And when you uncover this "strategic design to the abuse," what do you and the others that fall for the stupidity plan on doing with the information? It's not like you can go to a higher being and say "look what they're doing to us" :(.... either... — read more
Textbook prices are too high
I hope you avoid layoffs, good luck to everyone. Textbook prices are too high period, Follett is typically the most expensive option. God bless.
RE: 3821: Please share what you've experienced
In my store there has been a debilitating level of one-on-one abuse and harassment. I've had colleagues resign without other jobs due to the stress and abuse. What does it look like in your store. You don't have to name names or even positions... — read more
Harassment 101
Are managers trained on how to harass and intimidate people? Is this what they do at the private management meetings. Maybe it's just my department? I'm reaching my limit.
Anonymous3772 I doubt it
“In view of the company’s overall full year results,” she said in the company’s press release, ”my senior team and I have recommended that we forgo our personal annual incentive payments for 2013.” CEOs shunned their bonuses with some frequency... — read more
I'd turn down a bonus too..
...if it wasn't such a GIANT PERCENTAGE OF MY YEARLY INCOME. I still see there's no mention of them this year. Thank you, and goodnight.
IBM’s Ginni Rometty says no to a bonus
http://www.washingtonpost.com/blogs/on-leadership/wp/2014/01/24/ibms-ginni-rometty-says-no-to-a-bonus/
RE: 3665- It IS management's job to anticipate retail trends!
Yes, those of us on this board are critical of management. Amazon wasn't a top secret plan unveiled in 2010! The students have been congregating around booklists and comparing prices for years! At Stanford, students actually complained on Yelp about... — read more
Why is Follett still acquiring new stores ?
I'm in an institutional store being taken over by Follett. Can't understand why Follett would still be trying to acquire new stores. 14% commission, guaranteed income to the university and Millions in upfront payouts doesn't make sense to me. Also... — read more
To 3665
"Our structure is going to hang us just like all the retailers with heavy real estate and mall presence." Follett doesn't own the real estate the campuses do. If the campus needs a bookstore they should have gotten a new contract with the campus and... — read more
To Anonymous3605
You are correct, the total layoffs is 120 from April, 70 from October, 670 from November, 10 January - so far. 870 Total. Countless more people have left and positions not filled.
Anonymous3667 OMG
You will bankrupt the company even faster. Follett operated a chain of off campus stores (FX stores) - couldn't compete before the internet - would never be able to now - the market has shifted. Closed the majority of off campus stores down. Ever... — read more
3665
I'm a store manager. I could rattle off a dozen ideas in a minute that should have been happening for several years that have nothing to do with technology. The technology issue is definitely the last straw. Guaranteed Sales was always a disaster... — read more
To 3665
Cut the contracts forcing follett to operate a store, have off campus locations that cater to the broader campus community. Stop pushing efollett to become another amazon--this would have been innovative pre-2005. Now, its just another copycat model... — read more
To Anonymous3649 and all others critical of management
I see many posts critical of management in general. Unfortunately my belief is this is an industry thing and soon we will be gone. Just like many other retailers that were successful before the internet. For those criticizing, I am interested in all... — read more
I agree!
The layoffs can't happen soon enough for me.
Lay me off.
I've had enough.
Follett Shareholder Meeting Today
Lets see if they look past the rhetoric, and at the results for the 1.5 years.
2014 layoffs
The start of 2014 layoffs is just around the corner.
3556
Isn't it more like 700 or 800 total for the year?
The writing is on the wall
The publisher's are going to go directly to the schools and now so are the clothing manufacturers. The "for profit" schools versus state and private have implemented many changes and the state and private will follow suite. Excellent bookstore... — read more
Can our leadership create and maintain double digit growth
It's Senior management's responsibility to guide the company, to recruit and maintain the highest quality of staffing, to create and maintain customers, to set the standards of service to those customers and to be an example of how we should treat... — read more
Middle management
Everyone is always talking about senior management. What about middle management? I find most of these people a bigger joke. Some seem clueless while others are yes men and will do Whatever their manager wants them to do no matter if it's right or... — read more
To Anonymous3402
Rush results are the same as they were in Fall. Same decline, but why would it be different since no changes have been made by the new leadership team in a year. Oh wait, I think they moved the data center from one location to another so it could be... — read more
@"the artist formerly known as 812" - the best name ever
man, you're creative :-)
So, what about the rest of us...
Hooray for ND and their coup, but are the rest of us damned to stocking the Eternal Non-Selling League? 80% of your revenue comes from 20% of stock, and our 20% is not kept in stock all the time. It's damn near impossible. Is someone sleeping with... — read more
3294- An enterprising buyer following dynamic leadership would surf the energy generated from such a big announcement to huge success!
Corp intel couldn't be so bad that this announcement took them by surprise, could it. I mean if I paid a ton of $ to pick up the ND logo, I'd have regular meetings with the AD to learn about changes that will affect my investment. Was this not done?... — read more
Rush Results?
Anybody heard how sales have been during rush? I am thinking that will drive further reductions.
To Anonymous3294
You are right, Fanatics and all the other retailers purchase/license the same merchandise we sell in our stores. In fact, Fanatics is working directly with the campuses as well. Competitive pressures have never been higher across our entire product... — read more
They finished breakfast and lunch and starting on dinner....
Direct agreements between clothing manufacturers and athletic departments undermine the campus store. http://t.foxsports.msn.com/college-football/what-richest-ncaa-apparel-deal-ever-means-for-notre-dame-ua
To Anonymous3112 (1.5) I agree with 3178
Information that is not shared through normal communication channels, but should be. Because Follett employees aren't getting any information now. I don't think any competitors are worried about Follett either. I do you think those people (1.5) who... — read more
To Anonymous3112 (1.5)
This site is not the same 3-5 people reading and commenting. I work in the OB home office and many, many people check out this site for information that is not shared through normal communication channels. Especially about the home office layoffs... — read more
Agree with shocked@670.
Yes, do the right thing and give two weeks notice. No more sympathetic could I be to wanting to just walk out, but don't stoop to their level. The measure of one's character is not how one acts when things are easy, but when they are difficult. When... — read more
3103; give the two weeks because you're a professional!
Follett has taken so much. Why let them take your professionalism, too? You know its the right thing to do. You would have expected that from your team. Be the good example. You know that once you're gone, there are no good examples coming down the... — read more
Our part time students are walking out!
Do any of our VP’s actually understand the dynamics of a college bookstore? Our part time student employees are not your typical part time employees. We offer them minimum wage, flexible work schedule and a small discount. The job they do is not... — read more