November saw the first comp-sales increase in five years, thechain reported, though December again saw a decline. Now, thecompany is testing different cosmetic improvements at severalstores in Dallas, and could move forward with a larger rollout.
"For a small investment there are great improvements," said JimKeyes, chairman and CEO. "While it's still early, we're pleasedwith the results. "
As a result, any US store closures this year will be the resultof lease expirations rather than a downsizing. "Before we closestores, we want to give our best shot at transforming them intoprofitable locations," Keyes added.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.