It was announced Wednesday that staff reductions are happening across about 50 stores. Impacted associates have been informed. The operations manager position has been eliminated and staffing in store support positions such as CSR and Porter/Warehouse have been reduced. Impacted associates have been informed Wednesday/Thursday that their last day of employment will be Saturday.
Seems to he a precursor to store closings. A lot of internal rumor that smaller volume stores will close. Potentially entire markets. Stock is getting beat up and q4 results will fall far below expectation