McKinsey & Company | Global news | Retail

An overview of McKinsey & Company global news:

United Kingdom

Customer services leaders concerned by scaling difficulties for GenAI pilots Customer care leaders believe that Generative AI will soon be a defining feature of their sector, with four-in-five predicting their investments in the technology will increase.
17 September 2024
United States

McKinsey partners with New Voices Foundation on growing Black-owned businesses McKinsey & Company has partnered with New Voices Foundation to provide strategic scaling support to its member businesses.
01 September 2023
Germany

PlayMobil taps McKinsey to help turnaround the business The famous German toy maker PlayMobil is not playing games after a streak of tough circumstances resulted in revenue loss. McKinsey & Company has been engaged to help the company change course.
04 August 2023
China

Local apparel and fashion brands in China winning market share Chinese apparel and fashion brands are becoming increasingly competitive in the domestic market, tapping into the growing preference from consumers for local brands.
09 May 2023
United States

Starbucks taps McKinsey alum Laxman Narasimhan as incoming CEO Starbucks has selected former McKinsey partner Laxman Narasimhan as its incoming CEO.
19 September 2022
Europe

McKinsey consultant Marie Chachuat launches sandals brand A junior consultant in McKinsey & Company’s Paris office has made the leap into the world of fashion retail.
10 August 2021
United Arab Emirates

8 charts on UAE's shifting consumer behaviour landscape Global consultancy McKinsey & Company has surveyed over 500 consumers in the United Arab Emirates to gain insight into the current state of consumer sentiment.
06 April 2021
Indonesia

8 charts on how Covid-19 is changing Indonesian consumers The Covid-19 crisis is significantly changing purchasing behaviours and decisions of consumers in Indonesia.
14 December 2020
United Kingdom

Seven McKinsey charts on how Covid-19 is changing consumers The Covid-19 crisis is significantly changing consumption patterns, purchasing behaviours and brand mindsets of Britons.
30 November 2020
United States

Consumer optimism remains muted, focused on value and essentials Even as countries have lifted many pandemic restrictions, consumer optimism remains muted and spending intent is still below pre-crisis levels, according to a report from consulting firm McKinsey & C
09 September 2020
United Arab Emirates

McKinsey: How UAE consumers are responding to Covid-19 A new survey of UAE residents by McKinsey & Company sheds light on how Emirati consumers are responding to the Covid-19 pandemic and its resulting downturn. A round-up of the most notable findings.
24 August 2020
Australia

Asia Pacific's GenZ is a unique and diverse generation of its own While often perceived as a younger extension of the digitalised Millennial generation, GenZ actually displays a number of unique consumer patterns across the Asia-Pacific (APAC).
19 July 2020
United Kingdom

Clarks taps McKinsey consultants to review its strategy UK footwear retailer Clarks has appointed McKinsey & Company to conduct a review of its business, having endured a difficult period in the UK market.
03 December 2019
Asia

Inside McKinsey's innovative in-store retail experience in the US Global management consultancy McKinsey & Company recently opened a physical retail shop in the US, stocked with the latest in in-store shopping innovations.
15 November 2019
United Kingdom

McKinsey alumnus Laxman Narasimhan new Reckitt Benckiser CEO McKinsey & Company is known to be a major breeding grounds for future leaders in the world of business and beyond.
14 November 2019
United States

McKinsey & Company opens retail store in Mall of America Consulting firm McKinsey & Company has opened a retail store at the Mall of America.
02 October 2019
United States

'Woke’ no joke to retail and fashion brands They are hip. They are cool. They are millennials and Gen Z. They are “woke."
27 February 2019
Germany

McKinsey Germany partner Thomas Netzer joins Wayfair as COO Europe Thomas Netzer, a partner at McKinsey & Company in Germany, has joined Wayfair as Chief Operating Officer for Europe.
17 May 2018
Vietnam

McKinsey examines a Vietnamese supermarket sector set to explode As the Vietnamese economy continues its upward momentum, punctuated by a growing middle class and increasing urbanisation, the strategy and management firm McKinsey & Company has asked the question:
19 April 2018
China

Consumers in China lead the global trade-up trend for packaged goods Since 2015, consumer sentiment has improved: over the past two years, consumers have increasingly felt better about their finances, making them more likely to ‘trade up’ to upscale consumer packaged
16 April 2018
Asia

Chinese consumers trading up FMCG brands, sourcing local for value Chinese consumers are increasingly wealthy, as higher incomes from strong economic growth trickles through the economy.
04 January 2018
United Kingdom

Sainsbury's ups supermarket stakes with 2,000 job cut strategy As part of a £500 million cost-cutting plan, supermarket giant Sainsbury’s has announced that it will give 2,000 staff their marching orders.
25 October 2017
United Kingdom

Sainsbury's brings in McKinsey to draft new £500 million saving plan Sainsbury’s is due to announce more than 1,000 job cuts at head office as part of an efficiency drive designed to save £500 million.
22 August 2017
United Kingdom

Scandal-stricken Arcadia hires McKinsey to draft strategic plan Arcadia, the parent firm of Topshop, Miss Selfridge and Burton among others, has brought in consultants McKinsey to advise on a new strategic plan, with the group placing a new emphasis on e-commerce
07 July 2017
United Kingdom

Brand loyalty not enough to guarantee custom Top companies holding onto customers through brand loyalty alone is becoming increasingly difficult, according to a rectent report.
05 July 2017
United Kingdom

McKinsey Associate Principal Assi Gol joins online retailer Shop Direct Shop Direct has hired Assi Gol as the lead of the firm’s customer intelligence teams.
14 September 2016
United Kingdom

Chinese consumer spending moves toward more premium goods While the Chinese economy slows, it is seeking to transform to one led by consumer spending.
24 August 2016
United Kingdom

Tech-savvy shoppers lift Chinese e-commerce market to 630 billion China’s online shopping market is continuing to see strong growth. Over a period of two years the market has become 80% larger than that of the US, and in 2015 totalled almost $630 billion in sales.
02 June 2016
United Kingdom

Global grocery retailers struggle with expansion into emerging markets The expansion strategies of international grocery retailers into emerging markets is not as effective as hoped for, according to new research.
05 May 2016
United Kingdom

Consumer sector trends to consider in the next 15 years The past 15 years have seen a considerable shakeup of the consumer industry as old players gave way to new ways of engaging consumers and doing business.
18 January 2016
United Kingdom

Advisors rack up 100 million for Ahold Delhaize merger Last month supermarkets Ahold and Delhaize announced they agreed a merger, a move which will create Ahold Delhaize, a new top 10 player in the global supermarket scene. For management consultants, advisors and lawyers th
20 July 2015
United Kingdom

Flipkart hires McKinsey & Co. India Director as COO E-commerce marketplace Flipkart has hired McKinsey Director Saikiran Krishnamurthy to be the COO of the firm’s Commerce Division.
27 March 2015

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