Hemant Kalbag

Managing Director
22+ years of experience in large-scale transformation efforts
Focuses in the retail and consumer goods industries
New York
@alvarezmarsal
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Hemant Kalbag is a Managing Director with Alvarez & Marsal’s Consumer and Retail Group in New York. He brings more than 22 years of experience in large-scale transformation efforts within the retail and consumer goods industries.

Mr. Kalbag works closely with corporate leadership teams and boards of directors to help companies effectively manage costs and grow their topline. Notable assignments include: an end-to-end transformation and merchandising strategy for a value retailer, resulting in double digit cost efficiencies and sales growth by 4 – 6 percent; a consumer led growth strategy for a leading convenience store chain, leading to a gain in COGS efficiency, optimization in indirect costs and investment in digital growth; an 18-month transformation program for a leading furniture manufacturer and its retail division, driving significant trajectory change in topline growth, pricing optimization and execution of cost initiatives; growth strategy for a leading U.S. fashion company, leading to a successful board mandate, investor presentation and consistent TSR results.

Prior to joining A&M, Mr. Kalbag was a Senior Partner at Boston Consulting Group, a partner at A.T. Kearney (New York, Singapore and Mumbai) and an SVP at Levitz Home Furnishings.

Mr. Kalbag earned a bachelor’s degree in economics from Temple University and an executive MBA (Essentials) from the University of Michigan.

Insights By This Professional

After two long years of intermittent lockdowns due to the Covid-19 pandemic, the retail sector in Southeast Asia (SEA) and Australia appears to be bustling with life again. Indeed, the retail sector is said to be one of the recovery plays as we transition out of the pandemic phase of Covid-19.However, retailers are faced with a new challenge—sweeping inflation.
This article explores the current retail landscape, how the industry will likely emerge from the pandemic, and six core areas that retailers must focus on now to yield positive business growth.
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