It often happens that when a retailer gets into dire financial straits, the solution that springs to mind is to sell off underperforming assets and plow the proceeds into shoring up a group of stores that's doing well. If that works, it may then be possible to shed all unproductive stores and reinvent as a new entity. Regrettably, that strategy doesn't work very often. In many instances, action starts too late for a group of viable stores to remain, and the underperforming assets have been ...

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