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A global fashion retailer was lagging, building their growth based on pure expansion as the only recipe forsuccess. They needed to renew themselves and create a new vision to modernizethe business from the ground up.
A comprehensive transformation strategy was implemented to achieve double impact by leveraging innovative growth strategies, modern technology, and organizational changes, with a focus on both online and physical stores.
Transforming the organization to drive future growth and value
The client needed to outline a new vision to transform the entire organization, aiming to achieve substantial growth by exploring innovative strategies and reducing time to market. The goal was to adapt to evolving market demands and enhance overall value.
Exploring new business models and reducing time to market
The transformation strategy involved investigating new business models, including partnerships in China and India and integrating additional brands into the existing platform. The focus was also on reducing time to market through methods like smarter deliveries, 3D clothing design, and leveraging modern technology.
Implementing changes and securing commitment
An innovative operating model was put into place to support growth and increase employee engagement. Ensuring strong commitment from the board and CEO was crucial, as reflected in the notable increase in stock value by 68% over three years. The approach emphasized bold moves and patience for long-term results.
The transformation led to significant growth and value creation, supported by a new vision and innovative strategies.
Achieved a 68% increase in stock value over three years
Enhanced employee engagement through the new operating model
Successfully integrated new brands and expanded partnerships in China and India
Implemented faster delivery methods and 3D clothing design to reduce time to market
Strengthened customer focus in both online and physical stores
