I never thought I’d say this, but BBB is beginning to resemble Sears and Kmart. Those companies are hanging on at the end of the rope and I’m wondering if it’s just a matter of time until we are in the exact same predicament. At the rate we’re going, I don’t doubt it'll be soon.
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I agree there will be cuts coming. They keep hiring more people in the home office.
Hiring another director! Must have money someplace....oh wait I’m sure it’s at the expense of a hard working person who has put their heart and soul into their career.
It is getting worse, but it won’t be that soon. First they will try to cut as much more as possible to try to reduce expenses further and make the company look good enough for a private equity firm to take the company private. Then they will load the company up with debt to complete the transaction all while giving the executives huge retention bonuses to stay on for the transition. Then the real milking will begin until the eventual bankruptcy and liquidation. It happened with TRU, Sears/Kmart is near the end of this.