The argument was that stores cannot raise salaries because it eats into profits. Krogers made $2.9 billion last year and raised salaries across the board. these specific stores were already underperforming and losing money but the idea that Kroger closed them simply because paying workers more is bad for business... Krogers did the opposite across the board. Most of the employees at the closed stores were going to be moved to other places so salaries were not really being cut, just moved elsewhere.
Not at all. Corporations adjust constantly and efficiently to increased costs. The adjustment here is to close the store in the region/area that caused the costs to increase beyond acceptable levels. Perhaps you don't like the way they adjusted?
Besides those two Kroger's stores there are more than a dozen other grocery stores in Long Beach City, which appears to be a suburb, and all of them have to pay hero pay now, too. As of March so do the stores in LA proper. Level playing field, so if they can't increase prices to preserve their margin, like their competition has, apparently, then as 85 mentioned they were on their way out already anyway.
It's completely irrelevant what Kroger makes company wide. They can shut any store they like if it does not appear profitable enough or if they want to send warning shots to copy cat councils. Or they can shut for whatever other reason they like. Their own decision. Bravo Kroger for this move. Those communist enforcements will only push up prices further for everyone. All those additional costs are taken out of OUR pockets to line those of those fucking councils. A tax raise effectively.
Look where this got us. Many products on Amazon are a multiple the price of just a year or so ago. Companies pass through those cost to consumers. Near instantaneously.
Or the cost of looting and mongrels lining up with their fucking foot stamps, much higher theft rates, violent incidents, people touching shit without buying as if they are in Africa to such degree the produce has to be thrown away. Or communist leftist city councils with their exorbitant demands. Name me one single reason why you would want to open a new supermarket branch anywhere in downtown America today.
Yeah you should definitely not cut any bad or money losing habits because bottom line you still are net profitable. Quite a stupid argument. As Tao pointed out companies operate store by store, Apple closes and opens different stores all the time even though they make billions. What concept of this does not compute?
The federal minimum wage has been raised 22 times in our history, and yet we still have stores. More than ever. You're thinking is cartoonish.