The COVID-19 pandemic was an inflection moment for retailers around the world and has accelerated the forces redefining the entire retail value chain. What's clear today is that how we shop and what we shop for will never be the same. Decades of transformation in digital technology and unprecedented change in consumer expectations are forcing retailers to rethink business models, redefine physical footprints, and reshape interactions with customers. Now more than ever, retail leaders must take bold and strategic steps to stay ahead of their competition and create value for customers.
Our retail professionals Protect, Create, and Recover ValueTM for clients through deep industry expertise and unmatched experience in the fields of restructuring, interim management, financial planning, landlord and creditor negotiations, and operational performance.
We have extensive experience advising companies throughout the retail sector—from the largest e-commerce sites to small business retailers and retail suppliers.
We deliver stability to unstable situations and create value through strategic, operational, and financial solutions.
Our independent advisors work collaboratively with management to restructure an organization and create a sustainable path forward.
Our unique blend of technical skills, property type and locational expertise, and proven analytical track record enable us to deliver insightful solutions essential in navigating the valuation process.
We heighten organizational performance, improve flexibility, and drive financial results by engaging hourly employees, refining operating practices, and executing negotiations with labor unions.
Our team of experts and advisors are trusted partners who drive finance-enabled business performance.
We leverage decades of human capital management experience to measurably and meaningfully improve the return on investment in people.
Ankura was retained by Payless ShoeSource in its Chapter 11 proceedings to prepare and provide oversight of its financial statements and schedules related to the bankruptcy process, monthly operating reports, first day pleadings, and other information required in bankruptcy. Our team developed a plan to reorganize approximately 775 international stores located throughout South America, the Caribbean, Asia and the Philippines, and the franchise business. To implement the plan, we supported the reorganized entity in closing and liquidating inventory in 2700 stores in North America.