From Retail Veteran to CEO: The Vision Behind ENDVR’s Founder

From Retail Veteran to CEO: The Vision Behind ENDVR's Founder

How challenges in the wholesale channel shaped Steve Gendron’s vision for a retail sales enablement platform.
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Q1. About

Tell us a bit about yourself and your two-decade-long career in retail?

I am Steve Gendron. I am the co-founder and CEO of ENDVR, a retail sales enablement platform. Before starting ENDVR, I spent a couple of years working in finance before opening my first retail store in Montreal, Canada back in 2003. We sold X products. After that I started a distribution company and brought products into the Canadian market. That’s when I found TOMS, a little start-up shoe company at the time, and helped bring them into Canada. Then over the course of 12 to 15 years I had the opportunity to work with some amazing brands, like Liberty Skis, Javina Sandals, and Richard Poor Socks. I carried a lot of brands in the action sport and lifestyle footwear business I’m passionate about skiing. That really gave me the experience to see retail from both sides of the coin and transaction – from being a store owner and going out and trying to influence store sales and sell-through.

Q2. Challenges

What were some of the biggest challenges you faced as a wholesale distributor?

One of the biggest challenges is getting that initial purchase order — getting the retailer to take a chance with your product and give you some shelf space. So, when I was a distributor talking to independent store owners or buying teams at major retail chains, I would say, “Invest in my product and I’ll turn that $100 purchse order into $200 in revenue.” And while that initial P.O. is nice, what really matters is that your product sells through and that it sells through quickly. So, the real work begins when the product hits the shelf and even before then. You need to make sure your products look good at every point of sale and are being merchandised correctly. You need to have the POP set up correctly to properly tell your brand story.

Then, you need to make sure that sales associates know your products inside and out, because they will only sell what they know. If they can tell you 10 things about this pen and only one thing about that wallet, they’re going sell you this pen all day, every day because who doesn’t want to feel like they’re building a great service and expertise? So, it’s so critical that you get them educated. And then of course, you need to make sure they’re motivated to sell your products. That’s why brands use sales incentive programs to give boost their sell-through rates. They want to make sure front line employees are thinking about and pushing their brands.

Q3. Sell-Through

Can you explain the consequences of low sell-through rates for distributors and brands?

I remember when we first brought TOMS to Canada just to give you an example. We were using a sales agency model and we were all commission-based. And I remember having months where my little business had negative commission checks because there were more returns than purchases. I was on the books for a few grand and it was extremely nerve wracking.And then on the brand side, you don’t see what sell-through is happening. It’s difficult to keep your finger on the pulse. You don’t know what’s going on until you get an email from the buyer saying stuff is moving really slowly and they need your help. Or, things are going great and they need more product. It absolutely was not a good feeling in those early days. 

Q4. Product Education

What were the key obstacles in effectively training retail staff to enhance sell-through performance?

So, you say to yourself, I need to get on the road. I need to get into the stores and talk to employees. I need to get them excited. So, I would go out and do these clinics. I would spend an hour with the store staff telling them all the great things about Tom’s shoes and make sure they understand that for every pair of [purchase??], we’re going to give a pair of shoes to a child in need. I would get in my car and drive and drive and drive from store to store to store to make sure they understood the message. I did the same thing with the ski company. I would drive eight hours to Collingwood, Ontario to do a clinic for just one store to make sure that their employees understood our product and what was unique about it. The problem is you can’t get face time with all your accounts and everyone is offline.

There were some accounts that I could only engage with once a year. So, it’s tough building those relationships and making sure you stay top of mind. And I can’t tell you how often I would come back to a store two or three months later and I didn’t recognize half the faces because staff turned over. And you’re like, oh boy, time to educate again.

Obviously you leave marketing materials and other things behind, and try to educate the store manager. But now you’re playing a game of broken telephone. You’re not getting facetime with the people who are talking to your potential customers everyday. You also don’t have any control or clue what’s going to happen to it after you leave. There was no way for me to confirm or measure that they were paying attention and actually understood what I was telling them. 

Q5. Turning Point

What was the turning point that made you realize solving this problem couldn’t wait?

I remember this like it was yesterday. I found an amazing brand called Crochet Kits. They make these incredible knit products, like hats, scarves, accessories, sweaters. Every single piece is handmade by these women in Uganda and Perua and they’re hand signed. They get education and mentorship and the proceeds are given back to them. So, just an incredible company with an incredible mission. They created this two minute video that was so impactful, it gave me goosebumps. And I remember seeing it and saying, we need to make sure that every single employee at every single point of sale sees this video.

So, I reached out to one of my contacts and said, you saw what happened when every sales associate understood TOMS. One for one, you saw how excited they were. You could not walk into a store without a store associate saying, “Have you heard about TOMS? They’re giving away a pair of shoes to children in need.” And then or two or three days later, I practically had the exact same conversation with the buying team at Simons where they said, “We need you to get this video in front of all of your employees.” 

That was the “AHA” moment. That was what led me say say, geez, every single person working in these stores and talking to customers has a smart phone in their pocket. They are in the greatest position to influence a purchasing decision, yet they are also the hardest people to reach, to educate and to get excited about your product. So, why can’t we just directly engage with them on their phones to make sure they have the information they need to do their job well and to sell more of our products? How can we NOT do this? 

Q6. Solution

How does ENDVR help brands, retailers, and sales associates to move more product out the door?

Right, so ENDVR is a platform that enables brands to connect directly to the front line employees who are talking to their target customers every day. They can instantly provide them with all the product knowledge, updates and incentives they need to sell their products and answer customer questions directly through the app. This doesn’t eliminate the need to have a brand rep visit the store.You still want reps going into the store to have that face to face conversation and develop a relationship. But now they can engage with more retail associates – from both big and small stores – and more frequently throughout the year. AND they can track exactly how each retail store and associate is performing in near real-time.

And that’s so important because this is the other thing we haven’t talked about. Brands invest hundreds of millions of dollars each year to engage with consumers online to shape their buying preferences and decisions. However, 80% of purchases still take place in retail stores. So, brands rely on sales staff to answer customer questions and influence the final stage of their purchase decision.

So, our goal with ENDVR is to create a win-win situation for all. Brands increase their sell-through rates in their biggest sales channel and get data and insight they never had access to beore. Retailers get a better educated and motivated frontline staff who is equipped to deliver a great customer experience every single time. This ultimately leads to higher sales for brands, higher rewards for retail associates, and higher levels of customer satisfaction and loyalty.

Q7. Value

What brands are leveraging ENDVR, and what measurable outcomes or intangible gains have they reported?

We have some of the world’s biggest brands using ENDVR, like Oakley, Adidas and Burton. And the results speak for themselves. Oakley saw a 43% lift in sales using ENDVR. Vuori saw a 35:1 return on associate spend. Burton’s average purchase revenue is $257K. And I can’t tell you how often we’ve heard from store owners or managers about the impact ENDVR is making in helping them find and keep great employees. In a post-COVID world, it’s really hard to find great hourly talent. And because we’re giving these individuals access to all these rewards and incentives, retailers are using this as part of the recruitment and way to retain good employees.

Other anecdotal benefits our customers have shared is the impact of having visibility at scale. For the first time, they can see what products are selling at what stores at what prices. So, they’re really getting actionable data and insight that they can use to better support their network to make sure that they have the right product mix for their customers in their biggest sales channel.

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