INDUSTRY INSIGHTS YOUR PEERS ARE READING
For retailers, procurement is no longer solely a matter of negotiating “A” brands. Retail InsightsPrivate labels and verticalization are trending. Advanced approaches and tools help get procurement in shape for the future. MORE
Discounts and promotions are at an all-time high, often comprising the single-biggest cost within many retailers’ P&Ls. The good news is that many large retail organizations already have the tools and data they need to craft more effective promotions. John Rizzo/Getty Images. MORE
Retail profits are plummeting. Sure enough, the Census Bureau just released data showing that online retail sales surged 15.2 But before you dump all of your retail stocks, there are more facts you should consider. percent of retail sales in the first quarter of 2016. MORE
For retailers, the cloud can do much more than reduce the cost of computing and data storage. To maximize value from cloud, retailers need to prioritize workflows that can best benefit from it. We share six opportunities for leveraging the cloud as a catalyst for accelerating delivery of business results. Digital Insights MORE
Retail firings continue. is attempting to right-size itself by closing 33 under-performing stores around the country and eliminating 2,000 positions, the retailer said Wednesday. In addition to the workers losing their jobs, some associates will be reassigned or transferred, the retailer said. Today, Wal-Mart announced a 2% Reduction in Sam''s Club Employees to thin middle-manager ranks. Wal-Mart Stores Inc. MORE
Below, we take a regional look at how incumbents in retail payments can excel in an increasingly digital world. Overall, growth in retail payments revenues will be driven by account and debit card revenues. Article Monday, September 26, 2016. MORE
Sales & Marketing Technology Retail & Consumer Goods Technology Digital ArticleIt’s not for everyone. MORE
The local retailer says, “I’m sitting here all day, with a limited selection and a paid staff, waiting for you to come and buy something I have in inventory. ” The online retailer says, “I can use the same size staff to serve a town of a million, not a few thousand. ” The local retailer depended on two groups of people: Folks who needed or wanted the hands-on service, the ability to try things on and the chance to chat. MORE
A small but growing number of retailers and restaurants are experimenting with selling their wares through unstaffed kiosks, often linked to apps and e-payment systems MORE
Vietnam’s economic stability and growing middle class create an attractive retail environment. Retail InsightsCompanies need to embrace three key trends to translate the opportunity into profitable enterprises. MORE
Only ten years ago, the US retail banking industry was in the depths of the global financial crisis, as many once leading institutions struggled to survive. Since then, after bringing in billions in fresh capital, US banks have made a return to stable ground and greater liquidity. Now, however, several transformative forces are accelerating the evolution of US banking and promising to make the business more challenging in the next ten years. Insights on Financial Services MORE
If retailers treat indirect costs as an opportunity for business transformation rather than just a procurement matter, they can boost return on sales by as much as 2 percent. Retail Insights MORE
Retail InsightsOur survey of 23,000 European shoppers reveals specific ways grocers can win in fresh fruits and vegetables, boosting sales by as much as 10 percent even in a flat market. MORE
Our research shows that when consumer-goods manufacturers collaborate more closely with retailers, they outperform their competitors. We identified four principles for fruitful partnerships. Insights on Consumer Packaged Goods MORE
Today, retailers approach the last mile making more nuanced trade-offs among speed, variety, and convenience. The right combination entails a complex set of compromises that depend on the product type, consumer segment, shopping occasion, and retailer positioning Nearly two decades ago, the first home delivery startups focused on speed at the expense of variety -- they could get you a small selection of goods relatively quickly. MORE
Economists missed the mark on retail sales this month by a mile. The Bloomberg Econoday consensus estimate was +0.4% in … Continue reading → Economics MORE
Automation will reshape retail business models and the broader value chain, creating organizations with fewer layers and a better trained and trusted workforce empowered by real-time data and analytics. Retail Insights MORE
Nearly eight years after the financial crisis, the performance of many retail banks is still disappointing investors and financial markets, particularly in Europe. In fact, retail banks have to reinvent themselves. Article Tuesday, June 21, 2016. MORE
New methodologies, powered by big data and advanced analytics, can help retailers attract value-conscious consumers without sacrificing margins. Our Insights MORE
How to convert extraordinary behaviors into ordinary parts of your culture MORE
A measured approach to pricing during the clearance cycle could be worth millions of dollars to retailers. Retail Insights MORE
A retailer can now use geospatial analytics to understand the interactions between its online and offline channels. With these insights, it can create a higher-performing retail network. Retail Insights MORE
Black Friday and Cyber Monday are months away, but savvy retailers are incorporating lessons from last year’s holiday season into this year’s marketing. Marketing & Sales Insights MORE
For retailers, 2017 will be remembered as the year of store closings. This article appeared originally in Customer Strategist. Nearly 13,000 stores are expected to shut their doors this year, compared with 4,000 in 2016, Bloomberg reports. MORE
In light of the large-scale forces disrupting the US retail industry, once-optional moves have become imperatives. Retail Insights MORE
Four important trends are changing the terms of success in retail banking. Banks need to act now to develop new skills. Insights on Financial Services MORE
Retail InsightsWe surveyed nearly 5,000 consumers in China to discover how they buy fresh fruits, vegetables, and meats. Here’s what we learned. MORE
To serve and inspire shoppers, retailers and brands need to think through how new technology has changed the customer decision journey. Retail Insights MORE
Retail Related Topics McKinsey
AUGUST 23, 2019
For retailers, procurement is no longer solely a matter of negotiating “A” brands. Retail InsightsPrivate labels and verticalization are trending. Advanced approaches and tools help get procurement in shape for the future.
