I’m sure many people will attribute these closings to the “state of the economy”, but in reality, shouldn’t these companies be closing underperforming stores or doing something else to increase sales from them?
Office Depot on Wednesday said it will close 112 underperforming retail stores in North America during the next three months.
The announcement said the closures would occur in various geographic regions, including 45 in the central U.S., 40 in the Northeast and Canada, 19 in the West and eight in the South. Fourteen more stores would be closed through 2009 as leases expire or other lease arrangements are finalized.
It’s just common sense to be doing that anyway, why should the current state of the economy have anything to do with it?
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