Monday, August 25, 2008

The Gap: We've never had a real estate strategy?

Boy, if I were a shareholder of the largest apparel retailer in the US, I'd not be a very happy camper. No real estate strategy? I find that almost impossible to believe, and lawyers say some pretty unbelievable things for a living. So now they want to cut store sizes. So does everyone and their mother.

I do know this, albeit not first-hand: Gap does -- or at least did -- have a strategy on the legal side when dealing with leasing. Ask someone in the business and they might be able tell you what I am talking about.


Anonymous said...

Well, I hope there lack of a strategy causes them to be forced into giving up some locations so that H&M can move in. I should have loaded the truck with H&M when it was down. Sweeden only has a 28% tax rate. Granted they will have to pay the socialist 35% plus state in the land of high taxes US. But, I would like to see H&M grow and make a buck where they can.