Caldero On Ken Crane’s Consolidation and Future Plans
Shortly after his last day as senior vice president and chief operating officer at Ken Crane's, Steve Caldero reflected on the LA retailer's consolidation and his own plans for the future.
Caldero left the company amid its restructuring, which included shutting down four of the chain's 10 stores. On January 12, Ken Crane's closed stores in Buena Park, Long Beach, Laguna Hills and Ontario, consolidating its business into six remaining locations: Torrance, Pasadena, West Los Angeles, Hawthorne Outlet, Encino and Westminster. The remaining stores better leverage the chain's media reach with the Los Angeles Times and the Orange County Register, Caldero said.
For more than two years, Ken Crane's has been trying to weather a storm of economic challenges. "Closing stores was always something that was discussed," he said. Executive Vice President Pam Crane declined to speak about the details of the consolidation and the company's future plans. But the saga of California's recent retail environment is well known.