#1
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Debt Mountain??
Ok so theres beens lots of speculation about stores in our district closing a couple already have in the last 6 months & seeming as I'm just a CSR and cant get any answers out of my Sm can someone please clarify:
How is BB Doing financially cause customers keep saying I hear your in loads of debt and likely to close! Also Are Blockbusters UK Stores owned by BB USA or are we seperate?? Has anyone heard about anymore UK Store Closures?? Thanks |
#2
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From what I've heard, we are in debt, by a lot.
Quote:
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#3
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some stores are closing and others arnt
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[SIGPIC][/SIGPIC] I dont know maybe i could go to school and become a civil engineer, Design septic tanks for playgrounds. So little kids can take a shit! |
#4
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My DM said we had 5 of 16 on the 'possible close list'. He's having a meeting with just those managers next week to try and come up with a SOS (save our store) plan.
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Little_Miss_Csr (May 22nd, 2009) |
#5
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BBUK has zero debt. None. BBUS has a debt mountain.
BBUK is totally seperate from BBUS. If BBUS goes tits up, only some of it's debt is secured against it's subsidaries/international stores. So BBUK wouldn't fold just because BBUS did. Store closures is nothing new. If a store isn't making money, why should it be subsidized by other stores? It makes sense closing loss makers. If leases are up then they aren't being renewed- again, this is probably dependent on the profit they make. Some leases are being sold off for big profits, because they're in prime locations, so just because there are closures doesn't mean they're always bad. |
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Little_Miss_Csr (May 22nd, 2009) |
#6
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Interesting responses guys thanks for the info
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#7
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What's to keep US bbi from pulling money from your area, after all we are the same company.
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#8
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BBUK already supsidizes BBUS to the tune of a few hundred million dollars a year, and has done since BBUS scrapped extrended viewing fees.
If you know anything and read anything you'll find that it's quite clear that only a proportion of BBUS/their debt is secured against subsidaries(BBUK, Europe, etc.) |
#9
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So... I know this sounds like a dumb question, but bear with me, I don't know anything about the UK...
Are the UK stores a franchise then? Or are they considered a separate corporation from the BBUS?
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Idiocy is not my forte. I don't speak the language, and I don't think my college accepts it as a foreign language. That's the "idiot tax". It's our fee for having to put up with your stupid questions. And for everything else... there's Mastercard. |
#10
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Only one of the stores in my district is closing, my store is going to raid them for their movie pancakes and line rope. 8)
How does 75 man hours/week at your store sound? |
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