RYU Apparel Inc V.RYU.H

RE:RE:RE:RE:RE:Bricks and mortar

[athleticsguy]

I hate to see my prediction come true but here we go.  This will be the first of many store closures.  Next closures will be Metrotown and Thurlow locations, and then the rest of the stores on the East coast are next.  It simply doesn't make sense from a logistical and cost perspective to have a handful of stores spread out across North America.  We'll see RYU trim down their locations until they only have B&M stores on the west coast of North America.  If they still don't have the cash flow then we will see them close up stores in the USA until only a couple of stores in Canada (ie. Park royal or W4th) are left.  Essentially following in Kit and Ace's footsteps.

I am willing to leave my investment dollars in the company until the end as it's basically a total loss at this point anyways.  I hope they turn it around but they need to make more difficult decisions in the future, and FAST.