPTION>
                                                                          Cumulative
                                                                            Foreign
                                    Common Stock     Additional            Currency    Deferred                          Total
                                  ------------------   Paid-in  Retained  Translation  Pension  Restricted  Treasury  Stockholders'
                                   Shares     Amount   Capital  Earnings   Adjustment    Cost   Stock Award   Stock      Equity
                                  ------------------------------------------------------------------------------------------------ 

<S>                               <C>          <C>    <C>        <C>          <C>       <C>        <C>       <C>        <C>     
BALANCE AT JANUARY 29, 1994       34,907,494   $349   $286,387   $53,264      $167      ($372)     ($3,076)             $336,719

Net income                                                        54,457                                                  54,457

Cash dividends paid                                               (6,283)                                                 (6,283)

Amortization of restricted 
  stock award                                                                                          638                   638

Stock options exercised, 
  including tax benefit                1,000                22                                                                22

Other equity transactions                                                      168       (127)                                41
                                  ------------------------------------------------------------------------------------------------ 

BALANCE AT JANUARY 28, 1995       34,908,494    349    286,409   101,438       335       (499)      (2,438)              385,594

Net income                                                        62,600                                                  62,600

Cash dividends paid                                               (8,946)                                                 (8,946)

Amortization of restricted 
  stock award                                                                                          637                   637

Stock options exercised, 
  including tax benefit                2,332                63                                                                63

Purchase of 1,273,000 shares of
  common stock                                                                                               ($40,266)   (40,266)

Other equity transactions                                                   (1,672)        29                             (1,643)
                                  ------------------------------------------------------------------------------------------------ 

BALANCE AT FEBRUARY 3, 1996       34,910,826    349    286,472   155,092    (1,337)      (470)      (1,801)   (40,266)   398,039

Net income                                                        63,621                                                  63,621

Cash dividends paid                                              (11,280)                                                (11,280)

Amortization of restricted 
  stock award                                                                                          637                   637

Stock options exercised, 
  including tax benefit               17,266               402                                                               402

Purchase of 738,835 shares of
    common stock                                                                                              (20,613)   (20,613)

Other equity transactions                                                      183        470                                653
                                  ------------------------------------------------------------------------------------------------ 

BALANCE AT FEBRUARY 1, 1997       34,928,092   $349   $286,874  $207,433   ($1,154)        $0      ($1,164)  ($60,879)  $431,459
                                  ================================================================================================

</TABLE>





                See notes to consolidated financial statements.





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8. INCOME TAXES

<TABLE>
The provision for income taxes for the years ended February 1, 1997, February 3,
1996, and January 28, 1995, consists of the following:

<CAPTION>
                                                        Year Ended
     --------------------------------------------------------------------------
                                         February 1,    February 3,  January 28,
                                            1997             1996       1995
     --------------------------------------------------------------------------
     <S>                                  <C>             <C>           <C>    
     Currently Payable:
         Federal                          $37,089         $33,448       $29,726
         State                              5,579           7,768         7,194
     --------------------------------------------------------------------------
     Total currently payable               42,668          41,216        36,920
     Deferred:
         Federal                           (1,508)            354            88
         State                               (174)            163          (232)
         Foreign                           (1,159)
     --------------------------------------------------------------------------
     Total deferred                        (2,841)            517          (144)
     --------------------------------------------------------------------------
     Total income tax expense             $39,827         $41,733       $36,776
                                          =====================================   
</TABLE>


<TABLE>
The effect of temporary differences which give rise to deferred income tax
balances at February 1, 1997 and February 3, 1996, respectively, are as follows:

<CAPTION>
                                                    February 1, 1997                     February 3, 1996
    --------------------------------------------------------------------------------------------------------------- 
                                            Assets    Liabilities      Total       Assets     Liabilities    Total
    --------------------------------------------------------------------------------------------------------------- 
    <S>                                   <C>                        <C>          <C>                       <C>    
    UNITED STATES:
     Current:
       Merchandise inventories            $    813                   $   813      $ 1,405                   $ 1,405
       Deferred catalog costs                          ($ 2,021)      (2,021)                 ($ 2,385)      (2,385)
       Accrued vacation pay                  1,645                     1,645        1,430                     1,430
       Deferred compensation                 2,621                     2,621        2,293                     2,293
       Other                                 1,968       (1,707)         261        1,997       (1,619)         378
    --------------------------------------------------------------------------------------------------------------- 
    Total current                            7,047       (3,728)       3,319        7,125       (4,004)       3,121
    --------------------------------------------------------------------------------------------------------------- 

    Noncurrent:
       Depreciation & amortization           1,322                     1,322           77                        77
       Lease commitments                     3,986                     3,986        3,219                     3,219
       Other                                 1,977       (1,090)         887        2,204         (789)       1,415
    --------------------------------------------------------------------------------------------------------------- 
    Total noncurrent                         7,285       (1,090)       6,195        5,500         (789)       4,711
    --------------------------------------------------------------------------------------------------------------- 

    FOREIGN:
    Noncurrent:
       Subsidiary tax loss carryforwards     3,424                     3,424        2,723                     2,723
       Less: valuation allowance            (2,265)                   (2,265)      (2,723)                   (2,723)
    --------------------------------------------------------------------------------------------------------------- 
    Total noncurrent                         1,159            0        1,159            0            0            0
    --------------------------------------------------------------------------------------------------------------- 
    TOTAL DEFERRED INCOME TAXES           $ 15,491     ($ 4,818)     $10,673      $12,625     ($ 4,793)     $ 7,832
                                          =========================================================================

</TABLE>



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