We lost a whole years worth of dividends in one hour. At 10% free cash flow and cost of capital at under 5% where is private equity?
Yes, this is true, and it is going nationwide., not just the NE.
With the lack of payroll for associates, assistant managers were doing more tasks than managing.
So the next "logical" step is to cut that $20/hr full time position and create one full time and one part time associate position at $12/hr.
Have to wonder how many full time jobs could be created by getting rid of Sargent.
Possibly, but they need to find a way to be more than just and alternative to Walmart and Amazon.
Their stores are almost as bad as Walmart's as far as trying to find help as they par down payroll to try to compete. They are having the same issues as Walmart as far as keeping shelves stocked with such light payroll.
Both companies need to become less top heavy at their Corp. offices and add the payroll back into the stores. They continue to do the exact opposite, adding inane VP positions to oversee things the corp. officers should be doing themselves.