3 ms·
Their stock is down 33 percent over the past month and 75% over the past 5 years and this location is in a shopping mall - not exactly something that's been per
by vikramkr 3y ago
Their stock is down 33 percent over the past month and 75% over the past 5 years and this location is in a shopping mall - not exactly something that's been performing well. Therefore clearly store closures that were announced in may are entirely because of issues with the location? It's obviously a factor in the decision but I don't think it's a good idea to take a corporate executive's stated reason for shutting down stores/factories/etc as gospel. Remember a few months ago layoffs were happening almost like it was a fad? Once people started laying folks off it provided cover for everyone else? Interesting how all the retailers also announced their closures all at once.