Retailers Are Cutting Costs When They Should Be Spending to Survive
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Retailers Are Cutting Costs When They Should Be Spending to Survive
Lessons from Successful Retail Turnarounds
By Ajay Bijoor, Managing Director, Guggenheim Securities LLC
For much of the 20th century, Henri Bendel was one of the most innovative retailers in the world. It was the first retailer to spot Upper Fifth Avenue’s potential for affluent foot traffic, the first to offer an annual sale, the first to offer in-store makeovers, and the first to have its own...
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Ajay Bijoor is a managing director in Guggenheim Securities’ Restructuring Group. His experience includes representing companies and creditors in out-of-court and Chapter 11 restructuring and liability management transactions. In addition to his significant recent retail experience, Bijoor has worked across a number of industries, including casino/gaming, automotive supplier, media, and general industrials. He holds a bachelor’s degree in economics from the University of Pennsylvania and an MBA from the Wharton School.
