Ok folks! Rush is over. So how was it? Anybody feel like it was a success? This is the first rush we've gone through with the new HO people. Did anything change? Is Follett relevant on your campus? Did I miss an uplifting DG message telling me what a good job we did?
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I still don't believe they plan to pay STI bonuses. There will be another last minute announcement.
I think the word would be creative accounting not basic accounting. The numbers have been moving around in various buckets quite a bit. As long as they get straighten out before the auditors. I am sure they will change before any bonus are paid.
Numbes came out. Daily sales doesn't come close to matching OFS reports. I feel there's gotta be some basic accounting idea I'm missing
They did not release the numbers
How could with so many stores reporting terrible sales
They lie so much its so wrong.
Huddle today, DG message was great rush with major improvements across the board.
Most are disappointing in more than one division.
Purdue dissapointing.
The beauty of a privately held company is that the family sells their shares back to the company at the "calculated" market value. What a shock the market value calculation has increased each of the last two years despite the performance. They are allowed to sell back once each year. Price is only calculated once each year. This is why stock price is talked about at each town hall meeting, yet very few employees own any shares.
It's a privately held company. Only the stockholders have to know the truth. Their ability to sell shares is likely limited, but management can't lie to them. Employees have few rights. Lying to employees is a best practice. So here's what you'll be hearing; Near record results with better results expected in the winter term. The trends that spell trouble for B&N's regular retail stores are driving great results through college and university stores. The low margin, high risk, high volume text book business is being relied upon less and the strategy is paying off. Amazon can win the low margin business. If you own the store front you win the impulse purchase, the Mothers' Day gift, the sweatshirt for the uncle or the boyfriend's mom. Amazon can't touch that. All is well. Oh, and make sure you resume is up-to-date, because with the high volume business going to Amazon, so are your jobs. It's been good and it's been real, but it hasn't been real good.
My sales stink. Inventory should be fun. Counting all this crap.
I will believe that the day that I have my bonus check in the bank. There is absolutely no reason to believe anything you say. Too much misinformation and outright lies have come out of senior management. You really expect me to believe the total nonsense that has been coming out of ML's mouth? Really? I am extremely bitter.
The gate is so wide open you can drive a truck through it.
sounds like someone is cooking the books.
Beat last year's sales, but confused. Each week sales were exceeded vs last year yet suddenly in at least two cases MTD and YTD jumped for last year to exceed sales. So, I don't know? No response from anyone I've asked.
My region looks even with last year. Some up some down some towing the line. We'll see how the rest of this week plays out.
From the 40% of stores results I am aware of, I guess it's the other 60% percent of the stores, go figure.
Sounds like spin to me. When you listen carefully and compare everything that is said, it doesn't make sense. Experience last year taught all of us not to believe them. It will take a lot of reliable information to get their credibility back. So far, I haven't heard anything I would consider reliable.
The spin last year didn't match the results and that was the problem. The learned their lesson and no spin this year, just much better results.
I'd trust that more if it came directly from the stores. Way too much spin coming out of home office.
The spin I've been hearing sounds suspiciously like the spin I heard last year before they finally admitted that financial results weren't good. Makes me skeptical.
Some stores had poor rushes, but many were quite good according to my home office contact. Lets hope so, daddy needs a new pair of shoes.
The store I work in had a disastrous rush. Just terrible.
What is really going on in the stores? You must have a feel for how your sales are going by now.
Yay! More layoffs!
The plan is for you to be the difference. You're the difference.
Continuing same strategy one here one there.
How did Purdue with the new off campus Amazon competition?
What is the damn plan? they don't communicate that any longer?
More excepted layoffs starting in October.
yep, they also told us that bonuses were still viable right up until the end of January. They lie to keep people motivated.
I have heard the same thing as 32935, but last year was poor so comparison to it is not a good measure. Even a blind squirrel finds a nut once in a while.
Ditto
I'll be certain to report our results, once the quarter opens, with the disclaimer that my results aren't too important
Follett puts all their eggs in one basket - they will look at the big name four year schools for the rush temperature.
Quarter schools don't come back until late Sept/early Oct.
I call BS 32935. Back up your claim, because everything is trending the other way.
How did the new software work out?
Definitely better than the last. Not over yet.