What we see is a business that was struggling, then reversed flat growth in the fall of 2011. Since then, growth has been reasonably robust. On the surface, things look good.
The next chart I look at is a rolling twelve month analysis of twelve-month buyers.
This business had marginal growth in the number of twelve-month buyers, followed by a significant drop that started in late spring 2012.
The customer file is in decline. Top-line growth continues. What do you think is happening at Kaley's Knits?
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