This is totally my gut but here is 2 cents on Bed Bath & Beyond Bankruptcy. We will be bankrupt in about 18 months. They (execs) will try do do a few extra tricks but overall, there is nothing transformative in the approach and at some point we'll have to pay the piper.
I have no track record in predicting bankruptcies, so take my 2 cents with a large grain of salt - I just feel that things will be over relatively soon, but not soon as in tomorrow or next month.
Bankruptcy is the perfect way to escape, put the founders in jail for all the injustice they did before being thrown off the board!!
Get rid of your high paying SM’s they aren’t helping, they are laughing and s—ing the life out of bbb. You don’t need OPs show them the door and don’t offer them a different position they make more than they are worth! Call back the backbone of the company, dept mgrs if they will even come back. Start with people who will really work and have shown years of loyalty to BBB. I know people that had in excess of 10 years and worked like there was no tomorrow gladly, I’m one, call me.
@10vnNSBx-pwg you touched upon the reason why these changes won’t work: store/district/regional managers. The ones in our region are stuck in the past and are only reluctantly going along with the changes. Their favorite sentence is “This is how we’ve always done it.”
For any of this to work, everyone who is a store manager or above needs to go. We need new blood and new ideas, otherwise this isn’t going to work.
I don’t know if I agree. I feel like there are a lot of big changes happening right now. But, things like merchandising will only make an impact if the whole store m/ district/ region/ company do the same thing! I travel to many stores and I can say that so many people don’t do the new things the guides ask, because they have to reset a shelf line, rethink or remap a room, or do the proper thing. I don’t see the bankruptcy thing being a real issue, I think that if anything you would see more large scale store closings based off of performance rather than just “lease expirations”
I can only speak for the region I work in, but they’ve said a lot about big changes, big changes over the years. Problem is, nothing changes. All we see is more of the same old outdated thinking that got us into this mess to begin with. The definition of stupidity is doing the same thing over and over again and expecting a different result.