your moderator at work
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RaptorNot a Dumptruck join:2001-10-21 London, ON |
to dirtyjeffer0
Re: Target to discontinue Canadian Operationssaid by dirtyjeffer0:said by MaynardKrebs:Pity more companies don't operate the way they do. There are too many peckerhead MBA's & lawyers leading corporations these days. i believe that is something we can all agree on. Not completely dissimilar to how DJ's fabled Costco operates, which is part of the reason I attribute their great success and high quality of employees/satisfaction. I hope their CEO lives forever. |
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to neochu
Anon
2015-Feb-11 1:38 pm
to neochu
(topic move) And you thought the walk of shame meant something else...Moderator ActionThe post that was here (and all 16 followups to it), has been moved to a new topic .. » And you thought the walk of shame meant something else... |
actions · 2015-Feb-11 1:38 pm · (locked) |
your moderator at work
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to Bender2000
Re: Target to discontinue Canadian OperationsTarget's failure in Canada has now led to the firing of employees at the parent company's HQ in Minnesota. MINNEAPOLIS....Some 550 Target workers in the Twin Cities are losing their jobs, and its all because of the demise of the retailers expansion into Canada.
Target says 350 people were let go on the spot Wednesday, while the remaining 200 will be around as the Canada stores liquidate.
Some of those employees found liquid comfort and a welcome at The Local, right across the street from Target headquarters on Nicollet Mall.
Obviously, anybody in a situation like that, you know, an Irish Pub is great place to be because its just a warm and hospitable location, said Josh Petzel, a general manager at The Local. » minnesota.cbslocal.com/2 ··· nnesota/They are also firing 170 employees in India. So (550 + 170) divided by 133 stores equals about 5.4 headquarters employees per Canadian store. I don't know retail---so I ask those who do: What were those US/Indian workers doing for each Canadian store? Those folks were not driving trucks, nor stocking the shelves, nor (from all accounts) were they purchasing much inventory for the stores. So what were they doing? (HR and payroll are pretty much computerized these days). I ask out of honest ignorance and bewilderment. |
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MaynardKrebsWe did it. We heaved Steve. Yipee. Premium Member join:2009-06-17 |
said by PX Eliezer1:What were those US/Indian workers doing for each Canadian store? Guessing at which Canadian employees should be 'perp-walked'? |
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koiraHey Siri Walk Me Premium Member join:2004-02-16 |
to Bender2000
How can they get away with this crap Long list of small businesses wait for cash as Targets cheque bounce » www.theglobeandmail.com/ ··· 2932872/When Target Canada collapsed into bankruptcy protection last month, hundreds of suppliers like Tanya Vierhuis felt the fallout. The 20-year veteran market researcher spent months working on a major customer-feedback project for the discount retailer. Just before Target was granted court protection from creditors, the company sent her a cheque for $18,000, the final payment for her work. The cheque was dated Jan. 13, two days before the court filing, but she didnt get it until Jan. 26. When she went to the bank to cash it, the cheque bounced. snip But others also are feeling the pain, including suppliers such as Ms. Vierhuis, landlords and Targets franchised pharmacists.On Wednesday, suppliers made a bit of headway in Ontario Superior Court in their tussle with Target Canada to try to get back some of their inventory. Some are worried the chain bulked up on orders in the month before it filed for creditors protection. Melvyn Solmon, a lawyer at Solmon Rothbart Goodman LLP representing baby product supplier ISSI Inc., told the court he wants to find out the value of the merchandise that Target ordered in the 30 days before its filing. If Targets insolvency were an all-out bankruptcy, vendors of those 30-day goods would have the right to ask to get them back. Mr. Solmon said in an interview the current proceedings are a liquidation and not a restructuring, which could open the way for suppliers to be able to retrieve their 30-day goods (or proceeds from their sales). Target values all the merchandise in its current liquidation sales at $445-million to $475-million at wholesale cost, according to a recent court filing. Justice Geoffrey Morawetz gave Target a week to produce data on the value of its 30-day goods. Lawyers for Target had argued that they needed 10 to 14 days to collect the information. Targets franchised pharmacists, for their part, asked Justice Morawetz to force Target to provide them with financial assistance as they struggle to find a buyer for their patient records and inventory. Target had rejected the request, but the judge reserved his decision until next week. The court also approved a compromise agreement with Targets landlords for its sale of leases as it looks for new tenants to take over the store locations. |
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said by koira:How can they get away with this crap Indeed. Vendors, pharmacists, and landlords might have been very cautious with a new company---but [this] after all was Target! Who would have dreamed of this outcome? I hope that all of the people screwed by Target have good lawyers (including both attack-dogs as well as clever ones) and good forensic accountants. |
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koiraHey Siri Walk Me Premium Member join:2004-02-16 |
koira
Premium Member
2015-Feb-11 11:25 pm
Based on the article the lawyers are well into their game |
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donoreo Premium Member join:2002-05-30 North York, ON |
to Bender2000
Hmmmm maybe they were running a side business. Kid finds drugs in a toy! » www.cp24.com/news/brampt ··· RdQ7udWs |
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A Brampton boy bought a $5 toy at Target that had a bag of drugs worth about $800 hidden inside the box. See, THAT is the extra value that Target customers would have flocked to. Unfortunate that management figured it out too late. ----- Canadian customers would have really liked that DeGrass High. But now Target has gone to pot. At least some incompetent execs back at HQ in Minneapolis have been weeded out. |
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elwoodbluesElwood Blues Premium Member join:2006-08-30 Somewhere in |
to donoreo
I love the spin, the find Pot and label it "Narcotics" |
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koiraHey Siri Walk Me Premium Member join:2004-02-16 |
koira
Premium Member
2015-Feb-13 11:01 am
Thanks for the heads up Heading out for some discount toy shoppin this afternoon |
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lugnut to koira
Anon
2015-Feb-13 11:25 am
to koira
» www.cbc.ca/news/business ··· ?cmp=rssquote: Why Target Canada discounts are so meagre during liquidation sale
They expected door crashers and deep price cuts, but a little more than a week into Target Canadas liquidation sales, some shoppers are complaining about what they didnt expect: meagre discounts.
