Traffic in these locations is no longer sufficient to justify investment in these stores. The real estate isn't as prime as it was when the stores opened.
More Quotes from Jessica Study:
The amount of employees that wouldn't get transferred would be an extremely small number.Jessica Study
We're very positive about the future for the company. We believe in it and we're going to keep pushing forward.
Jessica Study
We hope to transition as many as possible to new stores, but employees we are unable to place will receive a severance package based on their tenure with the company.
Jessica Study
In most cases, it's simply a matter of the traffic in the area no longer being sufficient to support the store. It doesn't justify the investment required to make sure customers have a great experience.
Jessica Study
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