Nationwide Department Store Chain
Service:Financial Advisor to Debtor
Company:Nationwide Department Store Chain ($4 billion in revenues).
A nationwide department store chain was operating in Chapter 11.
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.
- 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.
- 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.