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coach outlet online cheap in multiple different geographies. I mean it seems that you have a more inter current state of more measured strategy in terms of managing your business, growing your business. How do you think about international growth in terms of direct versus wholesale versus using licensees or distributors?Absolutely. And right now we really like that model.Our partner has potentially taken the financial risk. They do all the pioneering in making the brand, creating the brand awareness in the local market. They have the inventory risk. They have the leases on their balance sheet, et cetera. So it's a nice capital like model for us, where we can get the brand established in these markets.Down the road, we may want to bring some of these businesses in house, the Canadian transaction that we did a year ago has been tremendous for us. And at a certain point it may make sense for the [indiscernible] standpoint to bring somebody's businesses in house.Any questions? Okay. You have brands across multiple different price products high end, low end. Talk about what you've seen so far year to date this year versus what you saw in 2012, as far as low, mid, high, any interesting observations you've seen amongst just in general for the consumer?Well, the first thing I would say is that we have heard the complaints about challenging traffic from virtually every tier of distribution, from luxury all the way down to value. And you're talking about soft goods, we've heard complaints about traffic. But within that we do believe that the higher end is holding up a little better than the lower end. We think that