Every year we close 300-400 stores anyway, just relocations.
Sentiment: NEGATIVE
In the U.S. and Canada, we have one store for every 12,000 people.
In some markets, we don't have a lot of room to expand. We've done studies of store density and essentially found our more dense markets have more than one store per 15,000 people.
Doing a residency in any particular city requires a large repertoire to ensure repeat business.
In every jurisdictional area that I can get my fingers on, I want to move us away from the Washington insider economy.
Every month that we do not have an economic recovery package 500 million Americans lose their jobs.
The markets where we've got real good presence are the older, more mature markets like Australia, and Western Europe - where we've only got 6,000 stores, compared to the US with 13,000.
We have the fact we sell out every week to 67,500 and hopefully 75,000 in the future. We have a lot of assets.
We need to preserve our neighborhoods, our small business, our local economy.
As the graying of the country continues its march forward, many retirees are now relocating to dense urban centers for the cultural and social opportunities, access to public transportation, and the ability to shop nearby for food and household needs without depending unduly on others.
You know, we opened a record number of stores last year.