McKinsey
AUGUST 9, 2019
The decline in the need for space in Australian traditional brick and mortar retail calls for a survival plan. Asia-Pacific
McKinsey
NOVEMBER 29, 2018
In the United States and Western Europe, many traditional grocery retailers are seeing their sales and margins fall—and things could get even worse. Retail InsightsHere’s how to reverse the trend.
McKinsey
MARCH 16, 2019
A retailer can now use geospatial analytics to understand the interactions between its online and offline channels. With these insights, it can create a higher-performing retail network. Retail Insights
McKinsey
MAY 24, 2019
Automation will reshape retail business models and the broader value chain, creating organizations with fewer layers and a better trained and trusted workforce empowered by real-time data and analytics. Retail Insights
McKinsey
JULY 23, 2019
A measured approach to pricing during the clearance cycle could be worth millions of dollars to retailers. Retail Insights
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McKinsey
JANUARY 12, 2019
In light of the large-scale forces disrupting the US retail industry, once-optional moves have become imperatives. Retail Insights
McKinsey
AUGUST 24, 2019
It’s not news to food retailers: sometimes your stocks are too high, sometimes they’re too low. Retail InsightsAdvanced planning now gives them entirely new options for solving the expensive problem—and cuts costs in the process.
McKinsey
JUNE 7, 2019
Caution is understandable when it comes to blockchain, but there are a number of areas where the technology could create value for retail banks. Insights on Financial Services
McKinsey
OCTOBER 5, 2019
Vietnam’s economic stability and growing middle class create an attractive retail environment. Retail InsightsCompanies need to embrace three key trends to translate the opportunity into profitable enterprises.
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McKinsey
FEBRUARY 14, 2019
To serve and inspire shoppers, retailers and brands need to think through how new technology has changed the customer decision journey. Retail Insights
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McKinsey
AUGUST 22, 2018
As merchandising in retail continues to evolve with the integration of analytics and other digital solutions, merchants need to become much more nimble and ready to fulfill customer needs. Retail Insights
McKinsey
OCTOBER 2, 2019
Only ten years ago, the US retail banking industry was in the depths of the global financial crisis, as many once leading institutions struggled to survive. Since then, after bringing in billions in fresh capital, US banks have made a return to stable ground and greater liquidity. Now, however, several transformative forces are accelerating the evolution of US banking and promising to make the business more challenging in the next ten years. Insights on Financial Services
McKinsey
MAY 3, 2019
Our research shows that when consumer-goods manufacturers collaborate more closely with retailers, they outperform their competitors. We identified four principles for fruitful partnerships. Insights on Consumer Packaged Goods
McKinsey
FEBRUARY 19, 2019
Four important trends are changing the terms of success in retail banking. Banks need to act now to develop new skills. Insights on Financial Services
McKinsey
AUGUST 21, 2018
If retailers treat indirect costs as an opportunity for business transformation rather than just a procurement matter, they can boost return on sales by as much as 2 percent. Retail Insights
Strategy+Business
OCTOBER 17, 2016
Target is the latest retailer to double down on mini versions of its stores -- and hopes to avoid others' pitfalls
McKinsey
DECEMBER 7, 2018
For retailers, the cloud can do much more than reduce the cost of computing and data storage. To maximize value from cloud, retailers need to prioritize workflows that can best benefit from it. We share six opportunities for leveraging the cloud as a catalyst for accelerating delivery of business results. Digital Insights
McKinsey
JULY 27, 2018
Using advanced geospatial analytics, retailers can now quantify the true economic value of each of their stores across channels—and they’re uncovering surprising insights. Retail Insights
BCG
SEPTEMBER 25, 2016
Below, we take a regional look at how incumbents in retail payments can excel in an increasingly digital world. Overall, growth in retail payments revenues will be driven by account and debit card revenues. Article Monday, September 26, 2016.
