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(Delish.com)   "Bath & Body Works had a strong quarter. Its online sales grew 85% over last year. It expects its sanitizer products to grow into a $300 million business this year, up from $100 million last year." So it's a PERFECT time to close 50 stores   (delish.com) divider line
    More: Strange, Neiman Marcus, Body Works stores, summer-ready scents, L Brands, Body Works, Chic scents, online sales, J.Crew Group  
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148 clicks; posted to Business » on 27 May 2020 at 2:26 PM (7 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



13 Comments     (+0 »)
 
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2020-05-27 1:53:57 PM  
Ah, management by stock price.
 
2020-05-27 2:03:19 PM  
It probably makes sense to reduce their number of brick-and-mortar stores as long as their sales are shifting online and away from those stores.  Especially if those stores are in already-struggling malls that are about to be ended by coronavirus.
 
2020-05-27 2:18:15 PM  

anfrind: It probably makes sense to reduce their number of brick-and-mortar stores as long as their sales are shifting online and away from those stores.  Especially if those stores are in already-struggling malls that are about to be ended by coronavirus.


Yeah, this.  Malls are going to be empty in a lot of places for quite a while.
 
2020-05-27 2:33:14 PM  

enry: anfrind: It probably makes sense to reduce their number of brick-and-mortar stores as long as their sales are shifting online and away from those stores.  Especially if those stores are in already-struggling malls that are about to be ended by coronavirus.

Yeah, this.  Malls are going to be empty in a lot of places for quite a while.


Most malls were shut down during the lockdown.  If a store was borderline to begin with, it makes sense to never reopen it.
 
2020-05-27 2:36:58 PM  
They're closing down before their stock drops because the market demand is clearing up.
 
2020-05-27 3:13:41 PM  
I couldn't hang out in a Bath and Body Works store for more than a few minutes without getting a headache. I can browse online for much longer, so I understand the decision.

/Moonlit Path FTW.
 
2020-05-27 4:01:42 PM  
I thought they were merging with Bed Bath and Beyond?

Bed, Bath, and Body Works and Beyond?

Baron Bloodbath loves Bed Bath and Body Works and Beyond.
 
2020-05-27 4:04:13 PM  

Geotpf: enry: anfrind: It probably makes sense to reduce their number of brick-and-mortar stores as long as their sales are shifting online and away from those stores.  Especially if those stores are in already-struggling malls that are about to be ended by coronavirus.

Yeah, this.  Malls are going to be empty in a lot of places for quite a while.

Most malls were shut down during the lockdown.  If a store was borderline to begin with, it makes sense to never reopen it.


They are owned by the parent company that owns Victoria Secret.  VS sale to a private equity Sycamore Partners fell thru.  VS has been bleeding cash like a stuck pig since Epstein's death.
 
zez
2020-05-27 6:06:35 PM  
My wife orders their soaps online 20 bottles at a time if they are having a deal. It's great because liquid pump soap has been impossible to find around here.
 
2020-05-27 6:13:06 PM  
When the online sales grew by 85% Y-o-Y and people aren't allowed to enter your brick and mortar, it'll all the more telling that physical stores are going the way of the dodo.

The retail store concept has met its end. Coronavirus is just a bit of a nudge to it.
 
2020-05-27 7:56:58 PM  

dericwater: When the online sales grew by 85% Y-o-Y and people aren't allowed to enter your brick and mortar, it'll all the more telling that physical stores are going the way of the dodo.

The retail store concept has met its end. Coronavirus is just a bit of a nudge to it.


Sears had that same thought over a hundred years ago
 
2020-05-27 8:08:26 PM  

chitownmike: dericwater: When the online sales grew by 85% Y-o-Y and people aren't allowed to enter your brick and mortar, it'll all the more telling that physical stores are going the way of the dodo.

The retail store concept has met its end. Coronavirus is just a bit of a nudge to it.

Sears had that same thought over a hundred years ago


Without a post office how's that stuff going to get to your house ?
 
2020-05-27 8:43:12 PM  

chitownmike: dericwater: When the online sales grew by 85% Y-o-Y and people aren't allowed to enter your brick and mortar, it'll all the more telling that physical stores are going the way of the dodo.

The retail store concept has met its end. Coronavirus is just a bit of a nudge to it.

Sears had that same thought over a hundred years ago


Ironic, given that their demise has been due to them stubbornly clinging to the exact opposite business model.
 
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