In mid-2005, George Jones had two jobs: Head of Saks Inc 'with a 41-store chain of department stores in Paris, as well as President and CEO of Saks Department Store Group (SDSG), an umbrella for seven networks with a total of 182 stores across the United States. In 2003, Jones took over direct control of the faltering Birmingham, Ala.-based in Paris, which operated from moderate to high-end department stores in the south-eastern United States. By mid-2005, he was able to turn the business around. Jones said, "between Q2 2003 and Q2 2005, we recorded eight consecutive quarters of growth in all the time to reduce costs. We had a strong impact on almost all of our stores. While some grow in single-digit rate, we recorded from 20 to 40% % sales growth in many of our stores. turns almost 20%, and profitability has improved by more than 90%. "Hide
by Rajiv Lal, Carin-Isabel Knoop Source: Harvard Business School 22 pages. Publication Date: March 24, 2006 year. Prod. #: 506035-PDF-ENG
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