In a statement, a spokeswoman for The Associated Press said that while the retailer’s sales decline is “partially attributable to the economic downturn,” the company is taking “aggressive steps” to diversify.
“Second-hand shopping has been a core part of our business strategy, which includes expanding our retail portfolio and adding additional stores,” the statement said.
The spokeswoman declined to say what the measures were.”
In addition, we have implemented some aggressive measures to improve our bottom line.”
The spokeswoman declined to say what the measures were.
Second-Hand stores have been among the most resilient in the industry, with the vast majority of stores in the U.S. operating for longer than two years.
They are also among the biggest retailers in the world, with sales rising every year over the past few years.
According to a recent study by brokerage firm Pimco, second-home sales in the United States increased by 1.4% from a year ago, while the industry average grew by just 0.6%.
The AP story said that over the years, retailers have been increasing the amount of space in their stores to accommodate the extra space.
This has helped them to keep their inventory more in line with expectations, and to attract customers from across the country.