Exhibit 99.3

Summary of question and answer session:

1.   You have  indicated  that you expect sales and earnings to increase  15-18%
     for the full year.  Can you  elaborate  on the gross  margin and  operating
     expense guidance?

         Management expects gross margin to improve 10 to 30 basis points.  This
         expectation  reflects  lower  purchase  markup and higher  distribution
         expense as a percentage  of sales to be offset by lower  transportation
         expense and lower markdown expense, both as a percentage of sales.

         Operating  expense  leverage  for the year  will  depend  on the  sales
         increase.  Management  believes  that a potential  range for  operating
         expense as a percentage of sales could be 20.25% to 20.45%.  As part of
         our focus on retailing basics, district managers will work closely with
         store managers to assist in scheduling  store labor to accommodate  the
         work and customer flow. Our store processes have changed as our mix has
         shifted toward highly consumable merchandise over time. Accordingly, we
         need to  ensure  we  schedule  store  labor  to meet  the  needs of our
         customers and employees alike.

         Management also expects  interest for the year to be $15-20 million and
         inventory to increase 10-15% in 2001.

2.   You have indicated that you expect to open 600-700 new stores in 2001. What
     new markets will you enter and how many stores will you close?

         The Company  will open new stores in New York and New Jersey this year.
         Management expects to close 40-60 stores in 2001.

3.   Is there  anything that would  prevent the Company from  achieving a profit
     margin of 9%?

         Management  believes that the opportunity  exists for operating  profit
         margin to return to nine percent.  However, we clearly have work to do.
         The  amount  of  change  in our  stores  last year had an impact on the
         culture of our store operations. Concentrating on retailing basics will
         be a key factor in driving same-store sales increases. Same-store sales
         increases will determine operating expense leverage.

4.   Are you planning to open a distribution  center in 2001? If so, when do you
     anticipate opening your eighth facility?

         We will open our seventh  distribution  center in Zanesville,  OH in 1Q
         2001. At this time,  we do not have plans to open another  facility for
         at least two years.

5.   What is your  shrink  accrual  rate in 2000  versus  2001?

         In 2001 we will accrue shrink at 2.5%.

6.   You mentioned  providing  stores with new handheld  scanners to improve the
     store ordering process. What is your rollout plan?

         We plan to send the scanners to our stores in conjunction  with the IBM
         register retrofit. The majority of our stores will receive new scanners
         in 1Q and 2Q of 2001.

7.   Can you make a projection  in terms of net debt  expectations  in 2001?

         We should not see a significant increase in net debt compared with last
         year.  Cash from  operations  should  generate  at least as much as our
         capital expenditures.