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we are focused on diversifieddiscount retail sectors whilebuilding momentous brands -
we love turning creativediscount retail ideas intobeautiful & stunning things -
empowering retail, shoppers& consumers by energizingdisruptive discount ideas
THE MANIFESTO
SKOONT is a dynamic and energetic consumer-oriented consortium with a special focus on discount retail business models targeting North, Central & East EUROPE in connection with new emerging experiences in the making.
We empower shoppers & consumers with better choices by energizing ideas & focusing on diversified consumer retail sectors while building momentous brands & products. The empowered consumer is completely reshaping the way successful companies start, grow and scale their brands — driving a consumer renaissance.
Our orchestra of ideas, brands and products are created in multi-format to support the needs of the consumers in the regions where we operate by always keeping in the back of our minds the cultural adaptability, flexibility and regional tractability. Our team members are responsible for delivering the business objectives while keeping in-line with the global vision of the company.
We acknowledge that the skills of our team members are the primary assets and engage directly in the success of our business where our customers shall receive the highest and most outstanding levels of services.
Our understanding of the retail business concepts and consumers needs, and our capability for delivering results, will makes us one of the leading retailers with a vast interlocking global network.
THE DISCOUNT MODEL
Discounting, when done correctly, gets you cash-flow, momentum, shoppers & customers and inventory turnover and can have different faces.
A discount retail model, category killer and/or cost killer is a retailer that specializes in and carries a deep product assortment within a given category and through selection, pricing and market penetration obtains a massive competitive advantage over other retailers. By supplying a wide assortment in a single category for lower prices a category killer retailer can -kill- that category for other retailers.
A no-frills service or product is one for which the non-essential features have been removed to keep the price low. No-frills businesses operate on the principle that by removing luxurious additions, customers may be offered lower prices.
Every day low price (EDLP) is a pricing strategy promising consumers a low price without the need to wait for sale price events or comparison shopping. EDLP saves retail stores the effort and expense needed to mark down prices in the store during sale events, and is also believed to generate shopper loyalty.
"I can't understand why people are frightened of new ideas. I'm frightened of the old ones."
THE CHAMPIONS
SKOONT Ventures will create, manage and operate what will become some of the world’s best known and disruptive champion brands. We will serve each of our brands with pride and its shoppers & consumers with loyalty and devotion.
Starting a new brand can be a wild ride, but that is the way we like it.
We are obsessed in building extraordinary consumer faced & oriented retail brands and concepts (offline & online) that directly engage, evangelize and enchant customers while focusing on differentiated businesses that offer unique growth opportunities.
INVESTMENT STRATEGY
SKOONT Ventures identifies and examines any possible chance to grow its portfolio and establish effective business partnerships and explore any strategic and/or opportunistic activities in the rest of the world. We would like to define and dominate a new generation of commerce and trade in the discount business models.
"Like most retailers, we don’t know exactly where we will land at the end of it but our curiosity and willingness to create will be a guide for us"
INVESTING IN SUCCESS
If you are a strategic investor(s) of seed and early-stage capital investments, believing in our ideas and buying our optimism - while challenging exceptional entrepreneurs to build scalable, innovative and profitable businesses by bringing new products to the market and transforming their industries, then SKOONT Ventures is the company to invest in, help accelerating its business momentum and upending entire consumer retail categories.
We would partner with investor(s) who would share our vision in creating new and more efficient brick-n-mortar retail commerce and experiences. At this juncture, SKOONT Ventures plans to establish a leading market position in the categories where it will be present, protect that position, and maximize the value creation and scalability of our ideas and concepts.
As an investor who is not afraid of risky investments and looking for profitable and rewarding outcome and have a passion for turning ideas into great brands with an interconnected vision and focus, as long as risk and opportunity are balanced and the entrepreneurs are thoughtful, introspective and have the vision and ability to deliver faster or better, and possess huge ambition for their companies with the will of committing their most valuable assets - time and focus - then SKOONT Ventures is ready to discuss more with you.
IDEAS? WE ARE LISTENING
We are obsessed in building retail & consumer companies, and one of our key roles is to look into new ideas and concepts where the focuses are on the initiation, development and implementation of all new retail consumer facing and oriented ventures.
However, sometimes and after visiting our website, some individuals like to share their ideas with us, the majority of which we have and/or might have already considered previously, thus please make sure you are happy with our below simple policy of submitting new ideas prior to contacting us.
Our ideas submitting simple policy:
(1) we appreciate people who are willing to talk about retail and consumer ideas but are prepared "not" to sign any form of non disclosure or confidentiality agreement.
(2) we are not obliged to offer any job, equity or any other form of reward in any company that is formed as a result of either an idea submission or any subsequent contact between us and the submitter.
If you nonetheless do so, then your submission of the idea to us will be taken as your agreement to immediately grant us an irrevocable, permanent, worldwide license to make use of the idea for any purpose we deem appropriate and in due course.
"You walk into a retail store, whatever it is, and if there's a sense of entertainment and excitement and electricity, you wanna be there."
THE STORY OF OUR NAME
SKOONT, a 1 syllab word is derived from the English word "discount" which is the base of our venture, our ideas and our concepts. While in French the word "discount" is pronounced as "deess-koont" - and as our main experience in this sector comes from the so-called "La Grande Distribution" in France in all its shapes & formats and having had the chance and honor to work under the supervision of a retail Guru, whom day-after-day, made us fall in love with this daily evolving industry ... thus the name of our venture was born.
The red star in our logo symbolizes the East European Block during the cold war as that part of the world - and without limitations - is our starting point to launch our concepts.
The scarification at the end of some of the letters in our name falls at the intersection of the missing star point and goes exactly in parallel with the star as our plan is to keep looking up and moving forward while searching and developing more ideas and exploring more markets to enhance our growth while keep walking side-by-side with the stars all over the Milky Way.
THE MYTH OF RETAIL APOCALYPSE
We are obsessed in building retail & consumer companies, and one of our key roles is to look into new ideas and concepts where the focuses are on the initiation, development and implementation of all new retail consumer facing and oriented ventures.
The bottom line is, there is no need to let the much rumored "retail apocalypse" defy our minds and end up in the statistics of closing stores. Brick & Mortar retail is here to stay, as long as we make sure that the shopper & customer are at the center of everything we do.
The only trouble with these stories is … they’re nonsense. They serve to frighten the industry and allow retail observers to pontificate endlessly. There are thousands of retail stores opening, retailers are making long overdue investments in people and they are working to bring experiences back into their doors
The stores that are opening are creating differentiation, assortment, and a new marketing, pricing and promotion perspective. Retail isn’t reeling. It’s changing.
"Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time."
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