Originally Posted by
NKSpilot
See Big Lots too. Sale lease back a bunch of stores, Ch 11 bankruptcy, put up the $200M HQ as collateral for debt financing, supposed to swap debt for equity with creditors and get more financing, CEO cheerleading the whole time...now liquidating.
Cherry on top - Low income consumers reduced spending listed as a factor
Good luck to us.
they got greedy. Prices last time we went in there were nearly the same as Target. They moved from the poor side of town to an affluent area, in the same parking lot complex as Target…
alienate your customer base and that’s what happens.
seems like spirit is on the same path.