From memory TRS close about 10+ stores every year so I wouldn't...

From memory TRS close about 10+ stores every year so I wouldn't be too concerned. Better sites come up all the time and even if they have to pay out a lease to get a better site, this is the sign of a good retailer. Also, the reality is some sites just don't work well despite all the planning, and it's better to take your medicine quickly if its not working. TRS's net cash position also puts it in a great position to manage its store leases aggressively.
As to the discussion on shorting TRS, I struggle to see why TRS would represent an attractive short, particularly when compared to other candidates on the ASX. Volatility alone doesn't justify a short, you need a fundamental and sustainable rationale as to why the market has got it very wrong. Even then, the market can send you broke before you are proved right (and a takeover can do it in seconds). So if someone has shorted the stock, please let us know your rationale so we can all benefit from the information. If you have shorted it, you should be happy to share the information as it may help to generate your profits more quickly.