Sales will be off as he said but slightly less than Q4 which Q4 was off and year was off because A) 1 extra week in 2017 and B)stores that were having makeovers were closed a week at least not sure how many this accounted for in Q4 but for the year that's at least 81 weeks of store sales lost.
I think many that called for doom and gloom, totally did not take any of these things into consideration going forward. And 32 new stores as opposed to at least 27 under performers that closed (26 in 2018 and 1 we know closed February 2019) The difference in opening times for new and closed stores, it bungled everything when it comes to comparing YoY by Q and by Y.
I am looking for a very nice year indeed, especially net wise, not only the presence and customers loving it, but the ability to move so much dead merchandise in the clearance section with 3000+ sku's.
I am a black and white straight forward thinker, I judge everything the makeover closures, the closing of stores less stores being opened than closed as new openings don't not coinciding with closings etc, we lost many many weeks of sales.
FRAN got beat up as it should have never should have all those new stores and never should have had so many makeovers, was too much at the wrong time, but, it has been overly punished IMHO and shorts, naysayers will be singing an entirely different tune as this year progresses starting with this first Q IMHO.
I mean seriously trying to push the damn thing to .15 mil even 18 mil MC, foolish on any bears part in this instance, let us show a profit, same store sales be flat or up slightly and let internet biz way up, bye bye, because we already know the cash situation is good. And have two banging new outlets in upscale areas and the Empire outlets is an international tourist magnet.
peace out.
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