CPI Corp. (CPI) is engaged in the professional portrait photography of young children, individuals and families. As of February 4, 2012, it had 3,058 studios. throughout the United States, Canada, Mexico and Puerto Rico, under lease and license agreements with Walmart Stores, Inc. (Walmart) and license agreements with Sears, Roebuck and Co. (Sears) and Toys R Us - Delaware, Inc. (Toys R Us or TRU). The Company also offers wedding photography and videography services and products through its subsidiary, Bella Pictures Holdings, LLC (Bella Pictures or Bella). The Walmart studio operations are operating within CPI under the trade names PictureMe Portrait Studio in the United States, Walmart Portrait Studios in Canada and Estudios Fotografia de Walmart in Mexico, collectively PMPS or the PMPS brand. As of February 4, 2012, the Company operated 1,895 studios in Walmart locations globally.