Thread regarding Charlotte Russe Holding Inc. layoffs

Wet Seal Layoffs Today

Check this photo out: http://i.imgur.com/JCAdGv4.jpg -- I worked at a corporate HQ for a retail company and we would also close stores with zero notice to employees after the store closed for the day because if we gave notice, there was concern the landlord(s) would change the locks and hold the stock hostage till payments were made for pulling out of a lease early. So we would set up the entire store to be emptied, and lock up the doors with chains from midnight - 4am. Then staff would find out the store closed by getting to work and seeing the chains on the door. This is also the reason why each retail store is called 10025674 Ontario (or whatever Province after a random number) Inc. instead of the company name. It makes it easier to file bankruptcy on the individual stores without affecting the main company, thus allowing them to not be charged for fee's for breaking lease (among other things). The employees didn't know till whoever was scheduled to open the store the following morning would show up only to see chains on the door and the store to be empty. We (at the corporate office) would hire an outside agency and get a few of our transport trucks to be there late at night and they would have the entire store empty before the store opened the next day (all done in about 5-6 hours). So there was no concern over employees not showing up, stealing, causing problems, etc. because they don't find out (not even the managers) until they show up and see an empty store that is chained closed. Once we had a giant restructuring and even managed to do this to 10+ stores in 5 provinces all in the same night so that word wouldn't get out beforehand.

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