Now that we finally know results for the last quarter, we know we are looking at more layoffs and closures pretty soon.
Which means that the following days or weeks will be excruciating. Knowing that something big is coming but not knowing when or exactly what is worse than not knowing and being surprised with it, in my opinion.
Good luck all.
Stop waiting. For the love of God, be proactive! Get out!
@V90ezBX-cfj Yeah right, don't buy that for a second. More for sure are incoming.
It is not about sales, it's about profit. Clearance and liquidation increase sales, but destroy profit. When you lose money on sales, it results in a half a Billion Dollar loss for the quarter. The point is to increase profit, not sales. What is so difficult to understand about that ?
Just no way to spin a 508 Million Dollar loss in 3 months. Lower revenue, lower sales, fewer locations, fewer assets, huge debt. What's left ?