It is interesting to see how the company's objective is beginning to shift from
a retail turnaround strategy to an attempt to unlock value with existing brands.
Not exact matches
J.C. Penney is hoping its former CEO can revive the
retailer after a risky
turnaround strategy backfired and led to massive losses and steep sales declines.
The
retailer is trying to survive a botched
turnaround strategy by ousted CEO Ron Johnson.
In a stern defence of the winemaker's
strategy, Mr Clarke said the company was offering fair terms to all of its
retail customers and, in a sign that his
turnaround plan was beginning to gain traction, trading so far this financial year had been strong.
And just last week the company named a new chief executive officer with deep
retail experience, who is charged with formulating a
turnaround strategy.
Given Best Buy's lack of a clear
turnaround strategy and its oversize store fleet, however, private equity players are likely to forgo such a transaction, according to Bob Phibbs, The
Retail Doctor, a retail consultant based in Coxsackie
Retail Doctor, a
retail consultant based in Coxsackie
retail consultant based in Coxsackie, N.Y.