Are we closing the rest of the 34 stores This May or this year?? Or do you believe we are done closing stores this year and just cutting more jobs in stores?
3 replies (most recent on top)
Oh, I'm sure there's a lot more than 34 more stores on the chopping block. This business model cannot continue.
For example, my store is inundated today with RTVs. The number of winter coats that could not be sold, even at discounted prices, is astounding. The loss of profit in both carrying this inventory and then selling it for pennies on the dollar has to be staggering.
ODS? Typical Tuesday traffic. And by that, I mean no traffic at all. We are empty. And I'm in a top 150 store.
When do you think this will be announced???
I believe it is going to be both. Further staff reduction store line (HR Support AST) and closing more stores.