Women’s Apparel Retailer
Company:Women's Apparel Retailer with several locations in Canada
A Canadian retailer had experienced a sudden drop in profitability and a corresponding increase in inventory. The company over-inventoried - spending too much on labor at store level, and having too much on order.
Focus Management Group was engaged to analyze its operations and make improvements to increase efficiency and restructure debt.
- Evaluated physical store, online sales, operations and key drivers to improve performance.
- Focus Professionals successfully restructured debt obligations with the Company’s lender.
- Both management and the lender and were able to utilize a monitoring plan which gave clear direction in inventory reduction and profit improvement.
- Focus’ expertise in retail operations and lease negotiations provided added value to the company’s management team.