Michael Devore Email & Phone Number

Dallas-Fort Worth Metroplex

Dallas-Fort Worth Metroplex

Managed +$700M budget for 28 retail locations, in addition to a manufacturing and distribution center segments of the businessStreamlined reporting for month end from 1.5 days to 3 hours through system automation and report streamlining

Denton, Texas

Fort Worth, Texas

Madison, Wisconsin Area

Developed store-level headcount model: factored wages, % of sales, benefits, sales floor coverage, tasking, FT/PT mix. Utilized by operations to staff and finance to forecast.Designed & Rolled out a new labor model based on store square footage, revenue, and layout.Budgeted, Managed, Forecasted, Analyzed, & Reported variances expenses for 255 stores to SVP.

Spokane, Washington Area

Redesigned & Implemented bottom-up, store-specific, metrics-driven labor model.Supported store operations with budget and forecast creation and variance analysis

Phoenix, Arizona Area

• Assisted in developing annual Labor Budget/Forecast in excess of $800 million
• Facilitated and Led weekly labor meeting for 3 VPs, 4 directors, and 4 managers summarizing previous week's results, identifying trends and potential cost savings ideas or opportunities
• Managed rollout of labor reports to US, Canada and Puerto Rico Stores
• Streamline weekly reporting process from 4 data sources down to 2 data sources.
• Work with Store Management, District Labor Expert's and District Manager's on Labor Reports Interpretation and Education

Phoenix, Arizona Area

• Developed labor reporting for all Canadian stores resulting in an increase in labor accuracy from 80% to 95%.
• Planned average hourly rate plan improved +80% from 2010 to 2011.
• Identified 7 new labor drivers, increasing visibility to actionable activities of labor variability.

Phoenix, Arizona Area

• Secured fixed price electricity for 125 stores 6% lower than the store’s trailing three year average.
• Developed and deployed a conservation strategy for 1100 locations through use of energy management system and presented strategy to Senior VP of Real Estate. Resulting in $2 million savings annually.
• Negotiated contracts with 2 new energy suppliers.
• Conducted 100 audits annually of utility accounts ensuring the correct rate and account type.
• Revised energy budget process to better align with anticipated utility expense.
• Secured fixed price electricity for 125 stores 6% below each store’s trailing three year average.

Phoenix, Arizona Area

• Restated five years of financial historical results as part of company’s acquisition.
• Created the annual sales budget, with input from the marketing department, purchasing department, IT, finance division, and distribution center. Formulated contingency plans for the company to ensure the projected.
• Completed a variance analysis monthly for 14 months on actual results against forecast and against prior year.
• Research expense categories in order to estimate the next period’s forecast. This required the ability to understand G/L activity like accruals, actual expenditures and prepaid expenditures.
• Assisted in projecting financial statements, including the Income Statement, Balance Sheet, and the Statement of Cash Flow.
• Resolved and proposed a financing strategy for $2 million in asset acquisition through a ROI analysis with consideration for interest rates, asset life, and tax implications.

Master Of Business Administration (M.B.A.), Finance, General

Ba, Political Science, Economics