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 in Baird’s Restructuring Advisory Group. With over 20 years of investment banking and corporate finance experience, he joined Baird from DC Advisory, where he co-led U.S. Debt Advisory & Restructuring. Prior to DC Advisory, he was a managing director in the Restructuring Group at Guggenheim Securities. Bijoor holds a bachelor’s degree in economics from the University of Pennsylvania and an MBA from The Wharton School at the University of Pennsylvania.