I am going to revise my earlier comments re the implied SSSG being positive 1-2% in 2H ... I have just updated my little BLX model and I am now calculating negative 1% SSSG in 2H16. When these retail stories start printing negative SSSG it is usually a very bad signal such as (but not limited to) increasing competition, store canabilization, poor inventory management. Time will tell if any or all of these are in play .....
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