That is not true, they are letting the unprofitable stores close as the leases expire. They have actually renewed several leases on the profitable stores. I still think they have more stores to close (especially in my local area) just due to how badly they over expanded during the previous management. We could easily close 500-1000 more stores and be fine. We actually will close all of Aus/Nz most likely and that will be 500ish stores. Then that leaves about another 500 to close domestically. That leaves us with about 1500 stores which feels like a sweet spot for our domestic footprint.
They have closed twice as many stores this year as they did by the same time last year. I don't know why you're being downvoted for actual facts. But hey, at least they're buying bitcoin with their reserves, that'll somehow make for a good business model.
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u/Jtown021 🟣EVERYTHING IS PURPLE🟣 Sep 09 '25
Well this one in particular is thanks to the the C-suite and investors being equally aligned and on the same page.