Turnaround of a retailer

Quantuma undertake a successful clothing retailer turnaround.

Overview

  • Regional clothing retailer with 10 retail sites and a head office
  • Rapid expansion had not been matched by infrastructure improvements and an appropriate management structure, leading to supply issues, creditor pressure and high staff turnover
  • Relationship issues with a principal supplier caused sites to run out of stock leading to customer complaints and falling sales


Outcomes

  • Quantuma undertook a comprehensive top to bottom review with incumbent management, leading to introductions for a part-time financial director and use of a Human Resources professional to assist in creating an employee structure
  • Implementation of clear corporate structure and mentoring provided to key management
  • Assistance was provided in negotiating with a principal supplier to agree repayment proposals and secure future support for the business
  • Without the requirement for a formal insolvency process, a complete turnaround was led involving the utilisation of specialists from Quantuma and external advisors
  • The company is now trading profitably, growing organically and looking to expand its chain with appropriate planning and supporting infrastructure advances

 

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