Our distribution system is comprised of the following: 4 Domestic Wholesale Sales. We currently operate 97 full price retail stores in the United States. We also announced that the President of our Retail Division resigned, effective June 17, 2002, and that his position will not, for now, be filled. Participants at our entertainment venues or users of our products may engage in imprudent or even reckless behavior, thereby increasing the risk of injury. Many Core Sports are relatively new or have historically fluctuated in popularity, due in part to limited media coverage of these sports. Approximately 25% to 30% of our domestic sales are shipped directly from manufacturers to our retail customers. Foreign currency derivatives are used only to the extent considered necessary to meet our objectives of minimizing variability in our operating results arising from foreign exchange rate movements.
We are currently exploring potential strategic alliances with third parties to assist us in recognizing the growth opportunities which may be realized by the properties discussed below. Read on to learn more. ~Publicity~ Demographics: We sell to all genders, any age as long as they fit in the shoe sizes offered, and any races that want to buy our items. Additionally, backlog orders are subject to both cancellation by customers and the ability of third party manufacturers to timely deliver product to fill such orders. Engaging in discipleship and leadership development activities.
In most cases, we pay rent on a monthly basis, which is subject to periodic rent escalation provisions plus additional rent based on a percentage of sales in excess of certain breakpoints. In particular, our two largest international markets are Japan and France. Our Pro and Signature models are designed with specific features for skateboarding and contain more variations in material and more advanced technical performance features. Although we believe our assumptions are reasonable given our current operating performance, any change in market conditions could result in additional impairment losses. Managements Discussion and Analysis of Financial Condition and Results of Operations Liquidity and Capital Resources.
The remaining waste is diverted to a waste-to-energy facility. Caterpillar will be the leader in providing the best value in machines, engines and support services for customers dedicated to building the world's infrastructure and developing and transporting its resources. Everyday in business we face problems, look to set goals and look to improve both ourselves and our working environment. This trend continued in the fourth quarter of fiscal 2002 when same-store sales were down 7. Our website includes product photos, live video feeds from our skateparks and Core Sports events, photos, profiles of and interviews with our sponsored athletes, information on our sponsored events, and our history. We are a relatively new entrant in the apparel business.
We provide the best value to customers. Due to the significant devaluation of the Argentinean peso, the near collapse of the economy in Argentina and the impact of those events on Brazil and Uruguay, we are taking steps to terminate our operations in those countries. Our commitment to youth means we must change. Coming up with more out of box designs for uniquer people. Foreign currency transaction gains and losses are included in income currently. The majority of our efforts are directed towards people groups who currently have very limited access to the Gospel.
The production staff of our Hong Kong subsidiary, located in Hong Kong, oversees all aspects of manufacturing and production in China and the Philippines. Changes in the estimates or other judgements of matters inherently uncertain that are included within these accounting policies could result in a significant change to the information presented in the financial statements. Most major brands in footwear have developed their market reach beyond U. Additionally, the board of directors has adopted a Stockholder Rights Plan pursuant to which the holders of our common stock have a Series A Junior Preferred Stock purchase right for every share of common stock owned by them. . We believe in transparency as well as being a trusted, credible resource for customers, before, during, and after the buying process. He continually thinks outside the box, consistently presenting innovative ideas and thoughts.
For most of our first 30 years, we were a Southern California shoe manufacturer and based our products on one trademark gum rubber outsole. Schoenfeld or any of our other executive officers could have a material adverse effect on our business. We also, from time to time, contract with third-party designers to supplement our in-house design group. We have added significant experience and talent across all facets of our business including product marketing, sales, retail, international, operations, finance and information technology. During the third quarter of fiscal 2002, we settled the wage and hour litigation we discussed in our Annual Report on Form 10-K for Fiscal 2001. A mission statement is a short, descript, and focused statement of purpose for an organization.
In addition, we sell products in a number of countries throughout the world, and thus are exposed to economic fluctuations and movements in foreign currency exchange rates. Diversify to Reduce Risk Along with spreading risk by developing offshore markets, you can also spread your product risk by developing different product lines such as clothing, sports and travel accessories. Behavioristics: Vans study's reactions that happen around them to certain patterns and colors to decide what people like. Dogtown and Z-Boys was released theatrically in the United States to critical acclaim in April 2002. This strategy minimizes capital expenditures relating to manufacturing and allows us to maximize product quality and product variety.
Pricing for vans: shoes pricing varies. Share Repurchase Program On September 21, 2001, we adopted a 1. The decrease in the net cash inflow, year-over-year, was primarily due to the net proceeds from the public offering of our common stock. Many of our competitors such as Nike, Reebok, Adidas and Puma have significantly greater financial resources than we do, have more comprehensive lines of product offerings, have greater brand recognition, compete with us in China and the Philippines for manufacturing sources and spend substantially more on product advertising than we do. If we are unsuccessful in challenging a third partys rights, continued sales of such product by that or any other third party could adversely impact our brand, result in the shift of consumer preferences away from our products, and generally have a material adverse effect on our business.