But those in the liquidation business say they often need to start slowly. Their main goal is not to offer great deals to demanding customers. Instead, liquidators aim to rake in as much money as possible before the doors are locked for good.
Dismal deals
As shoppers scour the aisles at a Target Canada store in Toronto, they scope out discounts that still range between 10 and 30 per cent for most goods. Many food items, furniture and toiletries are still stubbornly stuck at just 10 per cent off.
...snip...
Corporate greed is alive and well in Canada. This is why I won't even get close to a Target while they liquidate. |
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TOPDAWG Premium Member join:2005-04-27 Calgary, AB |
TOPDAWG
Premium Member
2015-Feb-13 12:15 pm
more like people greedy. oh poor baby can't get as much a discount as they want. Many people lost their jobs you greedy assholes and all you're worried about is getting something for cheap.
God people are dumb sometimes. |
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your moderator at work
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to lugnut
Re: Target to discontinue Canadian Operationssaid by lugnut :Corporate greed is alive and well in Canada. ... or not, perhaps they're trying to bring in as much as they can to ensure cheques don't bounce? When Zellars was going under, prices were also high when they were 'liquidating' stock. They were down to 1/5 of the store size and prices were still higher than Walmart for most items. |
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bbbc join:2001-10-02 NorthAmerica |
to Bender2000
Target execs granted share units one day before Canada retreat» www.theglobeandmail.com/ ··· 2998853/God, I need to embrace big business. You get incredible payouts for running a company into the ground. * Huge data breach * Closing an entire division * Walk of shames * Political contributions where you look like Chick-fil-A |
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Yep.
Big corporate execs mismanage (sometimes steal) millions, and get golden parachutes.
Kids shoplift a candy bar, get tossed in jail, and get a golden shower.
No justice. |
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dirtyjeffer0Posers don't use avatars. Premium Member join:2002-02-21 London, ON |
said by PX Eliezer1:Yep.
Big corporate execs mismanage (sometimes steal) millions, and get golden parachutes.
Kids shoplift a candy bar, get tossed in jail, and get a golden shower.
No justice. i agree, but this behaviour isn't new...it's been going on for the better part of almost 2 decades. |
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elwoodbluesElwood Blues Premium Member join:2006-08-30 Somewhere in |
said by dirtyjeffer0:said by PX Eliezer1:Yep.
Big corporate execs mismanage (sometimes steal) millions, and get golden parachutes.
Kids shoplift a candy bar, get tossed in jail, and get a golden shower.
No justice. i agree, but this behaviour isn't new...it's been going on for the better part of almost 2 decades. And the problem is governments who have been bought and paid for by this executives sit back, do nothing and claim "its the free market at work". While OT, look up the Subprime Auto Loans for the latest get rich quick scheme. |
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MaynardKrebsWe did it. We heaved Steve. Yipee. Premium Member join:2009-06-17 |
to PX Eliezer1
said by PX Eliezer1:Yep.
Big corporate execs mismanage (sometimes steal) millions, and get golden parachutes.
Kids shoplift a candy bar, get tossed in jail, and get a golden shower.
No justice. You guys took the wrong courses in university. You should have signed up for Kleptocracy 101. Oh yeah, I forget. That course was reserved for those not smart enough to become jocks. |
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koiraHey Siri Walk Me Premium Member join:2004-02-16 |
koira to bbbc
Premium Member
2015-Feb-14 3:58 pm
to bbbc
said by bbbc:»www.theglobeandmail.com/ ··· 2998853/
God, I need to embrace big business. You get incredible payouts for running a company the global economy into the ground.
* Huge data breach * Closing an entire division * Walk of shames * Political contributions where you look like Chick-fil-A fixed it for you man Did you miss the 2008 financial collapse? |
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koira |
to dirtyjeffer0
said by dirtyjeffer0:said by PX Eliezer1:Yep.
Big corporate execs mismanage (sometimes steal) millions, and get golden parachutes.
Kids shoplift a candy bar, get tossed in jail, and get a golden shower.
No justice. i agree, but this behaviour isn't new...it's been going on for the better part of almost 2 decades. PM me if you are interested I will forward an email for an easy "financial assistant" job that only requires a internet connection, cell phone and a bank account. work from home $1300-$2500 CAD/week I have received some emails from some foreign businessmen looking to enlarge their business in Canada (for help with money laundry) right up your alley ? |
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dirtyjeffer0Posers don't use avatars. Premium Member join:2002-02-21 London, ON |
said by koira:right up your alley ? why on earth would that interest me? |
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urbanriot
Premium Member
2015-Feb-15 11:42 am
Who knows... this thread has basically devolved into "throw random unrelated personal thoughts on things into a thread" kind of thread. |
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dirtyjeffer0Posers don't use avatars. Premium Member join:2002-02-21 London, ON |
said by urbanriot:Who knows... this thread has basically devolved into "throw random unrelated personal thoughts on things into a thread" kind of thread. and not surprising, despite the off topic comments, it continues on...stuff only gets deleted when it goes against a specific opinion. |
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nitzguy Premium Member join:2002-07-11 Sudbury, ON |
to urbanriot
said by urbanriot:Who knows... this thread has basically devolved into "throw random unrelated personal thoughts on things into a thread" kind of thread. So are you saying I Should "IGNORE" this Thread? ....fyi I never ignored the original Ignore thread... |
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