FYI...from the reports there were 4 other stores within the company that the $4.00 will be paid at. I'm guessing these stores were near being in the red already, the company isn't going to close stores unless they are unprofitable. I'm sure there are many stores in the company that are profitable, but barely, no company is going to keep a location open that bleeds money and has no chance of becoming profitable. Just doing basic math: ELMS calls for 4000 hours, that is $16,000 and $64,000 a month. $64,000 is a HUGE amount, which isn't already built into the pricing structure, some stores don't even make this amount in profit a month already.
If you read about the Seattle stores, they are some of the smaller and oldest stores in the Division. Nothing is wrong with older and smaller, but once they turn from breaking even to losing $$$, they are a liability. Plus, the one locations sounded like the landlord was going/wanting to redevelop it anyways. If a stores is losing $$$ and the landlord is willing to end the lease without cost, no retailer is going to pass that up.
