A Couple Quick Retail Bits
Jo-Ann Stores (JAS): is actually hiring holiday workers, whoa! I recently wrote about a lot of retailers that are planning to hire less temporary help this year. Apparently last quarter Jo-Ann Stores had success including a trend toward hand-made holiday gifts. Interesting... (and my original CAPS pick of JAS actually did have a thesis that was heavy on the idea that in the "new normal" climate, a lot of people were going to remember the whole concept of making things themselves... I guess we shall see, but wow, hand-made holiday gifts). Anyway, I don't track JAS all that closely (which is embarrassing since it is a CAPS pick that has gone quite well, so maybe I will start following it more closely!) but I do find this interesting.
Talbots (TLB): Yuck. I missed this back in mid-October.
Blockbuster (BBI): Well, I haven't looked closely at the company or its financial condition in a long time although I am pretty sure it's safe to assume things are still plenty rough for Blockbuster. All I know is every day on my way to work I see a Blockbuster on my route that's covered with big "sale" and "closing this location" signs. (Oops, here we go, Rick Munarriz covered planned store closures recently and I missed the news.) I guess I should pop in and see what DVDs I might pick up (maybe I can finally add The Shining to my collection, since it's one of my all-time favorite flicks?) but an ugly sign of the times nonetheless...