Please see my comments on this, below (in another comment). Here's the link for reported domestic/USA store closures for this company. I'm just the messenger here, have no vested interest here other than to inform fellow anons who DO have a vested interest in this. If the data contained in the following link is fictitious, made-up, etc, that's one thing, but if it's accurate, it does no one any good to pretend things are as they wish, not what they are. It's also not unusual for CEOs to shutter bricks-and-mortar locations to realign their assets to more profitable areas as they read and analyze the data for their businesses. Closures of stores isn't a death knell for a business and may, in fact, prove to be more profitable over time if the CEOs future projections were accurate. CEOs take risks and realign the company's assets as they see fit as part of their skill sets, just a normal MO.
This post is reporting that there were store closures and there will be more of them. Another anon is claiming there were no USA store closures yet the following link lists them. There's a disconnect here and getting the reality, the truth, out is part of what anons do here at GAW. If the data in the following link is fictitious, the comments of others seeming to verify store closures near them also fake and made-up, all the articles about domestic store closures made-up, not real, that's one thing, but wishful thinking creating an alternate reality is really not what we should be doing. MHO
You decide what you do with data that can potentially affect your everyday life.
Thanks that's good to know,and more than I expected. I like lots of other companies more for their growth potential. The main things I like here are the shorts and the 4.5 billion in the bank.
You're welcome and thank you for your data points. Several anons here brought up some good data and analysis. It will be interesting watching what direction the CEO here takes this firm, but I expect the economy to be booming in many and most sectors (not all) so revenue/sales are likely to rise.
What this CEO may have done with the locations issue is flood the market with lots of b-&-m to get the name out there and ubiquitous then start whittling away at the less profitable (or, in cases like California, more prone to theft) ones. I've seen firms do this. For the buying public who like shopping on location, they'll then travel to a nearby town if the store in their area closes. I don't know enough about the infrastructure costs of this firm to speak on it, but if he bought the space vs rent he may have made some money on building/commercial sales in the interim, but expects that to taper off or go negative.
I don't currently trade in investments, but never did get devoted enough to wade into the options trading. I've known people who have done it quite successfully, but you really need to spend a lot of time watching the company, the sector, the market and the world, frankly. You seem to be paying close attention to this firm (as one should) and seem to be levelheaded in weighing the developments. Best of luck with this and your other financial endeavors.
Thanks. I knew about the 300 stores,I didn't know or forgot they were all in Germany. They write shit like this to prevent FOMO buying.
Seeing non financial MSM like DailyMail doing anti-FOMO hitpeices is extremely bullish.
They would just not report it at all if they werent afraid of FOMO.
"... all in Germany. ..."
Please see my comments on this, below (in another comment). Here's the link for reported domestic/USA store closures for this company. I'm just the messenger here, have no vested interest here other than to inform fellow anons who DO have a vested interest in this. If the data contained in the following link is fictitious, made-up, etc, that's one thing, but if it's accurate, it does no one any good to pretend things are as they wish, not what they are. It's also not unusual for CEOs to shutter bricks-and-mortar locations to realign their assets to more profitable areas as they read and analyze the data for their businesses. Closures of stores isn't a death knell for a business and may, in fact, prove to be more profitable over time if the CEOs future projections were accurate. CEOs take risks and realign the company's assets as they see fit as part of their skill sets, just a normal MO.
This post is reporting that there were store closures and there will be more of them. Another anon is claiming there were no USA store closures yet the following link lists them. There's a disconnect here and getting the reality, the truth, out is part of what anons do here at GAW. If the data in the following link is fictitious, the comments of others seeming to verify store closures near them also fake and made-up, all the articles about domestic store closures made-up, not real, that's one thing, but wishful thinking creating an alternate reality is really not what we should be doing. MHO
You decide what you do with data that can potentially affect your everyday life.
.
https://gsclosing.blogspot.com/2024/01/all-2024-closings-ytd-11.html
Thanks that's good to know,and more than I expected. I like lots of other companies more for their growth potential. The main things I like here are the shorts and the 4.5 billion in the bank.
You're welcome and thank you for your data points. Several anons here brought up some good data and analysis. It will be interesting watching what direction the CEO here takes this firm, but I expect the economy to be booming in many and most sectors (not all) so revenue/sales are likely to rise.
What this CEO may have done with the locations issue is flood the market with lots of b-&-m to get the name out there and ubiquitous then start whittling away at the less profitable (or, in cases like California, more prone to theft) ones. I've seen firms do this. For the buying public who like shopping on location, they'll then travel to a nearby town if the store in their area closes. I don't know enough about the infrastructure costs of this firm to speak on it, but if he bought the space vs rent he may have made some money on building/commercial sales in the interim, but expects that to taper off or go negative.
I don't currently trade in investments, but never did get devoted enough to wade into the options trading. I've known people who have done it quite successfully, but you really need to spend a lot of time watching the company, the sector, the market and the world, frankly. You seem to be paying close attention to this firm (as one should) and seem to be levelheaded in weighing the developments. Best of luck with this and your other financial endeavors.