I don't think it's going to get any better. With all of the "restructuring" and layoffs, the company is still run by a brigade of abusive idiots.
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Wipe Out is right on the money!
Wipe Out....you are so correct! Thank you....I couldn't have said it better!
This is for Surf's Up: First, 7-11 is one of the most admired companies in the world. It's owned by a Japanese corporation with amazing management skills and full of highly productive, intelligent workers and managers guided by modern strategy and logistics. Ok, now to your comment: With your pathetic attitude toward team members, I actually believe you are in management. You guys have been showing your contempt not just for team members but for common sense and good business practices for years. We've begged you to get organized, get these regions under control; stop making mistakes in pricing, signage and promotions; eliminate unnecessary layers, fix the crappy technology, run efficiently and listen to what our customers and front line team members were saying. Instead you guys went out of your way to belittle and demean the very people who were trying to point the company in the right direction. You threw thousands of hard-working dedicated people under the bus. You guys are lazy, arrogant, spoiled, obnoxious, petulant and INCOMPETENT. A ten year old and her friends can organize a chain of lemonade stands better than you blowards can run a company. I will cheer when your stock goes to zero, and notice I didn't say "if"... I said when.
The stock slide proves you can fool some of the people some of the time, most of the people most of the time, but you can't fool all the people all the time. This past summer one broker research analyst told the Wall Street Journal that "The Street is starting to lose faith in management." Well duh. Next time just visit the stores and do some real research instead of asking softball questions at earnings conference calls and lapping up Mackey and Robb's conjectures like "Oh we can grow to ....let's see...how about 1200 stores? Yeah, that sounds good. Any day now."
Anyone taken a look at the price chart over the last year? It's a slow slide, with a sharp drop at each quarterly earnings report. I predict that trend will continue for the next year at least. "They" don't expect the company to return to growth for at least another three quarters, on top of the current one. I'm guessing that's under the assumption that the markets remain steady over that time, and no other scandals come to light. We will likely continue to miss, the only questions are by how much and for how long.
Surfs up, you must be referring to most of management. I totally agree with you on this.
Here comes another wave to wash the slackers and whiners away. Buh-Bye babies, good luck at 7-11.
They will keep everyone in management and lay off more "team members". That should solve the problem. -WFMteammember.
Yeah my stock options are absolutely worthless. Hopefully we'll be bought out, and I can cash in.