ReBuild LL – A Proxy Fight to Boost Growth and Profits at Lumber Liquidators › Forums › General › Relocate stores instead of HQ? › Reply To: Relocate stores instead of HQ?
Simple answer is 2-fold: 1. High-visibilty locations = higher rent (higher overhead costs), and 2. mgmt in charge of real estate has been in rush / under pressure to open stores (without doing complete due diligence on store location/effective access/neighborhood).
Under-performing stores will be closed at lease term end.