"So I guess nobody noticed that the number of stores decreased from 274 to 273 over the last few days. I wonder which store was closed?"
"I am not sure, but could it be that the count of 274 includes the on-line store and the count of 273 does not?"
if they close only one store a year, that would surprise me and make me wonder...
in a chain of this size, i'm sure there are 10-20 stores that consistently rank near the bottom in efficiency, profitability, and risk models (risk of inferior or deteriorating financial performance).
wouldn't it be better to focus hot topic's limited management resources on the top 95% of its stores? this would mean jettisoning stores that produce the worst results chainwide. i presume these consume a higher than average share of unquantified management resources?
i may be missing something, for example maybe all stores produce marginal profit. even so, i wonder if it is better to close lesser performing stores that require higher expenditures of management resources.
an assumption i'm making is that there are significant unallocated costs associated with these stores.
After posting that list, I read an article from a retail trade journal that said Betsy plans to open 60 stores a year until hitting 800. Thus, the list of 28 stores for 2001 is not the complete list (they're probably still working on lease and location issues).
Thanks, Deli. Let's see 60/273 = approx 22% increase. That's down quite a bit from the 30% growth the last couple of years. And if we average 10% SSS (optimistic), that should equate to about a 35-40% growth in sales and profits. Not too shabby, but certainly a lot less than the last two years in terms of % growth.