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October 29, 2009 From Seeking Alpha:
"These [massive store closing} moves [at RideMakerz} are consistent with their strategy to operate primarily in tourist venues and to develop products for sell [sic] to third party retail outlets." ---- Selling wholesale was never a stated main strategy. And for good reason; savvy investors would have cringed. Low margin, high risk. As for limiting stores to "tourist venues, I don't believe Indianapolis and Minneapolis qualify as such. What REALLY was their original stated goal? In 2007 RideMakerz boasted: "...it is hoping for the kind of explosive growth that turned Build-A-Bear into a 260-store chain with a presence across the USA." Rating :
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