Thread regarding Sears layoffs

How do you find out if your store is on Path to Profitability (P2P)?

I've heard that P2P stores have one of the highest risks of closing. I have a feeling ours is on that list. How do you find out?

by
| 643 views | | 4 replies (last October 4, 2016) | Reply
Post ID: @OP+JHtNuR5

4 replies (most recent on top)

Amazing. So a store gets put on the "path to profitability" and every action they take pushes the store toward going out of business.

I've been observing this process for nearly 40 years and it's still hard to believe management never figures it out. They can't cost cut their way back to prosperity.

by
| | Reply
Post ID: @vxc+JHtNuR5

Yes your store is closing

by
| | Reply
Post ID: @vnx+JHtNuR5

Is this the same case for Sears? I'm guessing data integrity lead is for Kmart. We lost our softlines ASM two years ago to be replaced by two hourly leads for softlines. A month ago, the two softlines leads and our salaried hardlines ASM was taken away to be replaced by two "zone managers", one hardlines, one softlines.

Sales have slipped considerably year over year for the five years I was at my store. The only thing that's keeping us off the list is the fact that our building is not leased, I guess. Our particular site is in a very dead mall in a small, economically challenged town...not exactly a hot buy in Eddie's portfolio...

by
| | Reply
Post ID: @jmq+JHtNuR5

If you are on it, they will eliminate all but one softlines lead and the data/pricing lead will be combined in one job, with a reduced data calendar. The receiving lead will also be eliminated and most DSD will be consolidated to one day. Hours for the entire store will be cut drastically. You will only have one salary manager - the SM. The HL and SL will be hourly supervisors.

by
| | Reply
Post ID: @csd+JHtNuR5

Post a reply

: