Let me say this... it does not matter how many new accounts your store gets, how much bronze you get. If your store was classified a "neighborhood" by id–t Genette, look for a new job or get ready to transfer. I worked at a neighborhood store in the Southwest/Arizona/ San Diego region and although we got way more new "apps" and bronze and were always making plan and blowing other stores out of the water on the Fine Jewelry trunk shows, we got the axe. Now take our sister store, which I transferred to.... Not making credit at all nor bronze rarely being above plan, and we barely made PTG for Q4, like the lowest tier. And that is a "core store".
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Neighborhood stores = stores identified to close by the end of 2022. This was a group of about 135 stores that the company committed to closing in three years to investors. Most of these stores are smaller, all are in poor performing malls, the three year period is to ensure that the company has time to sell them or find the most cost effective method to close them.
Biltmore vs Scottsdale stores right?
I could be wrong but aren't neighborhood stores basically smaller stores? Same concept as Walmart's neighborhood stores?
I'm sure Macy's would rather close a neighborhood store than a store that is located in premium location.
Where I work, there are 2 Macy's within 15-20 minutes from each other, both in good malls. The other store is in premium location, so they were part of the 50 growth, so they got all the renovations and LED lighting, looks really nice. The other store which I work at, does better in sales, barely, but we are basically equal in regards to $$ generated.
What makes it a neighborhood store? Like in a dying mall ?