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[size=5]The selloff continues (at about 25%) … while Krogers got hammered and was seen as good buy at the time — it’s because folks need FOOD, but they can skip on getting a pair of shoes … it will be interesting to see how this settles in next week or so 🙂
Haven’t been to a Foot Locker store ever – seems unnecessary with all the discount options for me. Can say the same about Dicks
I wouldn’t hold stock in any business that is inside a mall
really is plain and simple, even if it is doing “well” now, the only question is ..when will the internet find a way to replace it.Here in Canada, we had a slew of companies declare bankrupt over the past 5 years or so, they were women’s clothing and shoe stores.
If you don’t think things are still getting worse, ask urself this
How is it a Goodwill store goes bankrupt? Is the economy so good that people can afford higher end clothing?
Goodwill of Southern Nevada files for Chapter 11 bankruptcy
http://www.ktnv.com/news/goodwill-of-southern-nevada-files-for-chapter-11-bankruptcy
Wow Goodwill going bankrupt – thats a charity I thought. On the FL was short them and took profit BEFORE today as they had fallen with DICKS and the URBN spike scared me – thats what I get for being logical
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