Ever since the 'bloodbath' at 30 Hunter Lane that fateful March 12,there has been a lot of 'the sky is falling!' water cooler talk of the rumor and/or fear mongering variety;and at least half of it has been originated by outsiders(non-RA employees)that don't know a thing about the typical Rite Aid employee and/or hang around Yahell Finance where fake news is commonplace.Let's try to keep it real here and not jump to conclusions until at least the 11th when quarterly corporate earnings are released.Personally,I hope no layoffs hit the Wellness remodeling crews(my store is stuck in 'Rite Choice' decor with outdated equipment especially in the tiny Thrifty hand-dip counter,and may be the last Sacro store stuck in that decor);while on the other hand hoping that the store closure committee was completely wiped out in the March 12 layoffs.My longtime original home store(maybe a mile down the road from my current one)was one of 8 stores in the 916/279 lost in 3 closure waves within the past 15 months,and a colleague from my old store was victimized in the most recent closure wave(her store was a Wellness store on the other side of town,but she did catch on at another location,mercifully).Hopefully,30 Hunter Lane is done with store closures once and for all.
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https://www.fool.com/earnings/call-transcripts/2019/04/11/rite-aid-corp-rad-q4-2019-earnings-call-transcript.aspx
Proof that the earnings were a split decision but no catastrophic Endor Holocaust;and store enhancements are still planned.Now let's just hope that my current store(which has seen decent windfall in business from last July's closure of my old store)is among the 70 planned Wellness conversions(sorely needed and not just because of outdated equipment)and hopefully receives a KeyMe,lotto machine(the latter two requested by a fair number of customers I should add),and/or Amazon locker in the process.
company has potential, will not be shown until standley is completely out. more closures need to happen. If a store is not profitable, never has been, and shows no potential, get rid of it, it is a drain on ebitda. alot more fat to be cut at the corporate level