Ehhh, 900 jobs in the scheme of a company in the S&P 500 isn’t necessarily very many. Those are usually companies with 10s of thousands of employees.
Actually they list on their website that there’s over 18k locations in the US and Canada, so assuming 10 positions per storefront (likely an underestimate) that’s only 90 locations being closed. I’m going to go out on a limb and guess that they see a similar amount of churn every year of locations opening and closing, with the difference being that these are locations being deliberately closed as a step in brand strategy
Ehhh, 900 jobs in the scheme of a company in the S&P 500 isn’t necessarily very many. Those are usually companies with 10s of thousands of employees.
Actually they list on their website that there’s over 18k locations in the US and Canada, so assuming 10 positions per storefront (likely an underestimate) that’s only 90 locations being closed. I’m going to go out on a limb and guess that they see a similar amount of churn every year of locations opening and closing, with the difference being that these are locations being deliberately closed as a step in brand strategy