Thread regarding Speedway layoffs

I'm now worried about possible closures

How are we to know that location closures are not the next step they are planning to take? Considering the lack of transparency around the whole process, I wouldn't be surprised if they sprung something like that on us out of the blue. I swear, I never used to worry about this, but now I can't stop thinking about it.

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Post ID: @OP+1hXR6JCh

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Speedway had way too many middle management positions. Way overdue.

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Post ID: @whsj+1hXR6JCh

It’s doubtful many stores will close. They will sell some off here and there and maybe close a few stores here and there that aren’t profitable or have unfavorable leases, etc… but one of the main reasons 7-11 acquired Speedway was part of a long range plan to increase market share by increasing store count and as an entry point into some markets where 7-11 did not yet operate… however… since such a large number of corp and ops support roles were cut it will overtime likely have adverse effects on the stores and the ability to execute or be innovative.. hard to do without human capital behind the scenes… and if 7-11 starts applying some of their poor practices to Speedway stores, the sales will likely fall over time. To better sum it up: short term, likely not… long term is anybody’s guess

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Post ID: @ilf+1hXR6JCh

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