Chief Financial Officer
Specialty/Skills: Microsoft Office power user
Geographic Location Preference: Any Location
Salary Range Desired: 200000
Work Status: Authorized
Willing to relocate: Yes
Term of Employment: Any
Work Experience: SeniorLevel
Education: CollegeDiploma
Michael Bookbinder
Address: 4636 De Grey Lane
City: Plano
State: TX
ZIP Code: 75093
Country: United States
Phone (home): 972-***-****
Phone (work): 214-***-****
Fax: 972-***-****
: *******.**********@*****.***
:
Michael S. Bookbinder
4636 De Gray Lane
214-***-**** (cell)
Plano, Texas 75093
*******.**********@*****.***
http://www.linkedin.com/in/michaelbookbinder
CHIEF OPERATING OFFICER
Retail Business Solutions
Accomplished Executive Leader with proven success maintaining superior
competitive advantage, ensuring business flexibility, and delivering
sustained financial growth in volatile retail markets. Expertise lies
in streamlining processes for efficiency and cost reductions, business
development, marketing and merchandising, maximizing productivity, and
building shareholder value. Demonstrated ability to turn around
underperforming companies and produce multi-million dollar profit
increases. Fluent in Brazilian Portuguese and Latin American Spanish.
Excellent analytical, problem solving, and communication skills.
CORE COMPETENCIES
Process Optimization
Organizational Re-engineering
Branding
Analysis
Risk Management
EBITDA & Market Share Growth
Sales Administration
Strategic Planning
Demographics & Psychographics
Continuous Improvement
Marketing & Merchandising
Customer Relationship Management
Industry Trends & Analysis
SELECTED PROFESSIONAL ACCOMPLISHMENTS
Led acquisition of largest competitor at zero cost. Assessed
opportunity when competitor filed Chapter 11. Negotiated incentives
from key suppliers to recover the $12M acquisition costs, plus an
additional $2M. IMPACT: Positioned company to make a profit on the
purchase. Increased company s top-line from $452M to $691M, making it
the highest volume chain with most locations in the country.
Spearheaded major growth during recession. Directed a comprehensive
analysis of all competitors in new markets. Developed an intensive
marketing and media campaign targeting dominant competitor.
Guaranteed beating competitor s prices by a minimum of 20%. IMPACT:
Achieved 20% market share and catapulted sales in the new markets to
$47M in one year.
Turned around underperforming company. Researched negative sales
trend and lack of inventory controls. Organized two SWAT teams to
implement cycle inventory control processes and create an immersion
sales training program. IMPACT: Reversed 12% negative sales trend to
a positive comp store trend of 7%. Improved top-line sales by 19%, an
improvement of $33M. Eliminated $6M shrinkage.
Created structured sales forecasting and eliminated waste marketing.
Built company s sales budget store by store. Analyzed advertising
mediums per district and created advertising budgets by division.
IMPACT: Decreased ad spending by $349K with a top line sales increase
of $39M. Cut annual ad spending by 180 basis points from prior
historical levels and increased at a mean of 17.9% per annum.
Rebuilt relationships with key suppliers. Forged new relationships
with vendors, implemented new product offerings with better profit
margins, and increased incentives and payment terms. IMPACT: Raised
company s gross profit by 4.8%, adding $5M profit to bottom line, and
taking the company s EBITDA from 7-digit negative to break even.
Created 5-year expansion plan for regional retail chain. Presented to
venture capital market, vendor community, and primary lender for
multi-state growth plan. IMPACT: Raised a total of $9.35M, allowing
company to double its size through new market launches.
EDUCATION
B.A., Organizational Management (Summa cum laude) Ashford
University, Clinton, IA
Golden Key Honour Society and Alpha Sigma Lambda Honor Society
PROFESSIONAL EXPERIENCE
MATTRESS FIRM (formerly Mattress Giant), Addison, TX
2011 2012
Executive Vice President, Marketing & Merchandising
Led merchandise selection, price and terms negotiations,
determined placements per store, analyzed slot productivity. Planned
all marketing events.
Optimized slot productivity for 200 store chain. Negotiated
all vendor agreements, increased subsidies and terms, decreased
pricing, increased mark-up and gross profit dollars per transaction.
Targeted company s limited marketing budget into its most
efficient and effective markets to provide maximum ROI for
shareholders.
Analyzed store traffic versus prior periods and analyzed sales
by slot, by store, and by vendor.
Implemented a variety of options to improve store traffic,
store close percent, average mark-up, and average ticket.
KING KOIL LICENSING COMPANY, Willowbrook, IL
2010 2011
Senior Vice President, Retail Development
Maintained development of current large retail customer base
and opened new retail customers.
Launched new business with large, multi-state retailers.
Doubled sales volume of King Koil products sold through largest
customer in one year while raising wholesale pricing and increasing
slot count.
Consulted with Brazilian licensee on merchandising, marketing,
and developed retail concept.
Prospected with regional and national companies and
strategized with executive sales team regarding products, pricing,
terms, and representation for prospective accounts.
SLEEPY S LLC, Hicksville, NY
1999 2010
Executive Vice President, Sales, Marketing & Merchandising; Board
Member
Directed Regional Sales Teams and optimized slot productivity
for 700 store chain.
Negotiated all vendor agreements, increased subsidies and
terms, decreased pricing, increased mark-up and gross profit dollars
per transaction.
Targeted company s massive marketing budget into 8-state
market to provide maximum ROI for shareholders while capturing
dominant market share in all markets.
Led top-line sales, increased mark-ups, average transaction,
P&L responsibility for sales, mark-up, commission and incentive
programs, and maximized SKU productivity in stores and warehouses.
Created store-by-store sales and profit budgets and analyzed
productivity in each market.
Assumed total responsibility for all vendor-customer
relationships including contract negotiations, merchandise design and
selection, co-op ad campaigns, pricing, and terms.
Served as a member of the company s executive board and became
an integral part of all company policy-making, decisions regarding
expansion, annual budget, and compensation committee.
CITY MATTRESS, INC., Buffalo, NY
1982 1999
President & Chief Operating Officer
Led all marketing, vendor relationships, expansion planning
and execution, company operations banking relationships, and P&L.
Maintained total P&L responsibility and directed all
merchandise design, selection, vendor contracts, pricing, terms.
Planned all marketing campaigns, analysis, and placement of
all advertising.
Analyzed sales, volume, average ticket, accessory sales,
reviewed competitive advertising campaigns daily and adjusted ads,
pricing, or offers to beat competitive offerings.
Met with operations director to plan and modify any operations
issues, approved all vendor remittances, and reviewed company cash
flow daily with Controller.