So I’m having a hard time understanding why we aren’t profitable. Margins are good - most stores are profitable sales are declining that is true but they’re still bringing in profit. Rationalizing the store footprint to limit and axe non profitable locations
Is it head office? What part of the office is burning the cash? We have seen so many people cut it is crazy that we still as a whole not profitable.
How much are these consultants costing us?? Are they really making any difference?
The writing has been on the walls for years. This started a long time ago.
The cost of leasing/running the headquarters bldg seems like a pretty obvious money pit. And to break the lease would sink more money.
Market headwinds.
Chapter 11 is in the near future. The brand relaunch is a failure. The cuts are too late and too little. Anyone with talent has left.
You obviously do not know how to read the published public P&L statement
They are preparing us for Bankruptcy.. Lets be honest okay..