Any news on a change to the IBO?!?
Any store level cuts coming.
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@3ddq I saw it also. The President of ESL said it in interviews in the media as well as the court.
@cbs, if that was publicly announced, could you please provide a source, cause I couldn't find any statements mentioning anything like that at all.
Yes there are far too many employees in the stores. They are tripping over each other just trying to do their jobs. At lunchtime they overwhelm the local restaurants. They cause local traffic jams leaving when the store closes. Their combined weight causes undue pressure on the floor supports.
No more full timers or benefits. Most buyers, IMX, IT, regional directors, and HR being cut.
Heard all full timers will be let go.
One of his minions testified they would close 3 stores a month for at least the rest of 2019.
look at your stores p&l and that will tell you. If low ebidta you will be gone before 4th quarter or sooner. sorry.
Unfortunately yes. Eddie's ESL spokesperson has publicly said that out of 425 stores around 156 are not performing well. Eddie has said throughout this process that he would close stores that were not performing well. He also said he was going to run the on going stores lean. He takes possession of the stores this Sunday February 10th. I doubt he will do anything right away. Keep your fingers crossed.