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| Number of pages / Number of words: |
10 / 2569 |
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Eugene Ferkauf was eased out of management and the Spartan management tried to turn things around. Five years later the firm was sold to Arlen Realty. Arlen later sold it to a French firm. And in 1980 the French firm basically closed down the once proud Korvette.
The problems were there at the beginning of the business, but not as fatal as they were when the business were grown into a fast-growing retailing empire, when the businesses were changed and gave Eugene Ferkauf less and less time to do what he really wants to do...
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He likes to play hooky from the office, go out to mind his stores. He fusses, fixes problems, scolds and cajoles salespeople. Ferkauf is personally charming, but is a hard man to please.
Eugene Ferkauf had started out by staffing his early operations with friends from the Brooklyn neighborhood where he grew up, as well as army buddies...
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General points of the essay
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