“...So why they want to close 5 stores in a hurry?
To save on labor costs, or because inventories are low and prices are rising? 5 stores is a very tiny portion of the 4500 they have.”
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I’d bet that these 5 locations are perpetual money losers. It’s routine for good companies with numerous locations to periodically close ones that are not contributing to profits and open new ones that have more potential.
Plumbing as an excuse for avoiding 60 days notice however is NOT good if that is really the case.
Livingston was NOT a marginal store. Another thing I just thought of,...There are MANY vacant stores all over that have been used in the past. During the aftermath of Hurricane Rita, the old WalMart in my town was used by FEMA to sign up people for help. There is a clothing store in about 1/4 of it now. It would be easy to use the other part overnight. WalMart probably has hundreds of stores that are vacant after they moved to their new store. 5-6 store closings may just have been in strategic locations that had no “old” stores.
“Plumbing as an excuse for avoiding 60 days notice however is NOT good if that is really the case.”
The thing is, they’re paying all of the employees 60 days of wages (or giving them the choice to relocate to another store). So they didn’t get out of anything.
They’re giving away all of the perishable goods to local food banks. Massive money loss there.
None of this makes sense.
Plumbing as an excuse for avoiding 60 days notice
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Then why are they offering jobs at other locations or 60 days pay?