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The materials on this website have been prepared for informational purposes only and should not be considered a solicitation to buy or sell any security. The statements and opinions expressed on this website are those of SW Retail Advisors Inc and Stacey Widlitz, individually, and all opinions are reflective of judgments made on the original date of publication. Widlitz is the President and founder of SW Retail Advisors Inc., an independent consulting firm. Statements made herein are statements of opinion and not statements of fact. The content of the materials herein may be derived from third party research reports, notes, or analyses. Certain information contained herein have been obtained or derived from sources believed to be reliable, but neither Widlitz nor SW Retail makes any representation as to their timeliness, accuracy or completeness or for their fitness for any particular purpose. Any opinion or statement are not recommendations to purchase, hold, or sell any securities or to make any investment decisions, and do not address the suitability of any security. The information and material presented on this website are for general information only and do not specifically address individual investment objectives, financial situations or the particular needs of any specific person who may read this website. Nothing in this website constitutes individual investment, legal or tax advice. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Widlitz & SW Retail is not a member of FINRA, or affiliated with a FINRA member, is not a registered broker dealer or a registered investment advisor. Widlitz & SW Retail makes no representation regarding the advisability of investing in any security. A decision to invest in any security or other investment vehicle should not be made in reliance on any of the statements set forth on this website. THE CONTENT IS PROVIDED ON AN “AS IS” BASIS. Widlitz & SW Retail does not assume any obligation to update the content following publication in any form or format. Widlitz & SW Retail does not guarantee accuracy or make warranties regarding results from its usage. In no event shall Widlitz [nor SW Retail] be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs) in connection with any use of the content even if advised of the possibility of such damages. Widlitz [and/or SW Retail] may hold or trade positions in securities of companies discussed on the website. Widlitz [and/or SW Retail] will disclose whether she or it has a position in the equity of the companies discussed, but will not disclose the size or direction of such position. Widlitz does not receive compensation from any source in connection with the postings made on this website. SW Retail, an independent consulting firm, is not compensated in connection with this website; however, SW Retail receives fees from its clients which consist of financial institutions and retail corporates for SW Retail’s independent third party market research newsletter about retail companies provided to them on a private subscription basis. Redistribution, reproduction and/or photocopying in whole or in part are prohibited without written permission. All rights reserved.

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