We should still get paid for awhile while management rushes to hire some more VP's!
13 replies (most recent on top)
Well, that infusion worked well, didn't it? Paid off the vendors for 90 days past due bills!
MFT is probably the worst excuse for an RVP that you can possibly come up with.
No energy, no enthusiasm and generally just not engaging to talk to. When she holds a Teams meeting you just shake your head in utter disbelief. We couldn’t do any better than this? MT parted with his entire executive team about 60 days in and replaced them with a bunch of untalented clowns.
Other than hiring Tritton the d-mbest Sh*t they have done lately! In the mid-Atlantic area DM & SDM both resign within 2 weeks of each other. Audits for 5S who are you sending what to? One has to think what did they know we don't? Or did they listen to the look out in the crow's nest on the Titanic when he warned ICEBURG!!!!! Jumped into the lifeboats and we here going down with the ship. And the band played til the end. Bye Bye BBB
SM here, what audits are you speaking of ???
We will see what they waste the money on this time.
This is like getting a new credit card to help pay for the other 10 that are 90 days past due. Just kicks the can down the road.
hey everyone, forget about the inevitable bankruptcy or borrowing more money we can't pay back to pay bills we couldn't afford in the first place; make sure your backroom tables are properly labeled, and you have tape around all conveyances, and ESPECIALLY around the receiving tables that never move! i can't help but laugh at how they're still trying to push all this 5s cr-p, like there's nothing more important to focus on right now....more then half the stores in our district don't even send their audits anymore, lol
Nobody in their right mind is buying Baby!! OP sounds like a kool aid drinking sm or dm… This cash infusion has to go to the vendors to help cut the negative publicity and get product back i stock. The margin loss on dumping own brands is going to ki-l us. This just bought us a few months but doesn’t change our path
next earnings call wont matter. its what happens after the holiday that will. once we start telling investors we have transitioned out of the owned brand merch and back into the national brands, if there is no traction with sales and traffic then that's the end. Also, we will soon be comping to these awful sales numbers from the prior year, so our comp %'s should naturally look better. Or its really over.
Borrow money to pay bills you can't pay while bringing what you owe overall even higher. Great decision! If sales remain as they are filing chapter 11 won't even help now. If sales get worse in the next earnings report BBB is instantly six feet deep.
Are we really supposed to take it as this will save the company?
They’ll just pi-s it away on corporate salaries instead of buying merchandise.
They need to sell Baby and put that money back into BBB and also update the Omni business. My store does over 200 orders a day.