Closing down unviable stores

Closing down unviable stores

The need of situation

Exiting from a loss making business at right time is as important as managing and growing a viable business opportunity. One of our reputed corporate clients decided once to close down a business vertical and wind up around its 300 stores throughout India. Winding up business has its own issues and concerns and VGNC was called in to handle the task.

The challenge we faced

These were rural super markets in rural areas. Lot of administrative issues were involved and safe transport and receipt of merchandise, cash and records at desired location was at stake. Local resistance was to be handled and it was advised to get the things done overnight to minimize administrative hassles.

The solution we offered

VGNC accepted the challenge as usual. We took the assistance of local administration, private security and Police, ensured in entire stock count, packing, loading and dispatch of goods along with manpower overnight simultaneously at multiple locations. All this was administratively a tough task as rural winding up has its own ramifications.

The results we achieved in 72 hours

Our team ensured safe transport and unloading at desired location with proper documentation complete and updating stock of reeving warehouse. This was done for around 300 locations and all completed in around one month well before the desired target date set by the Client. Performing a little above the expectation of our Client, is our cherished practice.

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