Coming off a big jump in Q1 sales fueled by the coronavirus pandemic, SPWH discussed its growing e-commerce business at the William Blair investor conference. It is scaling back new store openings to just 8-10 this year to improve its debt/EBITDA ratio (currently at 1.8x) and focus on its growing online sales. SPWH is taking an opportunistic look at real estate as department stores and other retailers shutter stores during the downturn. CapEx of $23 to $28 million this year will go for new store openings and tech platform improvements. About $2 million is earmarked for DC site scouting in ... Log in to view full article.