In part one of this two-article series, Scott Settersten, CFO of cosmetics, fragrances and skin care products retailer Ulta Beauty, had made a series of tough decisions, beginning with canceling the company’s annual 2,000-person-strong general managers meeting and culminating in the closing of all 1,254 stores on March 19. Through the end of April, other decisions included furloughing store employees not deemed essential to serving customers, renegotiating payment terms with landlords and vendors, and reassessing the company’s cash position and future cash flow, compelling the CFO to draw dow…
Read the full article at chiefexecutive.net…
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