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Post by MoBuckChaser on Dec 3, 2019 23:58:21 GMT -6
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Post by Tooln on Dec 4, 2019 3:26:35 GMT -6
It's sad that there are pricks like that.
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Post by sd51555 on Dec 4, 2019 6:54:24 GMT -6
That was a sad deal. I owned Cabelas stock when that happened. Their same store sales were flat lining and their stock was getting beat to death over it. However, inside the numbers, their credit card operation (The World's Foremost Bank) was pumping out 20%+ revenue growth. This was the whole reason the sale was so valuable. By the time they were sold, Cabelas was being shopped to Wall Street like a bank more than a sporting goods retailer. Everyone had a Cabelas card for the 2% rebate on Cenex purchases.
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Post by kabic on Dec 4, 2019 10:58:02 GMT -6
I hate the same store sales metric. I dont think it is realistic to have a mature chain to continue have greater same store sales.
You probably don't want it to decrease but i think most growth should come from new stores.
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Post by sd51555 on Dec 4, 2019 11:04:40 GMT -6
I hate the same store sales metric. I dont think it is realistic to have a mature chain to continue have greater same store sales. You probably don't want it to decrease but i think most growth should come from new stores. Exactly right. I look to it to see if sales are falling, but if they're flat, to me that's not a bad thing. That's the Tractor Supply case. Their same-store numbers are influenced more by inflation/deflation and delays or early arrivals of seasons. If you're not bringing in new products, new customers, or new uses for existing products, you can't expect growth. Tractor supply is marching towards 2300 stores in the US, then they'll have to figure out how to grow from there. That will be a few more years yet.
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Post by sd51555 on Dec 4, 2019 11:06:35 GMT -6
I hate the same store sales metric. I dont think it is realistic to have a mature chain to continue have greater same store sales. You probably don't want it to decrease but i think most growth should come from new stores. Exactly right. I look to it to see if sales are falling, but if they're flat, to me that's not a bad thing. That's the Tractor Supply case. Their same-store numbers are influenced more by inflation/deflation and delays or early arrivals of seasons. If you're not bringing in new products, new customers, or new uses for existing products (like horse stall pine shavings for your sh*t bucket), you can't expect growth. Tractor supply is marching towards 2300 stores in the US, then they'll have to figure out how to grow from there. That will be a few more years yet.
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Post by kabic on Dec 4, 2019 11:50:58 GMT -6
I just looked, Dollar General opened 900 some stores last year, that is crazy. Back when I worked at their HQ it was around 500 a year and i thought that was alot.
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