Closed for Business: A Methodology for Store Closures in Retail Turnarounds
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Closed for Business: A Methodology for Store Closures in Retail Turnarounds
By James Hogarth, Director & Holly Felder Etlin, CTP, Managing Director, AlixPartners LLP
Against the backdrop of a U.S. retail landscape that some estimate provides over 50 square feet of retail space per person,1 store closures remain an almost daily feature of retail news. From department stores to fast fashion, retailers across the U.S. are grappling with the challenge...
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James Hogarth is a director in AlixPartners LLP’s Turnaround & Restructuring Services practice. He has more than 13 years of experience in corporate restructurings, reorganizations, and business operations and has worked on a variety of in- and out-of-court retail turnarounds in the home furnishings, toy, media, grocery, and restaurant industries. Hogarth’s experience includes liquidity management, business plan development, large-scale cost reduction programs, refinancings, divestitures, store and product portfolio rationalizations, and sales enhancement. He holds an MBA from the Wharton School at the University of Pennsylvania and bachelor’s and master’s degrees from Oxford University.
Holly Felder Etlin, CTP, is a managing director with AlixPartners and has more than 30 years’ experience providing turnaround services for companies in the retail, distribution, consumer products, financial services, media, and hospitality industries. She leads her firm’s Diversity Task Force. TMA recognized Etlin in 2007 with a Turnaround of the Year Award for her work with Winn-Dixie Stores Inc. and in 2011 with a Transaction of the Year Award for Neff Rental Inc. She was named Woman of the Year in Restructuring in 2014.
