Originally Posted by
percy
The fizz is out of the bottle.
Their business model was based on discounting? Discounting bringing the price back to what I would call the normal retail price.
As is in the case of most failed retail models rebranding costs a great deal and more often than not fails.
Same store sales are flat or negative while overheads are increasing.
Finally waking up years too late to online sales ,means that they are behind the pack here too.
My own view is LOV have taken the low end of the market leaving either the middle or upper end to MHJ,and I doubt they will survive in either of those.
A lot of clever people have lost a great deal of capital in the changing retail market.
Different this time.?
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