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$GCO said that 1Q17 inventory was down 13% YoverY on a sales decrease of 2%. Excluding Lids Sports, inventory was down 6% with retail square footage up 3% and sales up 3%. Journeys inventory was extremely clean and when not including Little Burgundy, it was down over 1Q16 level. Including Little Burgundy, Journeys inventory was up 3%.
You are such a letdown $FII. I regret not selling you when you were nearing $33. Now I am stuck with you, you are stuck with me!
Can you imagine a food store with no cash registers? Well, it is coming true soon thanks to $AMZN. The company is opening its new grocery store in Seattle and it has no cash registers. AI takes over!