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ment to sales enhancing technology is also reflected in store with all Kay and Jared stores now having digital tablets this holiday season. These are key selling tools for our stores and they've been very welcome by the teams in the field.
These are all steps along the way to achieving our goal of becoming best in class in all aspects of the cheap Michael Kors Miranda Pebbled Large Black Totes cheap Michael Kors Chain Large Coffee Totes digital environment. This is a channel within the jewelry market that we have historically been underrepresented. alone.
As we announced last month we acquired Ultra Stores and its 140 locations in an all cash deal. The acquisition is expected to add $40 million to $45 million to our fourth quarter sales this year and have minimal impact to earnings, including acquisition costs.
Today I'll share with you a little more color on our long term strategy for Ultra. As we move into next year you can expect us to take advantage of our new position as a major player in the outlet channel. Our strategy is cheap Michael Kors Ring Large White Totes to cheap Michael Kors Hamilton Studded Large Tan Totes leverage the Kay brand with Ultra's outlet expertise. We've cheap Michael Kors Hamilton Large Brown Totes already begun the process whereby we will convert the majority of the stores to Kay outlets driving increased productivity and further market share gains. We expect to complete this transition by mid fiscal 2014.
Short term we are highly focused on executing in the all importa
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