I dont want to let my guys down. Should I tell them to seek employment somewhere else or will my store remain open for now?
11 replies (most recent on top)
Once the company wanted followers doing checksheets instead of leaders, not understanding the financials and following the HQ inexperienced direction, ziti was over.
Back in the day, store manager ran their stores and were successful. If direction actually came from HQ, if you did the opposite, you were successful.
It was a bottom up company and became a top down. No one then learned anything
@1dph What markdowns are being given that shouldn't? The only times my store deviates from the price in the system is when a customer requests a price match to Sears.com, or the shelf tag is verified to be wrong.
My manger calls me in his office to help him read the financials of the store. He has no idea what he is looking at or what the numbers mean. All he knows how to do is get people organized to stock shelves and do whatever the DM tells him to do. Without the DM telling him what to do everyday he would be lost.
Well, it ain't over till the fat Eddie sings.
you are obviously are not familiar with EIS, better known as the P&L.... Those expenses that you have listed are NOT surprises for a Store Manager. Quite the opposite. They can they see them at all times. One HUGE problem is, there are so many SGM's out there that do not look at EIS and have no clue what their profitability is. One of the many down falls of this company. You do not need positive sales to make money. You can make money by keeping your MARGIN up and cutting expenses. MARGIN is the key to all. So, all of these stores giving markdowns that they shouldn't have been killing themselves....
SYWR's = death of the company......
you should have your employees look for other jobs when not on duty because you know in days or months they will all shut down. It is better to find new work when you have a job
Nobody on the store level knows for sure if their store is profitable. There are too many expenses allocated to stores that we don't know about. Positive sales is only one indicator of a store's profitability. Some expense examples are utilities, taxes, rent, insurance, etc. One Sears store in our district closed when it was supposedly very profitable. Turns out it wasn't profitable at all because the store got hit with two big worker's comp allocation expenses by corporate. Hoffman Estates is the only one that truly knows if a store is profitable.
Those so called profitable stores that you speak of were also REIT stores. Once you factored the REIT in, they were no longer profitable.
Profitable locations have been getting closed too. Nobody is safe.
Is your store making profit? That should tell ya what you need to know.
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