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It's Time for a change

My impression: it's time for a change.
Raul has changed the Exec Board, tried a lot of things. Nothing helped.
Now a new leader will be looked for, with a new approach, new cronies.
It might take some month still, but I got a feeling the exchange of the CEO is inevitable.

What's your impression?


Saks Global Store Closing List and Locations Remaining opened as of Friday, March 6th, 2026

https://filecache.investorroom.com/mr5ir_saksglobal/1237/Saks_Fifth_Avenue_and_Neiman_Marcus_Store_Portfolio-Remaining_Open.pdf

https://filecache.investorroom.com/mr5ir_saksglobal/1236/Saks_Fifth_Avenue_and_Neiman_Marcus_Store_Portfolio-Closing_Locations.pdf

https://www.youtube.com/watch?v=mjfw4zK3Oq8


What's the dirt on Scotty the Science Lab?

A few questions regarding 3M's mascot, Scotty: Who watches him all day? What does it cost to have people watch him? Where does he go at night? How much did it cost to trademark his name: The Science Lab? How much time and money went into this decision (legal, PR cost, etc) to acquire him? Was he a rescue dog/puppy mill/legitimate breeder?
Is there any chance he will get laid off or spun-off?
Maybe a better mascot would be a black widow spider or a preying mantis, you know, one's that eat their own.


BB has a habit of tearing things down

BB seems to lose money by tearing things down to rebuild them. In 2021, he bought a $7M house on a Florida golf course and demolished it, building a new multi-million dollar home in its place. In the meantime, he bought a $4.1M condo to live in, which he dropped a ton of money into renovating, and sold it for $3.1M to move into his newly built home. Wasting money tearing things down - is what he's doing to 3M?


Nike layoffs in the news

https://www.reuters.com/sustainability/sustainable-finance-reporting/nike-records-300-million-restructuring-charges-after-recent-layoffs-2026-03-05/

300$ million sounds like a really high number and not adequately explained by recent Converse and DC actions, IMO. point being the upcoming purge is going to be big!
Please comment.


Cascade 3 - Offshoring

Was in a meeting with managers a few rungs up the ladder than me when one of them fielded a question about "Reimagining". They mentioned that there's always been a "Cascade 3" and that it's happening in the next 3 months. They said more jobs will be offshored as a part of it but they don't know how much.

Has anyone else heard anything about this?