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That's the line they're giving out, anyway. I'm curious to see if it's just a ruse to keep some employees around and keep customers coming in paying full price
by natch 7y ago
That's the line they're giving out, anyway. I'm curious to see if it's just a ruse to keep some employees around and keep customers coming in paying full price as they clear the shelves before something else like complete shutdown.
- Macha 7y agoIt's weird, the shelves are as empty as you could hope for in a liquidation scenario and there's just crap left. Continuing to pay rent to try get rid of a few hard to sell pieces of old tech or low value items like phone cases is definitely past the point of being sensible. So I think someone in management genuinely believes suppliers will come around to supplying them goods with payment on sale, despite all evidence to the contrary
- natch 7y agoI suspect they actually own some of their buildings and have for some time, starting from way back when property values and mortgages were lower. Or at least "own" in the usual sense of being the owner of the mortgage. Which would maybe? give them a few months more comfort zone in that they aren't paying that extra margin of current market rents to a landlord, at least in those cases where they own.