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Non-Tech : Sunglass Hut RAYS- Will it ever breakout?
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To: marc chatman who wrote (429)8/19/1997 2:12:00 PM
From: Dr. Jeff   of 971
 
Good work, the only problem is we don't know what the margins were. One of my concerns was what James Hauslin said in the press release dated July 10th (when June sales were released). He said; "We are pleased with the progress made in our ongoing efforts to reduce and refresh inventory levels as well as the corresponding improvement in corporate liquididty. This was accomplished through a combination of inventory returns and exchanges with our vendors as well as through price reductions of selected product. THIS ONGOING INITIATIVE IS EXPECTED TO DEPRESS GROSS PROFIT MARGINS IN THE SECOND QUARTER."
Check it for yourself, he said it in print. It makes me pretty nervous when it's that black and white. Also, I can't find reference to the upgrade the RAYS got last week. What happened to it? Kind of mysterious. Best of luck.
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