4 ms·
> When you see a retail establishment with a partly burned out sign, and it doesn't get fixed quickly, you know they're in trouble. As others have already ment
by sammalloy 4y ago
> When you see a retail establishment with a partly burned out sign, and it doesn't get fixed quickly, you know they're in trouble.
As others have already mentioned, this only holds true for a specific kind of store and market. Many businesses don’t care to fix their sign. The Safeway near me had a broken sign for almost two years.
- Animats 4y agoUh oh. I saw Sears stores start to have broken signs about 3 years before they went bust.
- thehappypm 4y agoIt’s classic elastic vs inelastic demand. Grocery stores don’t need to worry so much about their brand image. Not zero, but less than a store selling luxuries.
- vkou 4y agoThat's an interesting data point, but I don't think I'm going to make a lot of money by shorting Safeway's proxies.