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Wednesday, May 14, 2014 3:46:36 PM
In that same period, 5 stores have been closed. So, hopefully coffee revenues are up by more that 25% as stronger stores replace weak ones.
It costs money -- whether paid in stock or cash -- to open and close stores; think equipment, lease obligations, etc.
The fact that the closed stores could not even cover variable costs (labor, materials, utilities) suggests that the company's site selection criteria (AZ, TX) and store purchase (MT) criteria need improvement.
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