I hope that it will be but it will depend on how well this company expands and is accepted beyond its "safety zone" known as the New York area. Their quality and selection is pretty amazing. However all that comes with a cost. And if they intend on fanning out all over the country they will have to adjust accordingly. You can't charge New York prices in most other states. I guess we'll see what happens. I'm willing to give it some time to develop.
There is no way. They did this IPO so a few at the top could realize huge gains. They were and still are losing huge amounts of money each day. They have no foundation to build on. The stores outside of NYC are not profitable. They never hired any talented personal or category managers and the ones they did hire have no background to support their positions. I sold short and will buy back at
You got that right! Their health food sections are run mostly by those not knowledgeable on vitamins, herbs, natural health, etc. Fairway is another example of NYC mentality with appalling customer service with "hood" mentality, same as Duane Reade was (now Walgreens), Cosi, Century 21, Nobody Beats The Wiz, Crazy Eddies, etc. That was good in the NYC heydays of 70s -90s but as they are finding, not so good during poor economic times in NYC and upcoming hyperinflation and deflationary collapse. Possibly they will be bought out.
I just looked this one over. Not impressed by the financial numbers or the concept. I have 30+ years of experience in retail. One thing I can tell you is that when you try to be "all things to all customers" you end up being nothing to anyone. Have never held this stock so I think my opinion is honest.