Originally Posted By ArmedPete:
I would not cry if Gander went under, but they are building a new store in La Crosse? Would they build a new store if they were closing up shop?
Sportsman's was opening up new stores, some just weeks before they changed ownership, and downsized. It happens.
In a company like that, the tactical decision to "go build a store at XYZ" is sometimes at some managerial/director level, and up at the VP/President/CEO/Board level is where they're keeping the "Holy shit! We might have to sell, get bankruptcy reorganization, or just go tits-up soon!" very close to the vest.
And despite the looming trouble, things like decisions to build more stores remain, because the upper management might still be praying they can squeak through the current crisis, and don't want to show any weakness outside the company, such as cancelling a new store. Or because other corporate/fiscal shell games are being played, like new stores being counted as "assets", while "liabilities" like construction loans/mortgages/leases can be deferred, or listed elsewhere, which can inflate the total company's value.