repost: if a store is doing under $5m/year there isn't much sense in renewing the lease as it expires. The leases from the Staples boom of 1998-2004 are coming up for renewal. The leases on the 25,000 sq ft Superstores run $24,000 - $40,000 per month. The Landlords have no interest in lowering rent. The little 10,000-12,000 sq ft stores were cute, but lacked furniture sections (the only comping department). The 17,000 sq ft Irvine concepts with carpets are the most profitable, there just aren't that many of them.
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You wrote a good post regardless
I had wrote that as a reply to another post. I'm not sure why someone reposted it. In the context of the other post, it made sense. But just reposted by itself, doesn't make much sense.
I'd guess because as those go, the layoffs increase?
How is this relevant to our layoffs discussion?