Boosting sales at a consumer durables company through a revitalised go-to-market strategy
In this client case Kanvic helped a leading consumer durables company in the kitchen and bath category increase sales and improve brand perception.
Our client is a leading consumer goods company in the kitchen and bath category.
The company had developed a new product and wanted to leverage the launch to address gaps in its go-to-market model and boost sales.
The client turned to Kanvic for help in launching their new product in the market with a comprehensive go-to-market strategy.
Uncovered new consumer insights
We conducted an extensive research to understand customers' needs in the client’s particular category. Our research revealed a major mismatch between customers’ functional needs and and the client’s product sales due to poorly communicated benefits.
Segmented channel partners according to performance.
Through a deep-dive analysis of current channel partners using transaction data, field visits & one-to-one interviews, we segmented the client’s dealers according to performance. This segmentation revealed major weaknesses in the performance of a large number of the client’s dealers.
Identified the role of brand
By comparing the sales contribution at comparable companies we also identified the role of brand and the client’s current brand positioning in realising higher sales value.
20% + sales increase in 6 months
Sales in our client's core market grew more than 20% within 6 months of implementing the new go-to-market strategy.
Improved dealer morale and loyalty
By identifying high performing dealers the client was able to reward them accordingly and increase their territory allocation. Dramatically increasing the loyalty and morale of its top dealers.
Brand and product portfolio aligned to customer expectations
Through a better understanding of customer needs we were able re-align the client’s product portfolio and brand positioning to boost value perception and increase contribution of higher margin products.