What they've done is buy themselves some time. The challenge is, how long does it last If you're still losing sales, those stores that are profitable today won't be profitable tomorrow.
More Quotes from Neil Stern:
All the merchandise in Five Below is under 5, whether it's toys, sporting goods, novelty items or accessories, ... This is a retail concept that can potentially grow very, very fast.Neil Stern
Albertson's owns the ground under about 60 percent of their stores, including a fair amount in California. With Northern California real estate so difficult to come by, that has its own value.
Neil Stern
If anybody can pull this off, it's Federated and it's Terry Lundgren and his leadership team.
Neil Stern
Sears is a store that is designed for suburbia. They sell a lot of things like major appliances, barbecues and power tools that intrinsically go to people with bigger houses and garages and room to put this stuff.
Neil Stern
I think their strategy is to be as ubiquitous as Walgreen's. They're a very good operator, a formidable rival to Walgreen's.
Neil Stern
Forever 21 has the option to operate either a second format or convert those Gadzooks stores into its own brand,
Neil Stern
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