Other Retail Archives - Page 24 of 34 - I Hate Working In Retail

Mar
5

Sears Employee Fired After Racist Remark Caught On Video. please view and share!!!

Category: Other Retail, sears Tags: Sears, Video Leave a Comment

Winnipeg, Canada – Thanks to Facebook user Ethan Frobisher who posted the video on Saturday. It showed a Sears employee in Winnipeg saying to a customer, “Let me guess, you came off the boat?”
Ethan Frobisher, the person who posted the video, said the employee asked the customer to remove his child from a riding lawnmower on display at the Sears location in the Polo Park Shopping Centre, saying it was not a toy.

The employee can then be heard asking the man, “Let me guess, you just came off the boat?“

The customer immediately demanded a store manager, “That’s racist. It’s discrimation. I want him fired.“

As the customer was speaking to the store manager, the employee kept addressing the customer and the customer lost it.

Sears spokesman Vincent Power initially confirmed the employee was suspended. But late Monday, he said the majority of the company’s investigation was complete and the employee had been ”terminated.”
Frobisher removed the video from his Facebook Tuesday but has kept the video available on YouTube.

An employee at this Winnipeg Sears store was suspended after a racially-charged exchange with a customer was caught on video and posted online has been suspended

Source: CBC News.

Share the joy

Mar
4

By IHWIR Admin

Radio Shack closing 1,100 stores

Category: Other Retail Tags: Radioshack Leave a Comment

Electronics retailer Radio Shack plans to close as many as 1,100 stores — or nearly 20% of its locations.

The company said Tuesday that the closings will leave it with more than 4,000 stores, including 900 operated as franchise locations.

Radio Shack also reported that sales at stores open at least a year fell 19% in the last quarter, which included the important holiday shopping period. It blamed the drop on traffic declines and weak sales of mobile devices such as cell phones. Its net loss in the period roughly tripled.

CEO Joseph Magnacca told investors that the stores to be closed were lower performing locations had been forecast to lose money this year.

Radio Shack has one of the largest footprints of any U.S. retailer, with about 5,200 locations in the United States. Company filings say that more than 90% of the U.S. population lives or works within minutes of a Radio Shack location. Chief financial officer John Feray said that within five miles of his Fort Worth, Texas, home there are eight Radio Shack stores.

“So, in that example, we are over-stored,” he said.

By comparison, Wal-Mart (WMT, Fortune 500), the nation’s largest retailer, has about 3,700 U.S. stores, while Best Buy (BBY, Fortune 500), one of Radio Shack’s major competitors in the electronics sector, has 1,400 U.S. locations.

Radio Shack has 27,500 employees worldwide. The number of jobs that will be lost in the store closings was not disclosed, nor were the locations.

Radio Shack has also publicly admitted its current stores are out of date and in need of a massive overhaul. Its Super Bowl ad this year was a self-deprecating acknowledgment that its stores are stuck in the 1980s. It has closed about 100 U.S. stores each of the last two years.

Rad! RadioShack 80’s ad boosts stock

Brick-and-mortar retailers, especially those in electronics such as Radio Shack and Best Buy (BBY, Fortune 500) have faced particularly tough competition from online retailers such as Amazon (AMZN, Fortune 500) in recent years. Shoppers are likely to engage in a practice known as “showrooming” in which they go to a brick-and-mortar store to look at a product, but then purchase it online, generally at a lower price. Best Buy is also in the process of closing stores as part of its own cost-cutting effort.

Shares of Radio Shack (RSH) plunged more than 13% in midday trading Tuesday on the news, although it was well above earlier lows.

Share the joy