Not sure. But, if you see what's happening all over the industry you would not be surprised. So, let me list a few bullets here (all of them folded, closed, went bankrupt or severely downsized):
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Sports Chalet
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Sports Authority
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Gordmans
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Cabelas
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Gander Mountain
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Finish Line
Add to this a ton of apparel retailers that are closing all or almost all shops (e.g., The Limited, BCBG, City Sports, etc.) you should be sure things are not gonna end well for Tilly's