Saturday 3 January 2009

CORRECTION - FAILED STORES OUTNUMBER NEW ONES

Allied Brands sends out news stories telling about their "big expansion" plans.  These news stories are used to push the stock price up.  And then when the reality begins to awaken, the stock price slowly returns to the low price.

Earlier this year they said "big expansion in WA".  In fact Baskin Robbins shops only close, and no new ones open.

Just recently Allied Brands and Baskin Robbins Australia says "nine new stores this year".   How is this good, when ten or more stores close?

Like these:
Henry Dean Plaza  (less than six months, Korean people dudded).
Sydney Penrith  (small ice cream case shoved into Cookieman while Chinese people dudded)
Sydney Rouse Hill (two year shop closed, Indian people dudded)
Hamilton NSW  (one shop failed, lawsuit filed, new store opened, closed in less than a year)
Bondi Jct  (four year shop fails in busy mall, more Indian people dudded)
Rockhampton (two shops fail, more people dudded)
Bondi Beach (opened, failed, reopened with Cookieman, failed, Canada people dudded)
Townsville Willow (part of successful Subway shop, chinese people dudded)

Allied Brands also announced "big interest in Cookieman franchise from many countries in Asia and Middle East ----announcement by end of year".

What year?


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