Thread regarding Bed Bath & Beyond layoffs

Do managers know already if there store is closing???

Because at our store we have been told that were not on the list of the stores closing. Hummm hopefully it is true and no surprises.

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Post ID: @OP+15YXXGAU

8 replies (most recent on top)

I already know of a store that’s closing because their lease is expiring and they don’t carry the traffic we do...and BBB made a specific notion to close locations underperforming where there is another one nearby. So as we got a fresh coat of paint in November and a store 15 mins away will be closing in the fall/winter. MUHAHAHA!!

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Post ID: @9neh+15YXXGAU

Most SMs know, they have been allowed to see their P&Ls for the last year now. They can see if they make a profit or not. They see their GM% as well. They have the full scope picture. They probably knew before corporate knew and did their research on each store. If they don’t then they aren’t doing their jobs.

Their DMs had them make action plans to get in the black this year if they were on the boarder, and every SM needed to have a plan on improving staffing, profit, staff contingency plans (for upcoming layoffs, closures, moves and PIPs). They had all of This due in late Feb. the 200 stores know who they are. They were also instructed to “flex the truth”. Saying thing like “we are profitable” means that they may make a profit at some point in the year, vs being consistently profitable, which is “we are a top profit store”. Those top profit stores are the ones who had those front end refresh’s las fall.
Also, they consider things like trends. Sure you made a 5% profit this year (not good- but hey it’s money!) but you are trending down each year for the last 3 at an increased rate compared to the company.

They do not care if a store is performing right now due to Covid. All of retail is performing because people just want to shop. They don’t even care where at this point of the game.

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Post ID: @4izm+15YXXGAU

They know. They’re just going to keep lying to us and keep up the appearance of being safe to squeeze the last possible dollar out of the store and try to get a bonus before the excrement hits the fan.

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Post ID: @2rmj+15YXXGAU

Oh Paaaa lease!! They know . How could they not know. Get out while you can. Worry about yourself. This company doesn't give a C–P about its employees !!!! Trust me there are better jobs out there for you.

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Post ID: @1cgk+15YXXGAU

Some know vague lists because they are starting to request fixtures from stores closing.

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Post ID: @afv+15YXXGAU

Like everything else, we’ll find out on social media before we hear it from management

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Post ID: @fhg+15YXXGAU

even if they did they wouldnt tell u get real

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Post ID: @sde+15YXXGAU

They Do Not know . Your manager is just making a general public statement to keep employees concerns to a minimum.

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Post ID: @nin+15YXXGAU

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