Think about this: who ever thought that Border's Books would close? A large chain of stores comes with an incredible overhead, especially real estate and leasehold costs. An inventory that tends to remain static (ie. high end guitars or a ton of books on the shelves) does not help the balance sheets. You want your customer making frequent visits and purchases.
One item not mentioned in the discussion is that GC also owns the Music and Arts chain.
My guess is that Bain Capital will just dump 'em and see if they can salvage any of their investment by carving up the company.
__________________
”Lorem ipsum dolor sit amet”
|