They were announced yesterday. Down 15%. Yes, you read that correctly. Same store sales were down that much. Now as a retail management professional, ask yourself WHY? This is where I'll help out... it's because they don't offer their customer anything that can't already get more easily somewhere else. Sound familiar? I'd explain it, but by the time we get to the part about vendors not wanting to take risk you will already be closing more stores and your temporary benefactor will be firing you...
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Management? Some of them will be gone by March, but that won't fix the problems now. The time for that fix was 2010 or earlier. Sick a more will be very unhappy once they pull back the curtain used to hide the problems they were buying. Like a house you bought with a brand new coat of paint that hides the wood rot underneath.
Is it vendors or being top heavy. Management having management having management and who manages them?