Earnings on 3/14/18 went from a year ago Q of (7.0mn) to a profit of 7.3mn
Big box discounters like TJ Max and ROST are doing well in this environment. They do not rely on mall traffic. The new strategy seems to // those stores.
Until this Q, bankruptcy seemed inevitable. Now, there is the possiblity of a 10-bagger if their treasure hunt big box strategy continues to work.
diversified to shoes with a store-in-store arrangement with DSW.
*Also learned that in today's commercial real estate environment that the Deferred Rent item in liabilities is often a slush account that will never get paid in full.
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