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To: E_K_S who wrote (40313)11/29/2010 5:38:07 PM
From: Arthur Radley of 51743
 
(SMRT)

I'm not sure about them renegotiating any lease arrangements, but it appears they aren't in the high-end mall segment. The one I visit is a fairly upscale mini-mall that is anchored on one side by a Home Depot and the other side a Sam's Club. Adjacent to them is a Pet Smart store.

It does appear that they are active in closing any low performing sites. This from their last Q report.....

Store network

One store was closed during the third quarter bringing the total number of stores to 263 on October 30, 2010, compared to 267 at the same time last year. As previously announced, the Company opened three new stores this month, including one relocated store, which completes store openings for the remainder of 2010. The Company expects to close one additional store at the end of the fourth quarter of 2010 resulting in 264 stores at year-end.

I like to do my own research into stocks that I own.....so I've been know to sit with a good book and watch traffic levels....got a golf game planned for tomorrow, so will try and see how traffic is holding up mid-week. Then retail data is expected Thursday...so this week could show if the trend is holding.
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