Thread regarding Verizon Communications Inc. layoffs

wireless store closing?

Will there be anymore retail store closings this year or corporate stores turning to indirect and rifs for those wireless employees?

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| 1998 views | | 6 replies (last August 16, 2017) | Reply
Post ID: @OP+OIGqOt6

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They will continue to close and relocate. It's all part of the hub and spoke model. If you look at the recent smart stores, they are usually centrally located between multiple other stores. Eventually they will build the new stores, and sell the old ones off to resellers. Why have 3 corporate stores in a close radius if you can have one new one (staff 1 vs 3 stores and avoid the remodel cost). The old stores will be sold to indirect. End game will be 1 big corporate store (hub) surrounded by little stores authorized resellers (spokes)

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Post ID: @5szv+OIGqOt6

Really wish I knew. A manager told me last week we were opening stores? Not sure how true that is.

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Post ID: @4iiv+OIGqOt6

Get rid of them all

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Post ID: @2bfi+OIGqOt6

Of course they will close more stores. They were valuable when the business was growing but now they are just Unecessary operating expenses full of expensive employees. Retail distribution may be done for far less through a third party.

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Post ID: @pza+OIGqOt6

From my perspective they are not done, but moving slow and steady to avoid negative press and to stay out of the WARN act.

Just my opinion though

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Post ID: @snf+OIGqOt6

More then likely there will be but it will be a slow role out. Not anything to attention seeking so random stores here and there if necessary.

I'm wondering when the Solutions Manager cut is coming. I heard most stores will be cutting 1. I'm debating on if I actually want to make the cut or not.

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Post ID: @pbi+OIGqOt6

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