Closing Time: Pruning Underperforming Stores in a Competitive Retail Environment
Share
Closing Time: Pruning Underperforming Stores in a Competitive Retail Environment
By Holly Felder Etlin, CTP, Managing Director & Spencer Ware, CTP, Director, AlixPartners
Early January brought a rash of store closure announcements from household names. Macy’s and Sears collectively announced 218 store closures across the United States,1 and The Limited announced it would close all of its 250 U.S. stores, while assuring customers that all of its...
We hope you enjoyed your free content!
To continue, please become a TMA member.
Access the Journal of Corporate Renewal and other content in the Learning Link.
Become part of a global organization of turnaround and restructuring professionals with 52 Chapters and more than 400 events each year.
Build your personal brand and professional network with opportunities to connect, speak, lead, and win awards.
Spencer M. Ware, CTP, is a director with AlixPartners’ Turnaround & Restructuring Services group in New York and has more than 17 years of experience advising clients on complex financial and operational restructuring matters. He chairs TMA’s Editorial Advisory Board and has held senior volunteer leadership positions at TMA, Haverford College, and the London School of Economics, among others. Ware received TMA’s 2018 Mid-Size Transaction of the Year Award for his work as CRO of Eastern Outfitters.
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.
