Retail

Retail segment is getting redefined faster than before as global economic uncertainty increases. Economic crisis has left a deep impact on consumers making them seek value in multiple ways. This has impacted players in the sector who have responded by keeping their costs low to be able to operate in a low volume and low margin environment. High inventory levels built earlier are now offered in a multichannel format that has various promotion schemes to build the consumer confidence back to normal level. On the other hand, digital retail is catching pace and the players are destined to face strong competition. As recovery gathers pace, players will seek top line growth and how the industry takes shape will depend on how the players attract the lost attention of consumers by simultaneously managing their efficiencies.

The retail world—with its relentless big bets on trends and timing—has never been a haven for the faint of heart. Add digital disruption, new business models and increasing consumer expectations to the mix and sustained, profitable growth becomes even more challenging. Bain Future of Retail solutions help retailers across all sectors—from grocery, luxury and apparel to restaurants, travel & leisure and more—develop and implement tailored strategies that address today’s challenges and tomorrow’s opportunities.

Current initiatives

To help clients stay at the leading edge, we have built advanced expertise and capabilities in the biggest opportunity areas in retail today. Current initiatives include:

• Digital and multichannel excellence: We partner with clients to embrace the opportunities afforded by new platforms, develop comprehensive multichannel strategies, and help them improve overall digital performance.
  
• Data analytics: We apply advanced analytics to help retailers identify data-driven improvement opportunities in all aspects of their commercial offer.
  

In all of these areas, our teams call upon a global network of experts. We partner with leading external specialists, as needed, to provide world-class consulting support. We form performance partnerships with our clients to address issues holistically and create customized solutions that go beyond the obvious.

How can purple oak help?

Purple oak has made inroads into the retail industry through its extensive knowledge of emerging markets which it has used to deliver tangible benefits in bottom-line through strategic and operational execution.

Purple oak's through it's Retail Strategy Consulting services assists clients in addressing their strategic challenges and enabling them to discover value in their business.

Purple oak's strong foothold in successful innovation techniques has helped companies in inventing new ways of doing business by offering unique solutions to issues ranging from offering new products that ensures loyalty from customers to capitalizing full potential offered by the digital space. Purple oak has a legacy in solving supply chain and channel partner issues is exemplary and companies have seen tremendous flexibility in their operations involving emerging markets.