this post was submitted on 31 Oct 2023
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A Boring Dystopia
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They would have to spend time analyzing why they failed to make sure investors knew they wouldn't do this again. Cheaper and easier to blame the poors.
Given the amount of analytics and reporting ongoing in retail I have no doubt they have all the info at hand. And they could still directly blame the poor for the poor sales performances and call to invest in better locations. More money from investors and trust is maintained.
I don't know if you've ever been in one of these stores but they were terrible. Like if the merchandising was a complete train wreck, it would require multiple people at multiple levels to admit they fucked up. Plenty of retailers in the immediate area are doing just fine, they can't even blame the location. They just aren't setup to provide what people need if it isn't a big box store.
Not in those area. Admittedly I only visited one in the LA area while there for work and it was quite the experience already…
I don't know if you've ever been in one of these stores but they were terrible. Like if the merchandising was a complete train wreck, it would require multiple people at multiple levels to admit they fucked up. Plenty of retailers in the immediate area are doing just fine, they can't even blame the location. They just aren't setup to provide what people need if it isn't a big box store.
I 100% agree, if they had focused on being a home store with maybe some casual wear instead of a slightly upscale 7-11, they would have done great.