Retail

The retail industry is undergoing tremendous change. Increasing ecommerce penetration and the continued strengthening of brand direct-to-consumer strategies and new business models, demographic shifts and renewed spending priorities, highly informed and empowered consumers, rapidly evolving technologies, and massive restructuring of major legacy channel segments, to name a few, are creating major disruption.

Achieving top- and bottom-line growth is a challenge for many, and for some, long-term viability is in question. Today, retailers need to objectively evaluate their roles and value propositions and prioritize the strategies ― both refinements and bold moves ― required to win in the future.

Simarn Solutions combines deep industry expertise, fact-based insights, and sophisticated analytics to identify solutions to complex issues and to build confidence among management teams so they can take informed strategic action. Retailers partner with us to deliver strategies that drive growth, create competitive advantage, unlock profit and value-creation opportunities, and mitigate risk.

It’s time for a new culture, one that continuously resets. With the right strategy, data, and level of agility, every retailer can reset, build back better, and grow. Along with purpose-led commitments to environment, social and governance (ESG) principles and modern digital technology, such as cloud, retailers need to focus on six imperatives for growth—consumer offerings, channels, fulfillment, sourcing, talent, and data.

This is retail’s moment of truth. The imperative is to reset the business responsibly, and then have the agility to keep resetting to find profitable growth in an ever changing and challenging world.

Retail Employee Self Service

Create an employee-centric organization with improved productivity and retention by empowering your retail employees to have more flexibility to work, collaborate with each other, and feel connected & involved. Highly engaged employees are 38% more productive. Empower and engage your retail employees by giving them the right tools to connect, communicate and collaborate through a single and simple Employee Self Service app, completely designed to support their day-to-day retail activities.

The future of retail

With the retail industry in perpetual flux, there’s no rest for the weary. Traditional retailers are vulnerable to disruptors from within and to a barrage of external forces beyond their control. The last thing they should do is hunker down and wait for things to settle. Because they never will. The challenge (and opportunity) for retailers is to strengthen digital capabilities while fully harnessing the physical model they’ve built over decades. This is a profound transformation that requires a reset of every aspect of the businesspeople, process and technology. All while navigating environmental, social, and governance (ESG) implications. What does that mean in practice? We’ve identified six imperatives—consumer offerings, channels, fulfillment, sourcing, talent, and data—that we believe are essential to enable retail success and growth. It’s time for retailers to demonstrate the resilience and creativity that have been hallmarks of the retail industry for years. Let retail’s responsible reset begin.