Back on 1-20-2012 TLF announced that they opened 2 new stores in Spain. Does anyone understand or have an opinion on why TLF would open stores overseas, especially in an economically stressed nation such as Spain? I can't imagine that Spain has a shortage of leather and assorted TLF products.
Is this just an ego thing for mngnt and the board? Couldn't the funds be better used here at home? Just curious.....
Leather stores overseas are good for creating cash flow and also a good foot step in procurement of cheaper raw material and labor just like Nike and Apple have stores overseas, very smart move in marketing.
There is nothing to suggest it is an ego thing. Presumably it was based on who was ordering from their UK store. They spent a lot of time on this, so perhaps they were swayed by that into making a poor decision.