A leading UK retailer had seen performance declines in its flagship store and brought in a professional interim retail general manager to implement changes. The interim identified improvements by returning to sound retail practices and providing staff refresher training. These changes led to an additional £960,000 profit over the same period the previous year. The interim's initial three month assignment was extended to identify a best practice champion within the store and roll out the blueprint for success across the group.
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Case Study
Interim
Background Outcomes
A leading UK based specialist retailer had The improvements delivered an additional
indentified a performance shortfall in a store £960,000 profit versus the same trading period
that had previously been its most profitable in the previous year.
flagship store. The initial three month assignment was extended for
a further three months which enabled the Interim to
With a new senior management team in place,
identify a best practice champion within the store
including the divisional managing director, and also enabled these best practices to be rolled out
urgent action was needed to restore the store’s across the group as a blue print for future success.
performance and reignite staff morale.
The Assignment
A professional Interim retail general manager was
identified to review the retail practices and processes
and then implement class-leading practices that
would re-establish the store as the most profitable
in the group.
The Interim quickly indentified improvements that
could be made by returning to sound retail practices
and undertaking refresher training with the staff.
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