Just received an internal memo regarding the sell of 75%! of all flagship and below retail stores to Authorized Dealers. Most are will go to Prime Communications and some (>20%) to other dealers. It is an 18 month plan depending on remain leases on the store locations. Experience stores were phase I of VI. Some severances will go out but most will be inhospitable jobs such as overnight call center jobs. Retail East will follow shortly.
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Prime will run those into the ground and will spell the end of retail ad we know it.
Oh boy! More mess up sales!
Contract states that 20% of stores will remain corporate owned until 2026 at least when the contract renews. You realize it’s already nearly 20/80