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Topics regarding layoffs at Select Comfort Corp.
Did an entire store staff recently quit? Where?
A 33% drop in revenue, and nearly 18% drop in the price per share. WOW. /
After months of sluggish sales and gigantic rates of cancellations and returns, blame is being shifted from where it belongs (corporate) to retail employees from coast to coast. The people who actually do their jobs will become the fall guys for... read more
I heard these three cities mentioned, though I can't say if these are definite, as I had to quit eavesdropping: Grainger, Indiana; Saint Joseph, Missouri; and Abilene, Texas.
The Keystone conversion disaster(also known as Siebel) is where this so-called technology company switched out its master computer system in a really stupid manner. Retail stores, factories, delivery, customer service and all departments were put on... read more
Metropolitan statistical areas with populations of less than 300,000 will no longer have stores after September 1, 2016 (or sooner). In larger cities, there will be stores, but not as many. The goal is no more than one store for every 500,000... read more
I'm willing to bet the Sleep Number founder doesn't have one of his beds in his cell. /
There are a handful of store closings planned for the 1st quarter of 2016. But they won't be "massive," as described in a previous post. In market areas where we have multiple locations, and where sales have been less than spectacular, one or two... read more
Think about it. Why are customers who've cancelled their orders not being given instantaneous credit on their bank cards? Could it be a ploy to keep the money until after the company files bankruptcy? Any of us who've ever had a customer go bankrupt... read more
My prediction is that Select Comfort will be closed or sold by January 1, 2017. There currently is an inability to fulfill orders in a timely manner; if at all. Consumer complaints posted on numerous websites have seen a 1,000-percent increase in the... read more
If I'm right, they soon won't need all of us.
Managers are being even more secretive than usual. And a couple of them no longer can look us in the eye.