Retail Time is really money for retailers. Units sold are plotted against time. No product should sit long on the shelf for long or else it’s removed. Any failure in continuously updating product and service assortments encourages consumers to seek alternatives. Some retailers don’t differentiate their goods and services or private labels and lack adequate consumer insights and engagements. A majority almost exclusively depend on price-point as their sole competitive edge out of a wide arsenal of remarkable tools. Retailers that give consumers little to no incentives to pay price premiums and to have brand loyalty soon see their margins erode as online and brick-and-mortar competition intensifies. How We Create Value in Retail Add value in key success areas such as assortment depth, range of products, in-store experience and merchandising, location and access, assortment renewal, and value-added services.Introduce differentiators that enable a retailer to collect price premiums.Create a valuable and meaningful customer experience.Propose more effective promotion and marketing campaigns. Explore The Benefits When you hire The Seven Wise Men to optimize your value creation process in the retail industry, you can expect benefits like: Outstanding customer experienceHigher brand loyaltyDifferentiated products and servicesIncreased market share Higher sales turnoverMore points of saleQuicker order replenishment timesHigher return on marketing spendImproved cash flows with shorter conversion cycles Our team has been working with a wide spectrum of clients ranging from multinationals to top local large-surface retailers. Our experience spans a diverse range of sectors from foodstuffs, hypermarkets, apparel, to DIY and electronics to name a few. Whether you are a brick-and-mortar store chain, an e-commerce shop, or a hybrid retail platform, we can help you with creating high value. Explore Our Services Business Strategy Consulting Distinctive, innovative and informed core business solutions. Marketing oursourcing Outsource your marketing planning and management activities to us Interim Management Get instant access to wide-ranging skills and connections. Case Studies Read about some of our work in the retail sector.
