Pretty simple business plan. If a store is not making money, and hasn't for awhile, cut your losses. Why is that such a hard concept for them to understand? You're losing market share anyway.
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I will tell you labor is the top expense that they look at when things aren't going good.I ve been in the Gros business over 30 years and when they start doing this u need to get out.This is not good.
Is there a theory as far as a timeline that these stores are being given , to profit.. otherwise be shut down ?
Is this the true reason labor is being cut further and further by the week if not day???... it's been bad since the beginning of the year and this has never happened in my whole career of 10 years
A union won’t help hyvee right now. Sure it will do some good for the employees but it would drive HyVee to fail as a company at this point. They are doing cut because the bottom line is bad. They aren’t greedy at corporate. They are just trying to stay afloat. I would highly recommend all employees to look at employment options at other companies. Unless you are store director or above I would look for a new career. Find a new job. Don’t stick around.
Unionize
Well bed bath and beyond has too many stores that are not profitable. I’m sure the tax breaks have help them a ton. Look at them now. They will be gone by next year. No company will make it very long even without being profitable. HyVee won’t survive once more than half half the store are in the red.
Nobody on the store level knows if a store is making money or not. There are too many expenses and tax advantages available to companies that figure into calculating profitability or not. Be careful what you wish for. Your store may actually be one that is not making money.