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 and co-leader of the U.S. Debt Advisory & Restructuring practice of DC Advisory (DCA), a global firm with more than 600 professionals. His career spans more than 20 years and includes extensive investment banking experience, including financing, liability management, restructuring, and M&A. He has significant experience in complex retail restructuring. Bijoor holds a bachelor’s degree from the University of Pennsylvania and an MBA from the Wharton School, and is on the global committee of DCA’s Inclusion and Diversity Initiative.
