Strategy for 2020 2022 - Varusteleka.com

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Strategy for 2020 2022 - Varusteleka.com
Strategy for 2020 - 2022
                        10.01.2020

1   22.5.2020
Strategy for 2020 2022 - Varusteleka.com
Varusteleka’s Values:

    VARUSTELEKA SUPPORTS THE GOOD GUYS
      The good guys never stray to the dark side. However, that isn’t
    enough - those in the middle are happy as long as more bad doesn’t
     happen in this world. Good guys go through the trouble of
                ensuring that there is more good in this world.

2   5/22/2020     HYVIEN PUOLELLA
Strategy for 2020 2022 - Varusteleka.com
Varusteleka’s Vision:

                               TOTAL WORLD DOMINATION
       We are forerunners                    We are internationally known              We are a growing and
                                                                                        profitable company
• Continuously develop and try out         • We will make Varusteleka known
  new and better ways to serve               as the best and most unique         • Take care of business so that the
  our customers around the world             shop to get good, durable             company has a solid foundation
                                             clothing and equipment
• We will be an international role                                               • We are a company in which
  model                                    • Bring prosperity to Finland: Sell     employees may improve upon
                                             more abroad than what we              their skills, may be proud of their
• We will dare to take risks                 import                                work, and enjoy being at work

                                                                                 • We will off-set our environmental
                                                                                   impact on a long run

                                                                                 • We are a company that functions
                                                                                   properly as a part of society

   3   5/22/2020         HYVIEN PUOLELLA
Varusteleka’s Mission:

         Take tasks head-on                       Do something you can be                        Share knowledge and
                                                         proud of                                    experiences

    • Be brave and take initiative               • Try to always surpass                      • We will be open about both
                                                   customers’, coworkers’,                      good and bad experiences
    • Help the customer,                           and affiliates’ expectations
      coworker, or affiliate to                                                               • Lead by example for our
      succeed                                    • Do things so well that you                   customers, coworkers, and
                                                   want to tell others of your                  affiliates
                                                   accomplishments

                                                      Full responsibility
                    We all have 100% responsibility to work according to our mission, take care of ourselves,
                                        our own work ethics, and our behavior at work

4     5/22/2020          HYVIEN PUOLELLA
Strategic themes 2020-2022                         Critical battles to win 2020:                                                                              Impact:
                                                                                                                                                               Number of
                                                                                                                                                               customers       +++
                                                   •   Execute ”Brand Level-Up” project from bottom up. Basics in place and brand guidelines in action
Brand Level-Up!                                    •   Execute Brand page project. Upgrade of Särmä, Särmä TST, Terävä ja Jämä pages in online store
                                                   •   Create a plan for brand marketing for years 2020-2022
                                                                                                                                                               Conversion      +
Make Särmä, Särmä TST Jämä, and Terävä into
internationally-known brands                       •   Execution of first brand video
                                                                                                                                                               Items/order     +

America First!                                     •   Opening of the new sales channel: Amazon US                                                             Number of
                                                                                                                                                               customers       +++
                                                   •   Improve online store speed in US market: server in US soil
Accelerate attack on the largest and most
                                                   •   Re-organize influencer marketing. Acquire new influencers and improve relationship with the existing
important market in military and outdoors
segment                                                ones                                                                                                    Conversion      +

                                                   •   Improve category management practices and create development plans for all categories for 2020-2022     Conversion      +++
Winning Assortment!                                •   Renew category management toolbox (analytics, processes the works)
                                                   •   Enhance supplier relationship management
Make the best possible assortment for the
customer. Not necessarily the widest, but the best
                                                   •   Improve product life cycle management and de-listing process in order to keep assortment fresh
                                                   •   Expand warehouse capacity and automation
                                                                                                                                                               Items/order     ++

Climate Change. Now!                               •   Assess environmental impact and compensate 2019 carbon footprint
                                                                                                                                                               Conversion      +
                                                   •   Continuous improvement to reduce environmental impact according to Unethicality Program
Reduce the environmental destruction caused by
                                                   •   Expansion of circular economy model
Varusteleka and promote the circular economy                                                                                                                  Order Quantity   +

        5     22.5.2020                 HYVIEN PUOLELLA
Strategy 2020-2022 in numbers:
     Our goal is swift but controlled growth that comes from increased customer numbers,
     better conversions, and the ability to offer more products per order
Amount of orders (thousand)                                         Items / Order                                      Turnover € (thousand)
                                                          CAGR                                               CAGR                                                     CAGR
                                                        2019-2022                                          2019-2022                                                2019-2022

                                               362                                         +2%                                                             22.100
                          10%                                                                                                               +15%
                                325
                                                                                                                                               19.200
                                                                                                                                                            5.339     +4%
                   294                          128       4%
  269                                                                                                                              16.700
                                                                                                                                                   5.263
                                124
                                                                                                                        14.493
                   119                                                                                                              5.077
   113
                                                                                                                         4.725                              9.306     +36%
                                                112       34%                       4,56         4,68   4,78                                       6.905
                                 84
                                                                        4,45
                   62                                                                                                               5.039
   47                                                                                                                    3.722

   109             112          117             122       4%                                                                        6.584          7.032    7.455     +7%
                                                                                                                         6.045

  2019           2020           2021           2022                     2019        2020         2021   2022             2019      2020            2021    2022
  Varusteleka.fi         Varusteleka.com        Store

     6     22.5.2020                  HYVIEN PUOLELLA
Impacting Trends
Technology changes    Scarce resources and      Informative and ethical      Well-being and               Global liberalism and             Death of traditional
    everything           climate change              consumption          importance of free time           security policies             marketing - content sells

                                                                                    Strategy for achieving Total World Domination in
                              Vision:                                                                  2020-2022:

          TOTAL WORLD DOMINATION
 We are forerunners    We are internationally     We are a growing and                                    Brand Level-Up!
                                                                                    Make Särmä, Särmä TST Jämä, and Terävä into internationally-known brands
                              known                profitable company

                             Mission:
                                                                                                            America First!
Take tasks head-on    Do something you            Share knowledge                 Accelerate attack on the largest and most important market in military and outdoors
                                                                                                                       segment
                       can be proud of            and experiences

                       Full responsibility
                                                                                                     Winning Assortment!
                                                                                 Make the best possible assortment for the customer. Not necessarily the widest, but
                                                                                                                      the best
                              Values:

            VARUSTELEKA SUPPORTS                                                                   Climate Change. Now!
               THE GOOD GUYS                                                    Reduce the environmental destruction caused by Varusteleka and promote the circular
                                                                                                                     economy

   7    5/22/2020        HYVIEN PUOLELLA
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