5 . Layoffs
How many boxes just got checked. These are indicator of how well a company is doing.
The next thing to do after making labor cut is to close non performing stores. HyVee will start closing stores that haven’t be profitable in years. Only make sense if you are trying to get lean. What do you do when employees don’t performer. You fire them. HyVee is will be getting rid of those non performing stores. Randy is not going to do these changes because he wants to. He is going to close store because has to or have HyVee go bankrupt.
Significant changes made by a long established company that has recently changed its business model is a strong sign of struggle. I believe that the small community stores will close. It’s coming folks. Walmart has ended their reign. No longer will higher prices be tolerated. The Hy-Vee “helpful smile in every aisle” is absent from most stores. Higher price can be validated with value added incentives. Hy-Vee now lack any semblance of service.