I'd say it was spent trying to bring in new inventory because the stock they bought earlier in the year (hoping to earn bigger gross margins) wasn't selling leading into Christmas. I don't think there was a huge store expansion program underway which would account for all of it.
Probably coincidental but the increased secured facility draw-down ($67m) is similar to the inventory write-down amount ($60m).
DSH Price at posting:
35.5¢ Sentiment: None Disclosure: Not Held
