IRV NEGER TERMS OF EMPLOYMENT

Title:

Sr. Vice President – Softlines

Weekly Salary:

$4,326.92 per week ($225,000 per annum)

Starting Date:

First week of September, 2000

Bonus:

Participation in the Target Bonus Plan with an opportunity to earn 30% of fiscal year base salary in each fiscal year beginning with the fiscal year starting September 2, 2001, subject to all terms and conditions of Plan.

Special Bonus:

In lieu of participation in any bonus plan for the period through September 1, 2001, the Company will make payments of $25,000 on each of the following dates (subject to continued employment on the date of payment): September 15, 2000, October 15, 2000, April 1, 2001, July 1, 2001, and September 15, 2001.

Stock Options:

An option of 100,000 shares will be recommended to the Stock Option Committee to be granted under the 1989 Non-Qualified Stock Option Plan within ten (10) days after employment starting date.

Temporary Housing:

Company will pay for the direct monthly leasing costs of a one (1) bedroom furnished apartment in Charlotte for a period of three (3) months. If a longer period of time is necessary, it will be reviewed on