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Transformational leader excelling in operations centric and rapidly changing well-known retail business environments. Value creator that continually supports top line growth while generating cost savings by coupling effective revenue strategies with stringent operations budget management. Documented successes include sparking major organizational cultural shifts, saving over $100 million in SG&A/CAPEX and improving Gross Average Ticket (GAT) 10%. Ensure overall effectiveness of administrative cost centers, focusing on aggressive implementation of zero-based budgeting processes throughout organization. Consistently challenge status quo and corporate agendas to drill down to foundational data to conduct analytics that pilot future courses of action.Select AccomplishmentsCOO | Art Van Furniture* Implemented strategies that reduced working capital requirements by $30 million and decreased supply chain and store operations expenses by $13.5 million. Launched SKU rationalization initiative to remove poor performing SKUs/vendors from assortment and focused on higher inventory turn items. Drove run rate improvement of 300-400 bps in gross margin rate. Reduced weeks of supply on hand (increased turn targets) using internally developed tools to analyze and forecast sales demand by item, while achieving company in stock targets.Senior Managing Director | Bellecas Consulting* Drove over $100 million savings in SG&A/CAPEX for Payless ShoeSource using zero-based approach to expense budgeting and ongoing expense optimization, which represented 11% SG&A savings.COO | Toys R Us Australia* Navigated 53% increase in EBITDA and $54 million improvement in cash flow through improved gross margins and material reduction in operating costs.
Kane'S Furniture
View- Website:
- kanesfurniture.com
- Employees:
- 465
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Chief Operating OfficerKane'S FurnitureSaint Petersburg, Fl, Us -
Chief Operating OfficerKane'S Furniture Nov 2020 - PresentPinellas Park, Fl, Us -
Chief Operating OfficerArt Van Furniture Oct 2018 - Nov 2020Warren, Mi, UsProvide strategic vision in standardization and optimization of company-wide operations and administration while leading 17 direct and 3,000+ indirect reports as part of turnaround management team. Manage specific P&L line items and operating/capital budgets related to stores, distribution centers, supply chain, planning & allocation home delivery, customer service, global sourcing, franchising, and IT. Key accomplishments include:* Facilitated significant cultural shift by setting clear performance expectations and integrating decision-making model based on data and analytics.* Improved discontinued/excess inventory gross margins by 1,000% and enabling 300-400% improvement in overall company gross margin.* Achieved $10 million in annualized expense savings by renegotiating more favorable rates for all inbound freight contracts and decreasing demurrage and overtime related charges. * Played major role in generating 10% improvement in GAT. -
Senior Managing DirectorBellecas Consulting Sep 2016 - Sep 2018Hired by Alden Global Capital to support restructuring and organization optimization for post-bankruptcy emergence of $3.5B retailer Payless ShoeSource in 2017 and $100 million retailer Aerosoles in 2018.Payless Expense Reduction Project: * Used "bottom-up" activities/project-based approach to identify over $100 million in annual cash flow savings.Aerosoles Acquisition by Payless:* Assisted with Aerosoles purchase by reviewing financially available information and executing sensitivity analysis incorporating different assumptions and risk factors to identify potential range of outcomes post purchase.* Identified resources needed to "restart" company across Finance, Merchandising, Planning, Logistics, and other areas. Renegotiated 138 contracts and quickly rebuilt from skeleton crew of 15 to office of 55 employees in 2 months.
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Senior Vice President - Enterprise OperationsBarnes & Noble, Inc. Dec 2015 - Sep 2016New York, UsDrove administrative and operational excellence across key operational disciplines. Oversaw 9 direct and 225 indirect reports, with accountability for managing key operational pillars supporting Barnes & Noble's national retail network. Provided strategic oversight of functions that included merchandise planning, store operations, FP&A, customer service, supply chain, performance analytics, and loss prevention. Managed P&L line items, as well as operating and capital budgets. -
Senior Vice President - RetailBrookstone Feb 2015 - Dec 2015Merrimack, Nh, UsOne year engagement to lead 8 direct and 1,000 indirect reports in driving change within retail organization to improve sales and margin, as well as conduct full real estate portfolio review with goal of reducing store footprint where necessary and renewing/opening new stores where appropriate from cash flow perspective. Managed P&L for 212 mall and airport store locations. -
Senior Vice President - Sears Retail ServicesSears Jun 2013 - Feb 2015Chicago, Il, UsProvided general management of 720 Sears full-line stores with net sales of $10.5 billion, 13 direct reports, and 64,000 indirect reports in both home office and field locations. Oversaw retail stores, retail sales/operations, retail communications and retail analytics. Drove operational excellence and transformed business from traditional brick and mortar retailer to fully integrated retailer, facilitating seamless customer interaction across all touch points and channels. -
Vp - Cfo - Sears & Kmart FormatsSears Jun 2012 - Jun 2013Chicago, Il, UsLed multiple functions, along with traditional core expense management of $6 billion for Sears and Kmart formats. Directed all aspects of financial and strategic planning within Retail Services organization, Loss Prevention & Safety, Facilities & Construction, and Analytics for key retail services initiatives. -
Chief Operating Officer And Senior Director, Director, Manager And Analyst RolesToys"R" Us Australia | Babies"R"Us Australia Jun 1994 - May 2012Chief Operating Officer for the $250 million Australian subsidiary of Toys R Us, Inc as part of a turnaround team. Strategic and operating responsibility for finance, accounting, legal and contract administration, store operations, inventory control, distribution center, facilities management and IT. Lead a team of 6 direct and 52 indirect employees, reporting to the Managing Director. Partnered with the Managing Director to formulate the subsidiary’s new strategic direction and was integral in leading the company through significant restructuring resulting in a 53% increase in EBITDA.Senior Director - Finance, Planning & Analysis (July 2008-July 2010)Director - Finance, Planning & Analysis (May 2006-June 2008)Director - Supply Chain (April 2001-July 2006)Manager - European Business Analysis (February 1998-March 2001)Manager - Analytical Services (January 1996-January 1998)Business Analyst (June 1994-December 1995)
Jim Ferguson Skills
Jim Ferguson Education Details
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New York UniversityManagement/Finance -
University Of South AustraliaAccountancy
Frequently Asked Questions about Jim Ferguson
What company does Jim Ferguson work for?
Jim Ferguson works for Kane's Furniture
What is Jim Ferguson's role at the current company?
Jim Ferguson's current role is Chief Operating Officer.
What is Jim Ferguson's email address?
Jim Ferguson's email address is jf****@****one.com
What is Jim Ferguson's direct phone number?
Jim Ferguson's direct phone number is +121273*****
What schools did Jim Ferguson attend?
Jim Ferguson attended New York University, University Of South Australia.
What skills is Jim Ferguson known for?
Jim Ferguson has skills like P&l, P&l Management, Forecasting, Capital Budgeting, Variance Analysis, Operations Management, Loss Prevention, Labor, Management, Retail, Team Building, Leadership.
Who are Jim Ferguson's colleagues?
Jim Ferguson's colleagues are Curtis Mcdaniel, Toya Vickers, Heather Shaffer, Joanna Demartino, Jacqueline Barnes, Sue Rocha, Peggy Mcnamara.
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