When the 850 million line of credit is gone

What happens next when the line of credit is used up? Mark Tritton has sucked it up and it’s only been 2 years. There isn’t much left.

Changing all the packaging for 8 brands and reducing inventory skus by 44% and all the other costly changes is just sucking up the line of credit with no real improvement.

Sales and traffic are down. A marginal increase in mark up from selling only owned brands is not reaping benefits. It’s costing money.

There are few items with brand names left. Associates and managers agree that transitions and slap backs are ridiculous. Sending pictures of rooms daily to show that you’ve covered up the holes from poor ordering is just insane. Transitions aren’t real. It’s just a fluff of the room to fill holes so it’s a flex or pivot.

And add that conversion is a priority. Ugh. So we’ll continue to push service from 10-4 to maximize sales to anyone that wonders in in hopes of meeting to goal. That’s not going to bring back profit.

Cashiers don’t like asking for emails and now they have to memorize the script for credit cards. Really?

Just some thoughts.

Comment! It's anonymous!

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No kidding. Not even in charge of our own ordering anymore. You know what we need? A $120 pillow that we’ve sold zero of in the last three months. Stores should have 100+ of that one. Forget about getting road salt, snow removal, or heated blankets to the stores in winter. Nope, have 80 cake domes and set summer IN MARCH!

The Corporate goon cancelled my post once again! What is this sh-t, CNN?

Company is a trainwreck

MT has probably used this disaster to embezzle so much money.

When the line or credit is exhausted, MT will blame the pandemic and supply chain issues for the failed turnaround plan. They will then file for chapter 11, reorganization protection. MT and some of the other executives will get huge retention bonuses to stay on during the reorganization, whether it’s successful or not. During this time they will pay the lawyers and consultants huge amounts of money and eventually announce the company will be liquidating. MT and the lawyers will be the winners walking away with huge paychecks for “trying to save the company”

I left bbby some time ago, but is the company providing a camera to take these photos to send in, or requiring managers to use their personal cellphones to send these photos?

i’m guessing you liked your own witty target post

Just go to Target..whats stopping you?

to the spellchecker: yeah, because weekly and sometimes daily issues with the ship out system, pricing workbench, the timeclock, etc. reflect so well on corporate

but at least we’re always very well aware that ‘IT is aware of the issue and working on a resolution’

Exactly!
Train them well!
Make sure they are the best they can be.
So when they quit and move over to Target for a better paycheck they’ll be well broken in.
😭

Cashiers dont like? If its part of what you are supposed to do..DO IT! OMG....another whiner who thinks they can run a company

"wander" not wonder. if this is an example of the associates we have, its no "wonder" our stores are in such bad shape.

Thread regarding Bed Bath & Beyond layoffs

When the 850 million line of credit is gone

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