Eric Schiffer Is An Undisputed Expert in Retail Management
When you think about 99 cents only stores, the first name, which pops to mind is Eric Schiffer. Eric Schiffer is the man who is creditworthy for making the 99 Cents Only Stores a household name, which it is in the present day. The firm was set up in 1982 by David Gold. It rapidly turned to become one of the very famous household stores of the US.
About Eric’s accomplishments
Eric Schiffer is recognized, as the management expert. He worked incredibly hard for making the company a well-known brand, which it is at present. Eric Schiffer was employed in 1991 as Chief Executive Officer for the chain. Schiffer managed to flourish the company for forming several new chains. The firm expanded rapidly under the table leadership of its CEO to form a number of new branches over next few years.
In March 2000, due to his management skills and his expertise, he was promoted as the President of the company and by January 2005, Eric became the chain’s Chief Executive Officer. 99 Cents Only Store was not the one and only enterprise, which was handled by Eric Schiffer. For gaining expertise in management, Eric had worked with quite a few other companies in various managerial capacities.
Education and work experiences of Schiffer
Eric is a graduate from Harvard Business School. However, when he completed his graduation, he wished to learn more regarding the management process. He was interested in knowing what made few people tick and few other people much better sales persons than the average. This was not only imperative to him, but also became the basis to his ventures into marketing world. From Duke University, he received BS in engineering and MBA from Harvard Business School.
Eric Schiffer worked independently as the venture capitalist for a firm of the Oxford Partners in the decade prior to joining this store. This was the outstanding venture capital firm that taught Schiffer the majority of his present skills in marketing. He managed in leveraging his training into establishing the speedy expansion module for Dollar Store. Eventually, he furthermore managed to investigate several different principles of management, which he applied to expansion of 99 dollar store.
As of April 2011, the firm operated about 285 retail stores - 12 in Nevada, 27 in Arizona, 35 in Texas and 211 in California. These stores averaged roughly 21,200 gross sq ft. It opened eleven new stores during financial year 2011. Of these, 6 stores are situated in California, 2 in Arizona and 3 in Texas.