Originally Posted by jgaiser
Yabut... Closing stores does nothing to raise profits.
That's not necessarily true. It does nothing to raise revenue, but revenue and prfoit aren't the same thing. If they close stores that are losing money, it can, indeed, raise profits.
Nobody predicted Home Depot's death spiral when they were closing unprofitable stores a few years ago. Nobody predicted Walmart's death spiral when they were closing unprofitable stores a few years ago.
It could be the salvation of the company, or it could be another in a long series of bad decisions. From the outside, the only way we can tell is to watch what happens.