Ailing Retailer Cites Poor Acquisitions as Reason for Slow Growth
According to a story in Forbes, Wild Oats Market expects to open 10 new stores in 2006 and stated that it could open another 450 stores according to a market saturation analysis. Okay folks, another 450 Wild Oats stores. That’s about as likely as yours truly showing up at the Expo with a sundress on and washboard abdominals.
More reasonably, Oats management stated that poor acquisitions were the cause of its low comparable sales.