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A relocated store returns to the comparable store base in its fifteenth full month after relocation.
Non-comparable store sales include sales from our stores before they have begun their fifteenth month of operation. Cost of goods sold includes the cost of merchandise, freight, distribution, inventory shrinkage and store occupancy costs.
Store occupancy costs include rent, real estate taxes and common area maintenance charges. Store operating expenses include store associate payroll, taxes and fringe benefits, advertising, maintenance, utilities, depreciation, insurance, bank and credit card Gander mountain analysis and other store level expenses.
General and administrative expenses include all expenses associated with operating our corporate headquarters. Pre-opening expenses consist primarily of payroll, rent, recruiting, advertising and other costs incurred prior to a new store opening.
Comparable store sales decreased 6. We opened one new Gander mountain analysis during the second quarter of fiscal compared to four new stores during the second quarter of fiscal Total square footage as of July 29, increased We believe the comparable store sales decrease and the overall softness in sales is primarily attributable to i reduced spending in advertising and promotions, ii our focus on our Everyday Low Price strategy that resulted in fewer promotions to drive customer traffic, iii lower levels of clearance merchandise available to customers, and iv cannibalization from some of the new store openings and new competition entering some of our markets.
Major factors primarily affecting gross margin in the current quarter were: As a percentage of sales, store operating expenses decreased basis points to In addition, we had a modest gain in store labor productivity.
These benefits were offset in part by the de-leveraging of most other expenses as a result of lower-than-expected sales. General and Administrative Expenses. As a percentage of sales, general and administrative expenses decreased 30 basis points to 5.
We opened one new store in the second quarter of fiscal and incurred costs related to our five new stores we plan to open in the third quarter of fiscal In the second quarter of fiscalwe opened four new stores.
We also experienced higher average interest rates of approximately basis points during the second quarter of fiscalas compared to the second quarter of fiscal We did not record an income tax benefit for the second quarters of fiscal or fiscal due to the uncertainty of the realization of the net operating loss carry forwards.
We have determined the realization of the tax benefit related to our net deferred tax asset is uncertain at this time and a valuation allowance was recorded for the entire balance of our net deferred tax asset.
Comparable store sales decreased 8. We opened three new stores during the first half of fiscal compared to ten new stores during the first half of fiscal We relocated one store during the first half of fiscal During the same period of fiscalwe also relocated one store. As a percentage of sales, gross profit decreased 40 basis points to Major factors primarily affecting gross margin in the comparable six-month periods were: Gain on Contract Settlement.
We opened three new stores in the first half of fiscaland incurred costs related to our five new stores we plan to open in the third quarter of fiscal In the first half of fiscal we opened ten new stores.
We also experienced higher average interest rates of approximately basis points during the first half of fiscalas compared to the first half of fiscal We did not record an income tax benefit for the first half of fiscal or fiscal due to the uncertainty of the realization of the net operating loss carry forwards.
Liquidity and Capital Resources Our primary capital requirements are for inventory, capital improvements, pre-opening expenses to support our new store growth plans, and, to the extent of the highly seasonal nature of our business, operating losses.
Overall, our efforts to manage inventories have resulted in lower levels of inventories in our recently opened new stores, as well as a reduction in inventories in all our stores. There were also seven fewer new stores opened during the first half of fiscal as compared to the first half of fiscal We used cash primarily for tenant improvements and equipment to open new stores and to remodel and upgrade existing stores.
There were three new stores opened in the first half of fiscal and ten new stores opened in the first half of fiscal Purchases of property and equipment in the first half of fiscal also included expenditures for equipment for our distribution center, information technology equipment and office furniture and equipment at our new corporate headquarters.
Our financing activities were utilized to fund our continued store expansion, including inventory, property and equipment, and to fund our operating losses. To meet our liquidity and capital needs, we entered into a credit facility with Bank of America, N.
Our obligations under the credit facility are secured by interests in substantially all of our assets.Access denied | caninariojana.com used Cloudflare to restrict access -. Examine the Location Analysis for Distribution Centers story map for the Skechers corporation (link located on class website).
Examine the different analytics and make a similar series of story maps for Gander Mountain. Gander Mountain is now Gander Outdoors. Camping World Holdings, whose chairman is Marcus Lemonis, star of the television show “The Prophet,” acquired Gander Mountain and its Overton’s.
As of January 31, , the company operates Gander Mountain outdoor lifestyle stores, including three outlet centers, providing approximately million square feet of retail space in 23 states. The company was founded in tactical shooting drills & handgun training you can take to the range!
your 24/7 all-access membership gives you the convenience to . GANDER MOUNTAIN CO holds sales signals from both short- and long-term moving averages.
In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average.