Mike...you need to do more research and stop peddling misleading...

Mike...you need to do more research and stop peddling misleading rubbish on store numbers. Your numbers aren’t just rubbery, their Shiite. It’s not hard...the answers to your ‘store numbers’ will be found in the 1h19 presentation in Feb and the Wilsons presentation in May gives detail on the projected build out in FY20 (3 to 5pa over next five years or so)
most people who follow ADH closely know that store closures are a result of (1) closing small unprofitable Myer concession stores and (2) merging smaller stores into their large ‘upsize’ store concept which are more profitable per sq metre of floorspace.
Fact: the store footprint is growing as are the online sales.
what the present economic cards might deliver is anybody’s guess but business 101 tells you that capital light companies with little to no debt will fare better.
im off to Bali for 10 days now, look after the shop!