The company's international business has been struggling mainly due to adverse currency fluctuations and weakness in the Japanese economy. Financial LE enjoys a healthy balance sheet with little need for outside financing. Its financial strength should enable it to be among the survivors in the consolidating retailing industry. At that time, the company's balance sheet was free of long-term debt. This year, outlays will be directed at investments in information technology.
Cash flow appears to provide the company with a sufficient source of liquidity.
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