Loblaws (TSX-L) is still looking for ways to score on Joe Fresh. Days before a hurricane was to shut down NYC the Fifth Ave store is selling decent rain jackets at $19. No sense of supply and demand. Rain jackets are now very important in NYC. Not to mention you will never cover Fifth Ave rents by selling $19.00 items.
Arithmetic not there. Wall of worry seems very high on this one.
George Gutowski writes from a caveat emptor perspective. Join him on twitter@financialskepti