RE: Why so Gloomy1 Apr 2024 16:07
I didn’t say it was doomed because it has 4000 employees - but Munichmann painted that as a positive. I think it is doomed because it’s shops are empty, it has far too many of them, the terms are too long, the rents are too high, the stores are too big, they are in expensive locations, hardly anyone is visiting them, they are stacked to the gills with stock no one wants to buy, and the brand is no longer fashionable. It’s not rocket science. They had time to fix it and they haven’t. Time’s up.