There is tremendous opportunity to increase gross margin by renewed effort on its store brand portfolio. These initiatives helped the company to post healthy fourth-quarter 2010 results. Management now expects growth of 8% to 10% in net sales and an increase of 13% to 20% in earnings per share in fiscal 2011.

In spite of intense competition from other established players and erratic consumer spending pattern, we remain bullish on the stock.
 
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