Post #1187503
2026-04-16 09:54 UTC
@V0ldek@awful.systems @sansruse@awful.systems @cstross@wandering.shop The serious answer is that, like many smaller high street retailers, its business - and its business model - got entirely destroyed by the pandemic.
Replies (1)
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@syllopsium@peoplemaking.games 2026-04-16 10:07
@A_C_McGregor@topspicy.social @V0ldek@awful.systems @sansruse@awful.systems @cstross@wandering.shop Considering they did an IPO in 2021, not so. It's incredibly obvious they were stupidly overvalued. actual generally successful shoe shops don't see that sort of value, and it's also obvious to anyone not on drugs that sustainable anything is not a mass market success story (unless they also magically manage to be cheaper than the alternatives). So, no, it's another pump and dump.