Conway Stores & CW
Price
A
true David & Goliath Story in more ways than one!
And with Two LP Exec's holding the slingshots!
By Gus Downing
Publisher & Editor
Deep in the heart of the biggest
retail market in North America lies a little-known
discount retailer whose recent story mimics the likes of
a true David and Goliath story. Last July they were a 45
store discount retailer in the NYC area. Family owned
and driven, they were a true NYC symbol of a successful
long term retailer that had survived and thrived for
over 70 years by offering "Crazy Deals Everyday," by
staying focused on driving value to their
customers
and by building a team that rolls up their sleeves and
pulls together just like a family. Then last August,
literally overnight, they opened 47 CW Price stores up
and down the east coast, taking over 47 of the AJ
Wright locations after TJX decided to exit that
business. They opened these stores and more than doubled
the size of their business with a team that played like
they were in the Super Bowl. With everything to lose
they made the jump and they committed themselves to an
effort that few face at that magnitude. Let's face it,
doubling the size of your business and stores in today's
economy and uncertain times takes an attitude and
commitment that very few have, and they did it
successfully which is a true David and Goliath scene
right on the streets of the toughest city in North
America, an Olympic achievement in anyone's eyes.
Helping to lead the effort were two LP executives, both
of whom played an instrumental role. One, who had been
placed there by our firm over 15 years ago as their
Director of LP and who is now their Senior VP of
Operations - Mario DiBartolo. The other started there as
a security guard over 19 years ago and has progressed to
the role of Vice President of LP, Logistics, Inventory
Control & Safety - Aaron Huntt. These two executive's
stories alone about how they've progressed to the levels
they've reached are great examples of how, to use
Aaron's words, dedication, commitment, and hard work
pays off if you're committed to never taking anything
for granted and doing the best job you can every day.
Aaron Huntt's story from security guard to a senior
executive managing four functions in a family run
business that just successfully doubled in size actually
shows how an individual can accomplish anything if they
set their mind to it and stay focused on advancing at
every opportunity. His approach of always looking to
improve and not being afraid of failure kept him from
running for the hills when the president and owner of
the company one day last year dropped by his office and
asked if he wanted to run logistics.
Growing up in the business at Conway and holding the
various positions he's held gave him an appreciation for
how critical it is to be focused on developing,
understanding, and nurturing relationships. His
management style of being "hands on - fair - firm - and
aggressive" quite frankly shows exactly why he's reached
the level he has, and his day to day focus of educating
his team and being relentlessly driven to search for,
identify, develop, and manage information for his
organization and team to use, has helped
Conway deliver
"Best in Class" shrink results and now it's helping the
logistics business as well. Aaron is driven by
information and, as he said to this writer, the
information from the day prior drives his day today, and
in today's world that's an absolute necessity.
It's not often when you see two LP executives in the
same company doing so well that they're now part of the
senior management team helping to truly steer the
direction of the company. Coupled with last year's
Olympic achievement of more than doubling the size of
the company with virtually the same management team,
you've got a few David and Goliath battles going on with
two LP executives winning their own battles and helping
to hold the slingshot for the company for the monster
battle of doubling growth.
Congratulations to both of them and to the Conway - CW
Price organization. It takes guts to face Goliath and
it's sheer commitment and drive to take him down. Great
Job!
|