Germany based clothing retailer Rudolf Wöhrl SE went into self-administration in October 2016, following a weak sales performance over the previous 12 months.
ERS was engaged by the company to clear stock and trade out a number of stores, firstly during self-administration and subsequently following its exit from that process.
There were two distinct phases to ERS' engagement:
ERS took full control over the stock clearance programme, including discount strategy, advertising campaigns and financial reporting. Planned trading periods were 18 weeks for the first phase of work and 20 weeks for the subsequent engagement.
Results exceeded expectations on both phases of the project