When you're legends in your own minds, it's important to keep up appearances. The mortgage payments on the Boca condos and Costa Rican beach houses aren't going down, and $75 wine is still, well, $75 wine. Business class fares are very pricey and Omar isn't going to fly coach anytime soon. Time to borrow another $billion, drain the future earnings pool, and keep promising that real soon now, hordes of millennials on their smartphones will race in for 365 baking powder, 365 generic chips and 365 Greek yogurt. I hear they love weighing their own apples. It makes them feel empowered.
3 replies (most recent on top)
I can't wait for store leadership to start fighting it out! Welcome to Thunderdome B--ch!
I'm thinking that investors are about to bail in a way that forces management O-U-T. This is the kind of selloff that feels like what happens when there's some kind of accounting scandal brewing. Could an investigation be coming? It's painful to watch them continue to founder. Investors must feel like Charlie Brown right now, lining up to punt the ball only to have Lucy snatch it back so they fall on their butts...again and again and again...
People like Omar is what is wrong with WFM. People like Nenez is what is wrong with WFM- these folks have no crew on how to run a business anymore. I was at a few WFM stores last week in almost 6 months, morale is at its lowest and team members are just getting by and waiting for a paycheck. The stores looked very dark. The mentality of the current crop of managers (not leaders) is so misplaced and makes really sad to watch. The level of arrogance is beyond reasonable comprehension. Iam glad they are finally digging the 6 feet grave for this once powerful company. Close all regional offices and focus on the core business.