ABC Carpet & Home

ABC Carpet and Home faced declining sales and profitability, driven by declining foot traffic, online competition and a heavy fixed cost real estate footprint in Manhattan. Due to the high-end nature of its products, the Company had a significant amount of cash tied up in slow moving and aged inventory. The Company was looking to consolidate its brick & mortar footprint, right-size operations and better manage inventory, and secure additional funding to reinvest in the business / an omni-channel service offering.