Heard there weren't going to be any store closures. Is this true?
4 replies (most recent on top)
I used to work with real estate at Verizon. I can tell you makes it more sense to close a store, or transfer the store to an indirect on a case by case basis because of lease expiration dates and some lease will allow subleasing while others will not.
It does not make sense to one day close a bunch of stores at the same time. But I have been seeing Verizon stores close, or get transferred to indirect slowly over the past year. So it would seem leadership will keep doing this until they get the company owned stores down to whatever number they are going for. But it will take time.
I'd trust your GM over the anonymous posts on here. So much of it is conflicting.
I work In a mall location that just got Remodeled. I can't imagine them closing our location. We are In a premium mall with high traffic. Has anyone else heard any concrete facts that stores are closing? My GM said not to worry
What's been most recently posted is that mall stores and small market underperformcing stores will be closed or franchised in a rolling fashion. That was from a soon to be ex-DM.