With all the layoffs, expenses for third quarter still reported as being UP?!?
Where is all the money going?
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Come to think of it this is why the geniuses in California have two sets of prices on their website pissing off and losing online customers in the process. ML is having a oh noes moment and trying to drive the sheeple back into the more profitable stores too late and the two sets of prices just looks stupid way to go Walmart that’s progress
It’s because ecommerce is a less profitable business. Think about how much it would cost you to get a package to someone within 2 days. Look at the earnings 50 percent growth in ecommerce yet total sales or revenue growth around 4 percent what does that tell you? ML big plan to beat amazon and turnaround growth, ECOMMERCE is cannabalizing our store sales making our brick and mortar stores less useful. In a way all this focus on ecommerce is digging us into a profitability hole that will be hard to get out of