Thread regarding Office Depot layoffs

50 Stores to Close

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Post ID: @OP+YIGpWAm

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Well...what Office Depot is nothing, compared to the rest of the Retail....Closing stores doesn't mean going out of Business..Walmart closed hundreds stores during its life...and a company with no debt...cannot go out of should know if you know a little bit of accounting. Consider Amazon...Amazon has 50% size (revenue) of Walmart but they empoyee almost 4 times less employees...That means that less employees doesn't mean less just means MORE Automation and less stores.

Charlotte Russe, Family Dollar, Abercrombie & Fitch, and Chico's announced more than 1,100 store closings in total over the course of 24 hours this week.

The news comes one week after JCPenney, Gap, Victoria's Secret, and Tesla announced that they would close more than 300 stores.

These announcements bring the total number of planned closures this year to more than 5,300.

Payless ShoeSource: 2,500 stores

Gymboree: 805 stores

Charlotte Russe: 520 stores

Family Dollar: 390 stores

Shopko: 371 stores

Chico's: 250 stores

Gap: 230 stores

LifeWay: 170 stores

Fred's: 159 stores

Performance Bicycle: 102 stores

Victoria's Secret: 53 stores

Kmart: 50 stores

CVS Health: 46 stores

Bed Bath & Beyond: 40 stores

Christopher & Banks: 30-40 stores

JCPenney: 27 stores

Lowe's: 20 stores

Walmart: 12 stores

ETC..:ETC...ETC.... I Guess Thousands of ex employees of those company are going to write several bad reviews about the company...but when I read the company customer often looks like Customers are very unsatisfaid about employees... so...some of them (not all, of course)...deserve to lose the job...

Post ID: @khym+YIGpWAm

A company with almost no debt (just 35M$ net debt) cannot go BK...I guess you don't know much about accounting.

Post ID: @ktdh+YIGpWAm

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