Former K-Mart Executive Aiding SVDP Thrift Stores in Detroit

Detorit business publications reports on Kmart veteran Ray Minton using his 33 years of merchandising and finance experience to revamp the 10 thrift stores operated by Society of St. Vincent de Paul in the Archdiocese of Detroit.
Sales at the society’s stores open at least a year had declined by about 17 percent a year, and the operations were losing money when Minton took over in November 2002. After his first year, sales at stores open at least a year increased by 5 percent, and this year the store operations are poised to break even or produce a surplus.

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