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We will continue with this campaign in 2017, with a dollar spend similar to 2016. Our second growth initiative is the expansion of our store fleet. We ended the year with 592 stores, adding 25 net new stores, averaging 51,000 square feet. We are very pleased with the performance of our new stores in our smaller formats. Stores less than 60,000 square feet achieved a sales productivity 17% above our comp base. In total, new and non-comp stores contributed an incremental $257 million to our 2016 net sales. We also completed 11 remodels and 25 refreshes. We will continue to remodel and refresh our store base as appropriate, to provide the best possible shopping experience for our customers.

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North Korean state media image purporting to show missile launch What is the Terminal High Altitude Area Defense System (Thaad)? Shoots down short and medium-range ballistic missiles in the terminal phase of their flight Uses hit-to-kill technology - where kinetic energy destroys the incoming warhead Has a range of 200km and can reach an altitude of 150km US has previously deployed it in Guam and Hawaii as a measure against potential attacks from North Korea 1. The enemy launches a missile 2. The Thaad radar system detects the launch, which is relayed to command and control 3. Thaad command and control instructs the launch of an interceptor missile 4. The interceptor missile is fired at the enemy projectile 5. The enemy projectile is destroyed in the terminal phase of flight The launcher trucks can hold up to eight interceptor missiles. The Thaad deployment, originally agreed under the Obama administration, has proved controversial. South Koreans living in areas which will host defence batteries are concerned they could become targets, while China has said its radar capabilities go far beyond what is required for defence and represents an encroachment of US military power. A foreign ministry spokesman said China will "resolutely take necessary measures to defend our own security interest".

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