Maybe that's true in some sort of a common sense perspective, but the closing of those stores still translates to diminished growth from an investor's perspective which will tend to really punish the stock price and put more pressure on the leadership for cost cutting and/or restructuring.
I don't think I agree that slower growth due to closing stores necessarily leads investors to sell the stock. A typical metric in retail is same-store-sales. If you close a BB store that is in close proximity to another BB store, its possible (probable?) that the surviving store could see a jump in same-store-sales. Investors may see this as a good thing.
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Maybe that's true in some sort of a common sense perspective, but the closing of those stores still translates to diminished growth from an investor's perspective which will tend to really punish the stock price and put more pressure on the leadership for cost cutting and/or restructuring.
I don't think I agree that slower growth due to closing stores necessarily leads investors to sell the stock. A typical metric in retail is same-store-sales. If you close a BB store that is in close proximity to another BB store, its possible (probable?) that the surviving store could see a jump in same-store-sales. Investors may see this as a good thing.