If this only impacted Q2, then how come stores did off cycle inventories last year when not know theft adjustments were out pacing the allotted shrink reserves for stores base on shrink goals? Why didn't senior leaders react to the staffing model, shrink reduction and sales and service models at that point to increase profits. Seems like di-ks sporting goods knew theft was an issue but hadn't reacted in a more strategic way? Reduction in your lp force to reallocate sources to safety and operations doesn't imply that you're reacting to external theft investigations or mitigation, which would have been the appropriate reaction. It sounds like Loss prevention doesn't have the support from store operations to truly impact the results. Were still under the mentality that service will help prevent or identify the issues, which it should, but service is obsolete in several of your stores. So this will continue to be an issue in several locations and I'll be watching for the Q3 excuse Lauren and team will have. Congratulations on your people first culture.
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How do you think C*rolyn in business dev got promoted. She’s an id--t so she knew what she had to do (allegedly but we know its true) Gold digger two faced rude nasty snake.
As long as the senior leaders are getting their di-ks wet by melisa Mcm and Kathy Schr, and the other wh--es, this is the corporate world of the future.
It was a lie. This is the pattern now. Clear out middle management and long term employees every 3 years.
2017 layoffs
2020 layoffs hidden as “Not returned from furlough”
2023 layoffs.
Ed is a lying sociopath
They needed a bs excuse to use so they used theft. In reality they are making bad business decisions and those managers and directors making those decisions should be fired, not the people beneath them. This is why they are being investigated for securities fraud and unlawful business practices and lying to their investors. I hope they end up in jail. Will be interesting to see what excuse they use for the failing business in Q3 and Q4.