the Shanghai anchor store right smack in one of the most expensive
corners. Yes, this corner is only 3-minute walk from my apartment.
The picture here is the newly opened Shanghai anchor store. Today as
I walked by, Sale signs everywhere. Some female staff were wearing
the traditional Japanese Kimono greeting customers. The store was
packed. But last week without the sale sign, it was pretty empty.
What am I getting at? The picture is clipped from Today's online
WSJ. It's an article about the company cutting net profit and revenue
outlook for the full fiscal year. Kinda in line of my wondering about
a "not so $m*rt" move.
I wonder how much this company has paid for the spot here across the
street. It's a prime "prime" location. Entrance to the new WuJiang
Lu food and right on top of the #4 exit to the ever popular No 2
subway line carrying office workers to and from work every day down
the block. This company, incidentally, already committed 312M over 15
years for its store at 5th Ave.
Wondering what management is thinking...
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