Charles Gaenslen

Charles Gaenslen Email and Phone Number

CEO at Loftex Home- USA | Delivering sustainable-oriented home textile innovation to global retailers @ Loftex USA
Charles Gaenslen's Location
New York, New York, United States, United States
Charles Gaenslen's Contact Details
About Charles Gaenslen

I’ve found that my real successes have come at times when I had the freedom to pursue my passion to differentiate and set our team apart from the pack. I’ve had the good fortune to be in this position at a number of critical times and have seen our efforts to de-commoditize cause company(s) sales, margin and profitability increase substantially in each case. The end result in each case was greater value for stakeholders.At Loftex Home, our team navigated changing business and geopolitical currents both within the the U.S. and globally, always with the generous support from our ownership and factory team. The two constants in our world have been an intense focus on delivering innovation in the form of sustainable product and factory operations, and a dedication to providing our major retailer customers a stable delivery platform. This allowed them certainty of quality and delivery in a world that otherwise provided nothing but uncertainty: trade wars, pandemic, disrupted supply chains, and gyrating commodity component costs among others. The impact and benefit of our strategic focus has been enjoyed by all stakeholders, sustaining and improving our reputation, and delivering a major market-share increase from 2016 to now.Previously, with a major publicly traded vertical home textile manufacturer based in India, I used a combination of branding, innovation and product segmentation to differentiate us from the herd of manufacturers selling finished product by the pound. This led to a 6-year growth run from $4m to $120m in sales, with higher than industry margins.At a mature 3rd generation family-owned home fashion company, I guided the company through an intense focus on efficient pick-pack distribution, using technology, modern distribution systems and organizational change. We delivered total order flexibility faster than our competition, with no added cost, all while improving our sales and margins over time. Our retail partners in turn enjoyed increased sales, space and inventory productivity.In another instance, I joined a consumer products company that had grown explosively with one customer on the back of a major product innovation. By leveraging product ideas across new categories with internal and licensed brands, we were able to position ourselves as a provider of constant newness, setting us apart from established suppliers. We gained new business development placements at 6 major retailers within the first year and half, despite established competition. We increased sales and reduced customer concentration risk.

