Alberta’s 50 Most Influential People 2012
Meet the people who are changing your world – and find out how they’re doing it
by Max Fawcett, Michael Ganley, Alix Kemp and Geoffrey Morgan
Vi (Violet) Konkle
Retail Therapist← Previous Influential | Back to Main List | Next Influential →
When former Walmart Canada executive Vi Konkle joined The Brick in February of 2010, it was still reeling from the effects of the 2008/09 recession. Now, a little more than two years later and after Konkle was promoted from president of business support to president and CEO in January of 2012, she is in charge of a much healthier company. In December, the company paid off a substantial portion of the $120 million in high-yield debentures The Brick had issued in May of 2009 in order to stay solvent. That shouldn’t be a problem going forward, given that the company’s decision to shift its focus away from lower-margin electronics and towards mattresses appears to be paying off in a big way. During the first nine months of 2011, the company’s EBITDA (earnings before interest, taxes, depreciation and amortization) rose by 19 per cent, even though same-store sales dropped by one per cent.