Investment And InnovationDespite previously being a digital leader, the company's pivot to focus more on product innovation without a significant investment in digital infrastructure was seen as underwhelming.
Regional PerformanceStore growth targets have been reduced due to year-to-date store additions tracking below forecasts and ongoing challenges in Japan and France.
Strategy And TransparencyManagement did not provide a clear explanation on resolving issues in troubled regions like France and Japan, leading to a lack of transparency and conviction in their strategy.