CASE STUDY A major retail chain recently selected The Nassi Group to co-manage the closing of its entire chain of 258 retail locations and 10 distribution centers with $1.9 billion in retail inventory. SOLUTION Legal Agreements and Proceedings The Nassi Group helped negotiate a complex Agency Agreement which was acceptable to the estate, creditors and bankruptcy court within a three week period (an expedited timeframe). Financial Performance During the store closings, The Nassi Group's priority was to maximize sales and minimize expenses. In this regard, we structured our fee based on the success of the sale and guaranteed a minimum return and a cap on expenses.   Human Resources The Nassi Group worked with the company's available employees, creating incentive programs to motivate store employees and to increase sales. Continuing Operations The Nassi Group managed all aspects of the store closings, including order, purchasing, human resources, loss prevention, advertising and promotion. Merchandise Sell-through We analyzed the sale results and progressively increased the discounts used to maximize sale proceeds. There was no inventory remaining at the end of the sale. Loss Prevention The Nassi Group directed store security in order to reduce shrinkage. Maintenance Our supervisors ensured that all fixtures and equipment remained in the store and that housekeeping was well maintained. Sales Promotion The Nassi Group analyzed the promotion of the sale within the specific parameters of an agreed-upon expense budget.