Gothamist: Did $8.98 Dresses Do Steve & Barry's In?

JRod5417

Thu, 10 Jul 2008 09:44:28 -0500

Wait, $9 dollar dresses are not profitable? What is this world coming to?!!

NannyState

Wed, 09 Jul 2008 22:09:58 -0500

Sears Holdings is running the same "scam". Since the value of their real estate holdings, including K-Marts, is far greater than the value of their retail business, they have leveraged those values to support their stock price while maintaining their stores as a defensive hedge against a lousy commercial real estate market. It's an equity play and investors are bidding on chips that can be called in, not sales of bras and duct tape.

babyhitler

Wed, 09 Jul 2008 17:28:32 -0500

So selling clothing was basically a sham so they could collect the tenant improvement payments? this is the equivalent of taking in orphans so they can get the government check.

edEx

Wed, 09 Jul 2008 17:05:40 -0500

private equities, take notice!

aveB4life

Wed, 09 Jul 2008 16:41:33 -0500

what will venus williams and starbury do?

matty

Wed, 09 Jul 2008 16:28:30 -0500

TI cannot be constituted as revenue. I mean, unless it can. Oh and they had the best broker in the world to get that kind of money.