Venture Stores Case Analysis

Venture Stores was a chain of retail stores aimed at the discount department store market. The chain was founded in 1970 by John F Geisse of Target Stores and May Department stores executive vice president Dave Babcock. Venture stores expanded to operate over 70 stores with major market share in ST. Louis, Chicago and Kansas City, and expanded across various areas in the US over a period of nearly 30 years, becoming the largest discount chain in Chicago.
In January 1998, Venture entered a chapter 11 bankruptcy and closed down within four months.
In 1978 Ventured Stores purchased 23 Turn Style locations in the Chicago area from Jewel Food stores, and expanded to over 40 locations in the Chicago market area, with many city locations. Venture

Analyzing financial reports, developing action plans was seamless, and the routines that he establishes led to the type of culture that had a positive impact on the store. It was important to him that every decision that he made would have a long term impact. He believes that making the right decision the first time would elimate rework and allow the team to move forward at a faster pace. Executive meetings had a collaborative flare that made everyone feel that their opinion mattered, and as a team know task would be too difficult to overcome.
The store managers’ attention to details, and his unique communication style helped lay a foundation that prepared me for the future. I felt that working under his leadership that he would develop, and sharpen my managerial skills better than anyone else at that time.
I was not naive everyone knew my journey would be bumpy, and I had to be prepared for that. The store manager validated issue's that I would be confronted with before my goal could be achieved.
I was more confident than any point in my young career that one day I would be given an opportunity to manage a store strictly based upon my ability and nothing more.
During many one on one conversation with the store manager he told me diversity was not celebrated in the industry today, but it would one day, and he wanted me to be prepared for change that was