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  • mawchek mawchek Jan 3, 2001 8:40 PM Flag

    congratulations on another great month

    Before I get to my point, I want to applaud Deli,
    Ed, et al, for the excellent commentary of late. I am
    unworthy, oh Wise Ones (or is that Wise
    Guys?)!

    Deli, I recall a conference call statement made a while
    back to the effect that HOTT is upsizing its smaller
    existing stores. These stores are then shifted back to the
    "new" store category for purposes of calculating SSS
    comparisons. I'm not sure I understand all of the accounting
    treatment or the number of stores involved, but it seems
    this process over the long run will continually boost
    SSS numbers by some incremental amount. Does anybody
    have a sense of how much this may help comps going
    forward? Given the small store base, even a small number
    of upgrades will help.

    BTW, weather has been
    awful in my neck of the woods this holiday sales
    season. It's just another basis for easier comps next
    year. :-)

    Mawchek

 

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