Re:Fabric and craft retailer Joann to go out of business, cl...
by jordanb on Tuesday February 25, 2025 @11:49AM
(#43174277)
Joann was owned (and killed) by private equity.
Going on a rampage against in-store inventory is a classic PE retail move.
In-store inventory is expensive, subject to shrinkage, etc. So by the spreadsheet, less inventory looks good. But of course, if it's not in-stock when your customer shows up, that's a wasted trip. Only has to happen a few times before your customers quit showing up altogether.
Going on a rampage against in-store inventory is a classic PE retail move.
In-store inventory is expensive, subject to shrinkage, etc. So by the spreadsheet, less inventory looks good. But of course, if it's not in-stock when your customer shows up, that's a wasted trip. Only has to happen a few times before your customers quit showing up altogether.