Focus Management Group

Retail Industry Experience

Nationwide Department Store Chain

Industry:

Retail

Company:

Nationwide Department Store Chain ($4 billion in revenues).

Situation:

A nationwide department store chain was operating in Chapter 11.

Focus Scope:

A Focus Professional was brought on board to serve as the Chief Executive Officer and Chairman of the Board for the company to oversee all aspects of the business and effectuate a turnaround.

Tasks Performed:

  • The Focus Professional developed a strategic vision for the future to bring the Company out of Chapter 11.
  • Underperforming stores were closed, and all stores were updated with new merchandise.
  • Our Focus Professional also established a core customer focus.

Results:

  • The Company experienced a successful merchandising turnaround and continued improvement in operating performance.
  • The Company also received many awards for providing the best customer service in its industry, as well as the Discount Store News Award.
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