Quote:
Originally Posted by GGG
Dicks missed on all of its targets revenue, sales, same store sales, profit. If they had just missed on profit one might argue that shrink is a factor. None of the companies are actually putting public values in their media reports on the size of shrink. When I worked retail 2% was typical. Unless we have evidence to support much larger numbers this sounds like deflecting to meet targets and terrible media outlets just accepting the claim.
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Yeah deflecting is exactly right. It’s kind of an embarrassing miss for DSG, because I think that segment is still pretty hot. They’re going to need to readjust their product mix.