Williams-Sonoma ( NYSE: WSM ) Q4 2010 Earnings Call March 15, 2011 10:00 AM ET Executives Stephen Nelson - Director of Investor Relations Laura Alber - Chief Executive Officer and President Pat Connolly - Chief Marketing Officer, Executive Vice President, Director and Member of Incentive Award Committee Sharon Mccollam - Chief Operating Officer, Chief Financial Officer, Principal Accounting Officer and Executive Vice President Analysts David Magee - SunTrust Robinson Humphrey, Inc. Peter Benedict - Robert W. Baird & Co. Incorporated Christian Buss - ThinkEquity LLC Bradley Thomas - KeyBanc Capital Markets Inc. Matthew McGinley Matthew Fassler - Goldman Sachs Group Inc. Christopher Horvers - JP Morgan Chase & Co Austin Pauls Anthony Chukumba - BB&T Capital Markets TJ McConville Matt Nemer - Wells Fargo Securities, LLC Colin McGranahan - Sanford C. Bernstein & Co., Inc. Brian Nagel - Oppenheimer & Co. Inc. Neely Tamminga - Piper Jaffray Companies Operator Ladies and gentlemen, thank you for standing by.