Ha! Turned on the computer today to see the Dow at 19,999, never touching 20,000. Then watched it drift lower. Dumfounded to learn today The Limited is shutting all 250 remaining stores. 25 year ago it was perhaps the most respected women's fashion chain with 700 stores.
DLTH will have no trouble finding cheap mall rent.
Wall Street hates this: "Unseasonable weather, coupled with a highly promotional environment, continued into early fourth quarter," notes CEO Stephanie Pugliese."
Sounds like every troubled clothing retailer these days. No one buys unless it's on sale. How come their proprietary clothing brands aren't shielding them?
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