Terry J. Lundgren Center for Retailing and Gordon Brothers Group Form Partnership, Establish Scholarship of Excellence.
The Terry J. Lundgren Center for Retailing at The University of Arizona’s John and Doris Norton School of Family and Consumer Sciences today announced the addition of Gordon Brothers Group to its Corporate Advisory Board, which focuses on building the future of aspiring retail professionals.
Gordon Brothers Group, a global advisory, restructuring and investment firm specializing in the retail, consumer products, real estate and industrial sectors, joins an elite group of corporate sponsors which include Federated Department Stores.
“We are honored to join others in the corporate retail industry in helping the Terry J. Lundgren Center bring focus to the issues facing retailing today,” said Bradley Snyder, Principal and Managing Director, Gordon Brothers Group.
At the core of the partnership is the establishment of the Gordon Brothers Group Scholarship which rewards an outstanding student each year based on merit.
“These students are the retailers of tomorrow and this scholarship will help some of them financially in achieving their goals,” said Ann Merrill, a Principal and Managing Director at Gordon Brothers Group who will be joining the Terry J. Lundgren Center’s Corporate Advisory Board.
The first Gordon Brothers Group Scholarship was awarded to Retailing major Leah Scherotter from Tempe, Arizona at the 2007 Global Retailing Conference, which was hosted by the University of Arizona last month at the Loews Ventana Canyon Resort in Tucson.
Scherotter was selected from a pool of candidates based on the following criteria:
- Acceptance into the highly competitive Retailing and Consumer Science (RCSC) Professional Program
- A 3.5 or higher cumulative GPA
- Demonstrated leadership through extracurricular activities
- Passion for retailing as demonstrated through work experience
- Junior or Senior standing in Fall 2007
“It is always difficult to choose just one individual out of such a talented pool of candidates,” said Melinda Burke, Director, Terry J. Lundgren Center for Retailing. “In the end, Leah’s exemplary work and leadership experience and her strong enthusiasm towards the retail industry is what truly set her apart.”
In addition to awarding the scholarship, Gordon Brothers Group will partner with the Terry J. Lundgren Center by conducting on-campus seminars, guest teaching in classrooms and offering internships to students.
About Gordon Brothers Group
Founded in 1903, Gordon Brothers Group is an advisory, restructuring and investment firm specializing in the retail, consumer products, real estate and industrial sectors. The firm provides a wide variety of services to companies at times of growth and restructuring. Gordon Brothers Group capabilities include asset valuations, dispositions and appraisals, real estate consulting and acquisitions, retail store operations, lending, equity investments, restructuring and advisory services. The firm has unparalleled expertise in assisting healthy and distressed companies in maximizing the value of under-performing assets and expanding operations through new products and distribution channels. Gordon Brothers Group resources include over 250 professionals and 200 field experts, including former CEOs, CFOs, merchants and executives in offices worldwide. During the past three years, Gordon Brothers Group has appraised over $100 billion of assets, managed more than 7,000 stores, sold more than $10 billion of inventory and restructured or sold over 120 million square feet of retail space. In addition, Gordon Brothers Group currently owns and manages over 1,600 stores through various portfolio companies including Things Remembered, Andrew Marc, Spencer Gifts, and Laura Secord.
About Terry J. Lundgren Center for Retailing
Since 1993, the Terry J. Lundgren Center for Retailing at The University of Arizona’s John and Doris Norton School of Family and Consumer Sciences has brought together the resources and expertise of academia and the retail industry with a shared goal of developing strong future retail professionals. Supported by the Corporate Advisory Board partners and sponsors, the Center is able to offer the benefits of research and scholarship to industry and a perspective on the working world to Retailing and Consumer Sciences students. Through these business partnerships, the Center offers students unique opportunities for research, career exploration and development, internships, professional in-class speakers and industry tours. The Center provides funds to support graduate students and various research activities with our top-notch faculty, and as a result, continues to enhance its reputation at the local, state, national, and international levels as “The” place for retail studies and prospective retail leaders.