Still not over sold. Picture $15 next quarter, then 12 and single digits in about 9 months if they don’t change. Stupid old people in managements don't realize that most young people don't buy at malls and stores anymore. ARO is bankrupt, AEO is hanging by the thread, ANF stores are empty and URBN is hardly meeting ends. I use to buy at all these stores 4 to 5 years ago. Now, 99% of my purchases are done from the comfort of my couch on an iPad including shoes, accessories, jeans, blazers, casual wear, etc. The best part of online shopping is huge savings with sales & promo coupons and free returns from front door pick ups. Online is the only possible future for retailers. Thats why companies like Amazon are thriving. GPS need to close 95% stores and put all they effort into online marketing and sales including partnering with top notch automated warehouse and shipping before its too late.