Thread regarding ShopKo Stores layoffs

The real villian

while Amazon, walmart, target etc. played a large role in the decline of the company, let's not forget who's fault this truly is..... Sun Capital. between the million dollar quarterly "consulting fees" as well as numerous other tactics they employed, they continually filled their pockets at the expense of the company without putting much of anything back in. they knew what they were doing. They are more akin to the mob but all their actions are "very legal, very cool".

by
| 566 views | | 4 replies (last )
Post ID: @OP+Y9gsPoY

4 replies (most recent on top)

I worked for shopko for 23 years. When I started in 1995 it was a wonderful company to work for. They really cared about their employees and your coworkers were your second family . When this company closed the pharmacy where I worked they just told our manager that we were closing over a conference call. They didn't care at all about the people who worked for them.

by
|
Post ID: @1atr+Y9gsPoY

Totally agree with this comment. Capital management companies are gutting American retailers for everything they can get, then running them into bankruptcy.

by
|
Post ID: @fuj+Y9gsPoY

I agree that sun capital destroyed the company.

by
|
Post ID: @qzn+Y9gsPoY

I worked at Shopko for more than 15 years. I loved it. But once they removed the cash office employee and changed how they reconcile their money each day, I knew it was over for them. I got out while I could. I feel bad for the employees who put their hearts and souls into the company and had retirement and all that for what? It became a company with no pride or integrity. You were constantly told to do more with less by people who didn't work in a store. Hours were cut, people were cut, even the janitorial staff that cleaned the stores were cut. It then became the job of the receiving clerk to clean the store each day. You couldn't find a friendly employee if you were on fire. Staff was snarly and management spent their time at the corner of the building smoking. I really did love my store and the employees there, but I stopped shopping there a long time ago.

by
|
Post ID: @dbg+Y9gsPoY

Post a reply

: