I'm failing to find a list of closing stores and that's unnerving. From some posts here I know some stores have already been notified, but is that true for all 150 stores or just some? I'm trying to figure out if we're still in danger of closing or if I should just worry about layoffs at this point.
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Does anyone realize how much all the severance packages will cost the company? Once they pay off all of their current debt that has been piling up for months, there will not be a whole lot left to do anything. If the cash burn is 400-600 million per quarter, this ship is sinking very very soon.
Safe? Really? Are people who were not laid off yesterday or informed their store was not closing seriously thinking they are safe? If so, for how long? Anyone left is not safe. Do some reading, there is literally an article on Yahoo Finance titled "BBB Is a Sh-t Show". Another states the Chapter 11 paperwork may already be filled out and all they need to do is submit it. Saying you are safe is like standing on a five foot wide island surrounded by water and high tide is coming. Everyone left in any of the BBB concepts should feel anything but safe.
No we are not safe if our store was not notified today. The company said they are still evaluating which stores to close and it is an ongoing process with more stores to follow. So no, we are not safe if we weren't notified today if our store is closing. The emphasis was on on going evaluation and process.
If you didn’t hear anything today about your store closing, you’re store is safe.
I would like to know as well. Freaking out a little. So we dodged todays bullet but what about tomorrow with no store closing list out there?