When you start shrinking at this rate instead of growing or at least maintaining the number of stores, it's the beginning of the end. They might say they will close 150 stores over the next three years, but I wouldn't be surprised if that number grows significantly before that period is over.
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Just wait until the investors buy out the company, more stores will be closing especially the stores located at Volume C malls or less.
Gonna have many great clearance sales!