Correct, Lousy management, lousy model, alienation of customers, poor store execution etc., etc, etc.. But please, let's not talk about the obvious let's pretend their just announced quarter was absolutely spectacular!. I have never in my life seen more BS coming from so called retail analyst gurus actually tripping over themselves trying to make garbage result look better than they where.
Christmas is do or die, if they have blow out sales figures, immediately suspect margins where compromised. If they give away profit for the allusion of a giant sales turn around run for the hills. I have spent my entire career as a retail credit analyst. The numbers don't lie, people do.