Bad economy and alienating more prospective customers.
Their handling of the breach was pathetic though.
“Bad economy and alienating more prospective customers.”
Just as sports teams shunned families/affordable tickets for corporate boxes and wealthy fans, I guess some stores are just appealing to those consumers who normally aren’t burdened by the costs of providing for a family. Doesn’t work if that much larger “normal” population walks away because of it, but I think many of these large retailers see the writing on the wall (their business models are also being “fundamentally transformed”), and they’re just trying delaying actions while management seeks an exit. A short-sighted strategy, targeting customers that don’t produce another generation of potential customers, but they’ll take from the perverts what they can before they inevitably scale down or go completely out of business.