Charles Gaenslen's Current Company Details
Loftex USA

Loftex Usa

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CEO at Loftex Home- USA | Delivering sustainable-oriented home textile innovation to global retailers
Charles Gaenslen Work Experience Details
  • Loftex Usa
    Ceo
    Loftex Usa Jun 2016 - Present
    New York, New York, Us
    Lead the U.S. business for one of the world's major towel verticals. - Vertically integrated manufacturer, built for scale- Market leading innovation- Consistent production quality and reliable delivery at scale- U.S. market led by the local team, resulting in greater customer responsiveness- Focused on bath category- Complete control of our supply chain from cotton to owned U.S warehouse.
  • Home Fashion Products Association
    President
    Home Fashion Products Association May 2021 - Present
    The Home Fashion Products Association (HFPA®) is a leading association for companies involved in the home fashion products industry. Members include companies that manufacture, market, or supply window, bedding, bath, table linens, kitchen textiles, floor and wall coverings, allied products, accessories and services.HFPA serves to advance the growth of the global home fashion product industry by setting standards for excellence through technical product compliance, advocacy, and awareness efforts.
  • Executive Forum
    Member
    Executive Forum Apr 2011 - Present
    New York, Ny, Us
    Executive Forum is a highly engaged community of executives from leading corporations who share a passion for "what's next" to drive the business growth of tomorrow. Since its formation in 1995, the Executive Forum has grown to over 400 members who are the top-most leaders at market moving companies, run portfolios for the most innovative PE firms and serve as directors on boards — public, private and non-profit. Admission to the Executive Forum is based upon a rigorous nomination and review process. By design, approximately half the EF members are President/CEOs, and the others are at the COO, CFO, CMO, CIO and VP levels.
  • Indo Count Industries Limited
    Chief Operating Officer (U.S.)
    Indo Count Industries Limited Dec 2014 - Jun 2016
    Mumbai, Maharashtra, In
    Business building and manage operations through next stages of dynamic growth.
  • Minds In Sync
    Chief Strategy Officer (Cso)
    Minds In Sync May 2011 - Nov 2014
    New York, Ny, Us
    2013-Present (Global Product Delivery Focus):Responsible for turnaround in China (Shanghai) Sourcing Office, NY Product Management and Product Development/Creative teams. Direct responsibility for product development, delivery, and profitability.• Stabilized China operations, suppliers and deliveries, resulting in 75% improvement in monthly shipments against demand in the first 3 months.• Implemented plan to reduce China fixed overhead by 27% within 1 month.• Created systems to develop sources strategically and filled supplier-gaps in all product categories.• Trained Product Managers in systems to optimize product contribution margins.2011-2013 (Business Development Focus):Driver of and P&L responsibility for new business development outside core MicroDry-BedBath customer in U.S. market. Developed business in multiple product categories, existing and new. Responsible for developing and articulating company strategy.• Designed brand and distribution strategy, creating brands and positioning and product segmentation across multiple channels of retail- mass, club, big box, and department store.• Opened 6 major U.S. retailers: Sams, Lowes, Walmart, Kohls, Costco, Petco in multiple product categories, in all cases as a newcomer against entrenched suppliers.• Created and placed new product categories with major retailers: Pet Accessories, Children’s Sleep and Play• Collaborated with all layers of company leadership to define and articulate a corporate strategy platform.
  • Welspun India Ltd
    Coo & Evp- North America
    Welspun India Ltd Jan 2005 - Apr 2011
    Mumbai, Maharashtra, In
    Held $120 million in direct P&L responsibility for 4 North American subsidiaries and acted as COO for the parent company’s $420 million operation in the same North American market. Formulated long-term growth strategies, evaluated potential acquisitions, spearheaded strategic marketing and business development initiatives.• Grew sales from $5 million to $120 million through organic growth, brand licensing, product expansion and acquisitions, achieving a 100% compounded U.S. growth rate and lifting the parent to #2 in global market share.• Developed licensed and branded businesses with leading brands such as Nautica, Amy Butler, Polo Ralph Lauren, and Waverly, increasing branded sales from $4 million to its current $60 million per annum in less than 5 years.• Led negotiations, due-diligence and the seamless integration of 2 acquisitions out of liquidation with operations in the U.S. Canada, Mexico and China ($25 million Nautica branded home fashion and $20 million Kojo/Koni decorative hospitality). Eliminated redundant operations and consolidated 2 warehouses, saving $4.2 million/yr.• Opened a 600,000sf manufacturing facility in Mexico, while adding 3 new product categories. Saved $8 million on $53 million initial capacity level (scalable to $200 million) by utilizing NAFTA duty benefits.• Created a hospitality division in late CY2009, leveraging vertical, global, direct-to-end-user model to a new marketplace- added $11 million sales in FY10-11 and $22 million in FY11-12 budget.• Initiated a banking relationship with HSBC, gaining access to global credit markets with Welspun global SBUs totaling $60 million.• Formed a global supply chain team that incorporates activities in India, USA and Mexico, substantially improving internal coordination and saving an estimated $400,000 in combined annual operating expenses.
  • Bardwil Industries, Inc
    Cfo
    Bardwil Industries, Inc 1993 - 2004
    Accountable for all finance and operational initiatives for this $60 million importer/distributor in a highly competitive market. Oversaw a modern 140,000sf distribution facility encompassing light manufacturing, customer service, IT, accounting, HR and e-commerce activities. Forged a proactive management team, established more efficient policies and procedures, upgraded customer service, reduced operating costs and improved financial performance. Directed a team of 5 direct and up to 120 indirect reports.• Reduced the number of indirect reports from 120 to 85 and improved operational efficiency metrics through the use of technology and performance enhancement/new operating procedures. Reduced overhead costs by $500,000, lowered chargebacks by $300,000 and added 10% in top-line revenue gains.• Delivered a 35% (from $37 million to $50 million) annual increase in sales and improved customer service levels from 85% to 96% without sacrificing inventory turns. Improved banking relationships and negotiated a 2% reduction in the interest rate (saving $200,000 annually), with a 40% ($105,000) cut in factoring fees.• Developed the plan and operating strategy to transition the company from a manufacturing operation to an import/distribution business, gradually reducing production from 60% to 0% of total revenues and adding 5% ($2.1 million) annually to the contribution margin.• Initiated a Collaborative Planning Forecasting & Replenishment Program based on emerging industry standards (VICS) that resulted in a $5 million annual business opportunity with Kmart.• Outsourced IT development initiatives to a business partner in India, while continuing to manage all day-to-day IT operations through a staff of 2 professionals. Achieved estimated savings in excess of $400,000 annually.• Led a 6-person team that developed an e-commerce sales platform (www.bardwilhome.com), producing $200,000 in immediate annual revenue with a 70% margin.
  • Kurt Salmon Associates (Ksa)
    Senior Consultant/Project Manager
    Kurt Salmon Associates (Ksa) 1992 - 1993
    New York, Ny, Us
    Advanced from Senior Consultant to Project Manager in 4 months with accountability for overseeing IT and strategy projects for various consumer product companies in the apparel, home textiles and health/beauty aids industries. Projects focused on Quick Response, Efficient Consumer Response, package software implementation and service strategies that involved up to 5 subordinate consultants per project with durations ranging from 2 to 7 months.• Rated one of the top closers for project sales, while consistently achieving perfect customer reviews. Initiated and completed all projects on-time and within budget.

Charles Gaenslen Skills

Strategy Forecasting P&l Management Product Development Strategic Planning Start Ups Management Mergers And Acquisitions Supply Chain Retail Leadership Competitive Analysis Business Strategy New Business Development Mergers Sales Sourcing Global Sourcing Supply Chain Management Business Development Merchandising Brand Management E Commerce Cross Functional Team Leadership Sales Management Pricing Product Management Income Statement Marketing Strategy Budgets Erp Change Management Market Research Business Process Product Marketing Budgeting Pricing Strategy Consumer Products Integration Textiles Turnaround Strategy Global Operations Brand Licensing Brand Development Negotiation Corporate Credit Restructuring

Charles Gaenslen Education Details

  • Golden Gate University
    Golden Gate University
    International Corporate Management
  • University Of San Francisco
    University Of San Francisco
    Organizational Behavior

Frequently Asked Questions about Charles Gaenslen

What company does Charles Gaenslen work for?

Charles Gaenslen works for Loftex Usa

What is Charles Gaenslen's role at the current company?

Charles Gaenslen's current role is CEO at Loftex Home- USA | Delivering sustainable-oriented home textile innovation to global retailers.

What is Charles Gaenslen's email address?

Charles Gaenslen's email address is cg****@****usa.com

What is Charles Gaenslen's direct phone number?

Charles Gaenslen's direct phone number is +121230*****

What schools did Charles Gaenslen attend?

Charles Gaenslen attended Golden Gate University, University Of San Francisco.

What skills is Charles Gaenslen known for?

Charles Gaenslen has skills like Strategy, Forecasting, P&l Management, Product Development, Strategic Planning, Start Ups, Management, Mergers And Acquisitions, Supply Chain, Retail, Leadership, Competitive Analysis.

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