I do not think any of the Clubs that are vulnerable to Closure would be a surprise.
There has been consolidation going on for some time. The real test here is that there are No New Clubs opened and none planned currently. As we know it takes several years to identify sites , get the required approvals and analysis. Then the Construction or conversion of existing structures in takeovers. So easily 2- 2 1/2 yrs.. this should tell you all you need to know. No growth or plans to expand the foot print. So more Closings cannot be a shock. They will come after end of Holiday season and as we enter the fiscal year. The Company is leaving the Club business to Competitors. It is not the future. It will continue to shrink , positions and overhead will be eliminated. Eventually it will be peeled off and sold . Just following the logical process. I do not pretend to know anything more than my fellow team mates. I do however recognize the signs of a unhealthy business model. Clearly we have all the signs. All we can do is ride the wave unfortunately. Nothing we say or do will do anything but cause people unnecessary anxiety. I do not wish to do so, but do know the writing is on the wall. When you close 63 locations and continue to grind the grist from the mill, it’s not headed anywhere positive. I would say to all of my brothers and sisters wherever you are in the food chain.. prepare for rough seas!
God Bless us and best to all!
Certainly hope that @VT4hRb9-cbn is wrong about this, but it is very true that the company shows no signs of growth plans or plans of expanding the store footprint.