Thread regarding Bed Bath & Beyond layoffs

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Hmm!!! BBB is apparently the "Turn Around" of the Century ???? Any thoughts on this my fellow coworkers?

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Post ID: @OP+17kyXSr4

13 replies (most recent on top)

I work in corporate and keep hearing from the stores- They don't have enough inventory on popular items.
Customers are returning online purchases to the physical stores- stores are not processing them at all or processing them incorrectly. So online sales look good but in reality they are down.

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Post ID: @8yxm+17kyXSr4

"They will be out of business in 2 years!"
Shouldn't be wasting that wisdom and knowledge in retail. There is money to be made with that inside.
But I do agree 2 yrs from now we will look back and admire your Nostradamus post.
More LAYOFFS!!! Bankruptcy!!!

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Post ID: @1blc+17kyXSr4

They will be out of business in 2 years!

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Post ID: @1zuq+17kyXSr4

ASM here. I got the F out. After 16 years and no severance offer. I watched this company go from great to a sh– show in those years and for the first time in a long time....... I’m happy!!!! I took a pay/pto cut and got into a completely new line of work with a smaller upcoming company that actually cares for their employees. It’s a diff feeling inside to say the least. Most B&M Retail careers are no longer safe in this digital age and I have young children that need me on the weekends. ✌️ out BBBY

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Post ID: @rsd+17kyXSr4

Agree with most of the thoughts above. When you layoff people, close stores, hold off paying rent for stores, holding off paying rent on corporate offices, still have people furloughed (with the intention of laying them off) and paying stock holders dividends-to the stock market it looks like you are improving.

But when they are forced to pay rent, very little customers/transactions in the stores, online sales are have slowed and the return rates are high. The stock price will course correct itself again.

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Post ID: @kje+17kyXSr4

I do not own any stock.but WHY keep posting that do nothing but stir up negativity? Let it go..move on And yes your posts are easy to spot.

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Post ID: @wbd+17kyXSr4

A real big turnaround when they are announcing to customers that the wrong stores are closing... 😔

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Post ID: @hcc+17kyXSr4

"I'm not that person. How much stock do you own?"
Neither am I and I don't own any stock. I've work with the company for about a decade. Some of you are holding on to the past. Your relationship with the company has become toxic. With any toxic relationship it's time to move on and let go. There are many opportunities out there rather to hold onto the past. I'm searching and potentially have landed a new job elsewhere. 🤞

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Post ID: @axy+17kyXSr4

Dear My thoughts?

I'm not that person. How much stock do you own?

I just point out what we all know, and as you constantly remind me, retail is a losing business for people on the bottom.

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Post ID: @ejl+17kyXSr4

Turnaround when uou hit thr front door.

And don't pay rent, either.

Hmmmmmm

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Post ID: @czf+17kyXSr4

"Not much of a turn around when its just been two massive layoffs and store closures."
That's part of the turn around success. Company was bloated with useless RMs DMs ARMs etc... Obviously they are always gonna be some exceptions. But it's time to move on and let go of grudges. There are better opportunities out there if you feel the company doesn't fit your needs anymore.

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Post ID: @shr+17kyXSr4

Not much of a turn around when its just been two massive layoffs and store closures.

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Post ID: @xfr+17kyXSr4

My thoughts? I wonder why you often post about your dislike of MT and how incompetent he is. Your posts are easy to spot. Let it go..move on..stop trying to stir up negativity

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Post ID: @dnj+17kyXSr4

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