Bad economy?
02-24-2009, 02:11 PM
#42
I recall folks being laid off over the years. I remember talk of previous recessions, but those recessions never affected us or my family members. I can remember other store/businesses closings and people losing their jobs, but I can't ever recall a time when it was so wide spread. I also can't recall ever personally knowing so many people who had employment issues. Lay offs, reduced hours, pay cuts, etc.
The "talking heads" on the news tell folks it will take much longer to find employment.
The "talking heads" on the news tell folks it will take much longer to find employment.
02-24-2009, 02:19 PM
#43
Registered User
Originally Posted by Legal Bill,Feb 24 2009, 06:20 PM
They are jsut selling assets to pay of debt. Fanuil Hall is onthe block because it is an attractive property that you might be able to sell, even in this economy:
http://wbztv.com/local/faneuil.hall.sale.2.891107.html
http://wbztv.com/local/faneuil.hall.sale.2.891107.html
02-24-2009, 04:53 PM
#44
Registered User
Originally Posted by Lainey,Feb 24 2009, 06:25 PM
I guess it depends on the area. Shaw's closed stores in Brockton, N. Attleboro, CT and RI, and more to come up towards NH way.
It would make sense that they would be busier if folks were eating out less, but if folks are entertaining less and going to BJ's and Wal-Mart for some staple items, the grocery store sales will reflect that.
From what I've heard, some stores are exceeding sales expectations, some meeting and the low performing ones are being shut down.
I'd bet the we'll see the same thing with CVS, Rite Aid and Walgreens. Do we really need those on every corner? I don't see how they all stay in business.
It would make sense that they would be busier if folks were eating out less, but if folks are entertaining less and going to BJ's and Wal-Mart for some staple items, the grocery store sales will reflect that.
From what I've heard, some stores are exceeding sales expectations, some meeting and the low performing ones are being shut down.
I'd bet the we'll see the same thing with CVS, Rite Aid and Walgreens. Do we really need those on every corner? I don't see how they all stay in business.
if shaws had a viable business model they would not be closing stores... carry on
02-24-2009, 05:15 PM
#45
Originally Posted by zzziippyyy,Feb 24 2009, 08:53 PM
if shaws had a viable business model they would not be closing stores... carry onAlways sad for the employees when this happens. Five of my son's co workers have lost jobs this week.
02-24-2009, 05:17 PM
#46
Jabil just put an half page ad in the globe today thanking the public and apologizing for having to close it's billerica,ma operation.
350 are permanently laid off.
guess they didn't get the memo that the economy is ok.
and if your going to cite a former president it's Reagan.
Don Regan was his secretary of treasury.
350 are permanently laid off.
guess they didn't get the memo that the economy is ok.
and if your going to cite a former president it's Reagan.
Don Regan was his secretary of treasury.
02-24-2009, 05:23 PM
#47
Registered User
Originally Posted by Lainey,Feb 24 2009, 10:15 PM
Dave, I don't see any humor here. People are losing good paying jobs with benefits. Many employees of Circuit City, Macy's as well as other retail companies are now on the unemployment line. Shaw's has been around a very long time, like other companies they review their locations and make business decisions based on business.
Always sad for the employees when this happens. Five of my son's co workers have lost jobs this week.
Always sad for the employees when this happens. Five of my son's co workers have lost jobs this week.
02-24-2009, 05:27 PM
#48
Originally Posted by zzziippyyy,Feb 24 2009, 09:23 PM
Lainey, Im not making humor of it. Im expressing my emotions regarding them. I have been in the business for 27 years. Its an inside thing for me.
I don't think they've ever been sued for having people work off the clock, like another company out there, maybe that company is the working model you think other companies should use?
02-24-2009, 05:38 PM
#49
Registered User
Lainey, being sued for alleged infractions and than being an innovator in the retail world are two entirely different things. Neither of which Shaws is. When money is tight people tend to notice the gimmicks and eventually steer away from them. To be viable you need to build your cost out of your business model shaws isnt even close to grasping that concept. Ill end there as I could certainly debate and discuss this way further than I care too. 27 years in the business has taught me to leave it at the door when I leave for a day.
Like I said my response is a personal chuckle lets leave it at that.
Like I said my response is a personal chuckle lets leave it at that.
02-24-2009, 05:45 PM
#50
Well, you enjoy your personal chuckle at a business issue which resulted in people losing jobs.
I think those "alleged infractions" were no longer "alleged" when those folks won their law suit.
We'd best agree to disagree on this one. You're talking Wal-Mart vs a grocery store. They really are not the same animal.
I think those "alleged infractions" were no longer "alleged" when those folks won their law suit.
We'd best agree to disagree on this one. You're talking Wal-Mart vs a grocery store. They really are not the same animal.