I wonder how many won't be renewed this year.
I good indication where things are going.
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A combination of their credit facility (which they have until 2023), spare cash, and the fact that the smaller stores won’t cost them that much. Their holiday results — while we don’t know the full details of yet — weren’t as bad as last year, which gives them more wiggle room. Even if they had a lot of discounts and markdowns in December, the sales at least stabilized and didn’t nosedive like 2018. There’s also the possibility they could be sold soon, which would give them more flexibility. In short, they’re still in a lot of trouble, but things could’ve have been much, much worse if sales had dived six percent again.
Where are they getting all the money for all of these new stores?
About ten or eleven closed in the last year. But keep in mind that there’s a wild card — five smaller concept stores opened. You have to factor in the smaller stores they’re planning to open this coming year. So providing that happens, there’s a chance your store could be shut down and moved to a new location nearby.