Saved overheads of over £9m at a major general retailer
This client was an instantly recognisable high street retailer that was seeing margins tighten and overheads grow. Whilst every effort was being made to improve margins, the £80m overhead base needed to be reduced quite dramatically.
Rather than just making draconian cuts to overhead budgets, I worked closely with the department directors to agree a controlled plan for spend reduction that would ensure the business was sustainable into the future. With an initial plan to remove around £16m, the board of directors agreed a £9m reduction.
Jun 5, 2015