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Stock impact report

Comfort food, fast food brand closing dozens of restaurants [Yahoo! Finance]

Noodles & Company (NDLS) 
Last noodles & company earnings: 2/26 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: noodles.com
Company Research Source: Yahoo! Finance
That's something Amazon's account firm, Archamedia Accountants, stressed to IFAMagazine “It is important to recognise that despite the many store closures in recent times, retail is not dying, but evolving. Therefore, it is essential that businesses constantly adapt and react to the market. Store closures themselves don't always need to signal a ‘downfall' or an ‘end;' sometimes they can signify a key step toward financial recovery and a shift in focus on areas such as e-commerce.” Penn State Smeal College of Business Assistant Professor Hari Sridhar and his colleagues from the University of Texas and Michigan State University found that selective closures can be a positive. "Researchers find that chain retailers with a high market share tend to gain firm value when stores are closed but that value suffers when new stores are opened. Store closings enhance firm value by closing less profitable store locations, but new store openings may raise concerns about profitability," thei Show less Read more
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