Retailing is one of the most competitive industries due to growing online competition. Some of the biggest retail challenges include offering unique products, reducing margins from competition, hard to find staff, rising costs of staff and overheads, supplier price increase, slow moving stock and high cost of marketing.
Stock + Sales Team + Location = Retail Results
Retailing is one of the largest employers and changing rapidly due technology
Our team of Business Strategists have spent many years working in Retail Environments at all levels, Many of our team have started their careers in junior retail positions, worked as managers and also become a General Manager of large high performing large Retail teams.
At Strategize, we have worked with hundreds of Retail clients. We have amassed significant experience working with all types of retail clients nationwide and internationally.
Since 2004 the Strategize team has worked with a wide range of clients from small to large retailers. Some of these Retail businesses include:
- Automotive Mechanics and Parts
- Beverages Manufacuring
- Café and Restruants
- Catering and Venue Catering
- Child care
- Electronics Goods
- Fashion Retailing
- Food Retailing
- Furniture
- Hardware
- Medical centres
- Photography
- Pharmacy and distribribution
- Online sales
- Supermarkets
- Wineries
Retailers must get the right stock
Getting the right product is one of the key success strategies of any Retail business. A Product Strategy is essential for success. We often find a lack of focus on product and product development creates the following:
- Not meeting Client Needs creating Client leakage
- Client Buying Behavior leads to lost sales
- Lost sales from lack of focus on core product
- Lack understanding Product Profitability analysis
- No defined Purchasing strategy i.e. Open to Buy System
- No understanding Fast and Slow Moving Stock
- Poor performing Product Sales Team
- Loss sales from poor Product Training and Testing
- Lack of Merchandising and Planograms to drive sales
Building a Strong Retail Team
Getting the right team is essential to all Retail businesses. A Retail Team Leadership and Management Strategic Plan is essential for business success. Our team has seen many issues due lack of Retail team focus including:
- Poor recruiting leading to high turnover
- Poor performing team due to lack of training
- No KPI to drive team performance
- Lack team engagement reducing sales
- No team accountability or responsibility
- Lack of performance management system
- Lack of performance measurement process
- No leadership and management training
- Lack of up date process and systems
Retail Client Loyalty and Growth
Targeting the right clients ensures client retention and acquisition. Lack of robust Retail Marketing and Sales leads to the following:
- Client Attrition leading tp loss of sales and profit
- Low client satisfaction leads to client leakage
- Lost sales from lack of database marketing
- Lost sales from lack of client loyalty programmes
- Expanding too quickly
- Lack of client segmentation
- No add on, upselling and add on selling
What Our Retail Clients Say
Our Business Services for Retailers
Our core Retail Improvement business services include:
- Retail Business Evaluation and Benchmarking
- Retail Strategic Planning and Implementation
- Retail Growth Plans and Export
- Retail Position Competitive and Situation Assessment
- Retail Business Recovery and Business Improvement,
- Retail Product and Stock Analysis
- Process and Systems Implementation
- Retail Fast Growth Planning and Delivery
- Retail Business Advisory Boards and Governance
- Retail Recruitment, training and managing performance
- Team Leadership and Management Training
- Aiding buying and selling Retail businesses, and
- Retail mergers and acquisitions for fast growth
Free High Performance Business Assessment Check Valued at $395
We offer complimentary High Performance Business Health Check to Business Owners with our Strategizer Assessment Tool including latest Industry Benchmarking. This is a two hour session covering all areas of your business including Business Planning, Strategy, Structure, Culture, Marketing, Sales, Finance, Operations, Process and Systems. On average we find 11% to over 29% of extra profit from profit leakage or growth opportunities!
Please contact us below to book your session.
Get Business Tips
Read our latest insights on Marketing, Sales, Customer Service, HR, Cash Flow, Finance and Strategy.