That kind of earnings growth was actually started.... who the hell are you trying to BS.. the place was a mess... no it was a nightmare run by the biggest examples of the " Peter Principals" that existed in modern business. If RF hadn't come along the place would have been Chapter 11. The people on this thread are the same people who were in management before RF arrived... if you are all so smart why didn't you save it.... because you didn't have a clue... Childrens Place never made money, RX place never made money, Woolco was a joke....they kept opening business and losing money.... in fact over a 1/3 of the business units were losers..like the management....
One must keep in mind that RF brought in Paul and Stu to "save" FWW. What did they do? The increased salaries tremendously by bringing in personnel at inflated salaries. Their performance resulted in the highest shrinkage in the history of FWW. Same condition sales went down. The reward for these boy wonders: Champs - where their performance, of lack of it, continues. Today we have more consultants, more HR personnel than ever before, we pay "new talent" more and more money. But the results are the same: decrease in sales. We spend more money on such important things as name changes. And the band played on.
First of all, Childrens Place never belonged to Z. Secondly, since you are such a fan of Butthead, why don't you tell us how he has turned the EXISTING BUSINESSES around. Foot Locker is actually worse off now than it was 5 years ago. You can't blame that on prior management. Also, look at Butthead's choices for his management team. What real winners do you see? I am not saying that prior management were geniuses but, neither is Butthead. In the end, I think you'll see that he will personally milk Z for more money than all of his predecessors combined. The only thing he has managed to sell at a profit is the Woolworth Building, and that was simply a matter of timing.
Dear Frank Jr. Alias Draftcard, sounds like you are a poster child for "peter's principles" and you have reached your zenith of babbling for babbles sake and a water carrier for the present regime. They (Frick and Ditto ) will be long gone before you realize any dividends or growth in stock value unless you are holding the knife to help cut up the pie and leave the crumbs for the stockholders. Hope you have a great day with your supply of viarga.