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The euro has upside risk should economic data such as German retail sales give the market a surprise.

First of anything is always a risk. There's going to be some 'D' (development) in those first sales. How much is acceptable?

It appears that significant discounting is still needed to boost sales volumes.

I think there are major risks in sales and margins when you're a middleman. More and more companies are buying direct and don't see a need for Helen of Troy. Their brands are not that powerful, ... This doesn't mean it can't bounce back. They have to be shrewd and quick to right the ship.

If you look at Helen of Troy's customer base, sales are generally strong. Wal-Mart sales are up, Target sales are up,