Operating at a Profit
Bashas’ took several steps prior to emerging from Chapter 11 to tighten its belt, including eliminating a broad layer of middle management; renegotiating more favorable lease terms; cutting salaries and reducing payroll; selling liquor licenses; and putting in strict cost controls. As a result the chain has been operating at a profit since 2010, the year it filed, Basha said. There’s also a renewed sense of confidence and “regained faith” among employees, ...
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