Flagship Merchandise Optimization Offering Enables Retailers to Drive
Financial and Operational Improvements
TORONTO, Dec. 8 /PRNewswire/ -- Karabus Management, a leading North
American retail management consulting firm, today announced several key client
wins, including Bloomingdales, Northern Group, Casual Male, and Charming
Shoppes. These clients will leverage the firm's expertise and unique Retail
Merchandise Optimization capabilities, further validating Karabus Management
as the undisputed consulting leader in designing and implementing Retail
Merchandize Optimization consulting services.
Karabus Management has driven more Merchandize Optimization
implementations than any other consulting firm. These implementations have
resulted in tangible ROI for Karabus' clients, including increases in gross
margin, improved inventory productivity and augmented comparative sales.
"Karabus Management has been a key partner for a number of our most
successful Merchandise Optimization implementations," said Tom Ebling,
Chairman and CEO of ProfitLogic, the leading Merchandise Optimization solution
provider. "The Karabus team has made a major commitment to this growing market
and has made an enormous contribution to implementation success. They have
been particularly successful at training the merchandising groups and
facilitating the adoption of changes in processes, policies and roles. This,
together with their recognition that implementations need to be quick, has
been key to helping retailers realize a quick ROI."
"We chose Karabus Management because it is the only consulting firm in the
marketplace that has delivered tangible results through merchandize
optimization," said Bruce Berman, CFO of Bloomingdale's. "Their proven track
record and merchandising-specific experience made them our number-one choice.
We could not have implemented without them."
"Karabus provides practical hands-on assistance to drastically improve a
company's financial performance," said Michael Stanek, CFO of Northern Group,
a 280-store apparel chain owned by York Management of Somerset, NJ. "By
analyzing our merchandize operations, shifting our focus from sales to margins
and educating and training our staff we saw immediate results. They are a big
part of the millions of dollars of gross margin improvement that we've had
this year."
About Karabus' Merchandising Optimization Offering
Karabus flagship offering, Merchandise Optimization, gives retailers the
ability to drive increases in gross margin, improved inventory productivity
and increased comparative sales in a well -- prioritized ROI-driven process.
Buyers, planners, pricers and allocators are expected to do complex
tasks -- most often without the necessary direction, processes and tools to
meet consumer demand -- store by store, SKU by SKU. By introducing appropriate
Best Practices, redefining roles and combining these roles with tools that
deliver insight into store-level customer demand, retailers have realized
major improvements in gross margin dollars, inventory turns, comparative store
sales and improved in-stock positions within months of implementation.
With an in-depth knowledge of retail, and extensive operational retail
experience, the Karabus team has made an enormous commitment to Merchandise
Optimization and has developed specialized expertise and approaches in
markdowns, assortment planning and inventory management to achieve
unprecedented results for its clients.
"We have been relentless in developing new ways for retailers to drive
productivity from their merchandise," said Stephen Granovsky, President of
Karabus. "We were the first and remain the only firm to implement Markdown
Optimization. For years, we have been a leader in Replenishment Optimization,
employing the top minds in Inventory Management and we have invested heavily
this past year in Assortment Planning -- the next great frontier in
Merchandise Optimization."
About Karabus Management
Karabus Management is a leading North American retail consulting firm
focused on helping clients in a variety of retail sectors to significantly and
measurably enhance financial performance from merchandising, supply chain,
inventory management, information technology, store labor productivity and key
administrative processes.
Karabus' flagship service offering, Merchandise Optimization, helps
retailers drive increases in gross margins and improvements to inventory
productivity. The firm earns much of its revenue directly from their clients'
financial improvements.
Founded in 1989, Karabus is comprised of nearly 40 senior consultants with
specific retail industry operational experience who are dedicated to
developing and implementing practical, quantifiable recommendations.
Our clients include companies such as Northern Group, Casual Male,
Bloomingdales, Sears Canada, Charming Shoppes, Duane Reade, Pep Boys and
Sobeys/IGA. Further information can be found at http://www.karabus.com.
SOURCE Karabus Management
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Related links:
http://www.karabus.com
CONTACT:
Aimee Yoon of Dotted Line Communications,
+1-617-275-7082, or aimee@dottedlinecomm.com, for Karabus
Management; or Antony Karabus of Karabus Management,
+1-416-373-4225, or akarabus@karabus.com
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