That is a little better than +2% at BKE don't ya think? TRLG also trading at 12x next years earnings. They also are expanding internationally where they have seen higher margins. Online sales also up over 85%. They are growing more rapidly than BKE and are reducing shipments to off price retailers.
"Net sales for the Company’s consumer direct segment, which includes the Company’s branded retail stores and e-commerce site, increased 84.8% to $45.1 million as compared to $24.4 million in the prior year period. Fourth quarter same-store sales for 36 stores open at least 12 months increased 22.3%. The Company operated 70 branded stores as of December 31, 2009, compared to 42 as of December 31, 2008."