Harvard Business
APRIL 18, 2019
Sales & Marketing Technology Retail & Consumer Goods Technology Digital ArticleIt’s not for everyone.
Seth Godin Blog
OCTOBER 20, 2019
The local retailer says, “I’m sitting here all day, with a limited selection and a paid staff, waiting for you to come and buy something I have in inventory. ” The online retailer says, “I can use the same size staff to serve a town of a million, not a few thousand. ” The local retailer depended on two groups of people: Folks who needed or wanted the hands-on service, the ability to try things on and the chance to chat.
McKinsey
APRIL 4, 2018
Retail InsightsOur survey of 23,000 European shoppers reveals specific ways grocers can win in fresh fruits and vegetables, boosting sales by as much as 10 percent even in a flat market.
McKinsey
JULY 30, 2019
Black Friday and Cyber Monday are months away, but savvy retailers are incorporating lessons from last year’s holiday season into this year’s marketing. Marketing & Sales Insights
BCG
JUNE 21, 2016
Nearly eight years after the financial crisis, the performance of many retail banks is still disappointing investors and financial markets, particularly in Europe. In fact, retail banks have to reinvent themselves. Article Tuesday, June 21, 2016.
McKinsey
NOVEMBER 8, 2016
New methodologies, powered by big data and advanced analytics, can help retailers attract value-conscious consumers without sacrificing margins. Our Insights
Strategy+Business
NOVEMBER 8, 2015
Today, retailers approach the last mile making more nuanced trade-offs among speed, variety, and convenience. The right combination entails a complex set of compromises that depend on the product type, consumer segment, shopping occasion, and retailer positioning Nearly two decades ago, the first home delivery startups focused on speed at the expense of variety -- they could get you a small selection of goods relatively quickly.
Harvard Business
MAY 30, 2016
Retail profits are plummeting. Sure enough, the Census Bureau just released data showing that online retail sales surged 15.2 But before you dump all of your retail stocks, there are more facts you should consider. percent of retail sales in the first quarter of 2016.
McKinsey
JULY 19, 2019
A look at how leading banks outperform in the world’s fastest-growing banking market. Insights on Financial Services
1 to 1
JULY 24, 2017
For retailers, 2017 will be remembered as the year of store closings. This article appeared originally in Customer Strategist. Nearly 13,000 stores are expected to shut their doors this year, compared with 4,000 in 2016, Bloomberg reports.
Harvard Business
NOVEMBER 16, 2018
Discounts and promotions are at an all-time high, often comprising the single-biggest cost within many retailers’ P&Ls. The good news is that many large retail organizations already have the tools and data they need to craft more effective promotions. John Rizzo/Getty Images.
MishTalk
JANUARY 24, 2014
Retail firings continue. is attempting to right-size itself by closing 33 under-performing stores around the country and eliminating 2,000 positions, the retailer said Wednesday. In addition to the workers losing their jobs, some associates will be reassigned or transferred, the retailer said. Today, Wal-Mart announced a 2% Reduction in Sam''s Club Employees to thin middle-manager ranks. Wal-Mart Stores Inc.
Strategy+Business
MARCH 1, 2015
How to convert extraordinary behaviors into ordinary parts of your culture
McKinsey
SEPTEMBER 26, 2017
Customers are leading the way toward next-generation retail-banking distribution strategies. Our Insights
McKinsey
JULY 31, 2019
Ludovic Holinier, executive chairman of Auchan Retail China, reflects on his two-year stint as CEO of China’s largest hypermarket chain and shares his views on what lies ahead for food retailers. Retail Insights
Strategy+Business
AUGUST 14, 2017
A small but growing number of retailers and restaurants are experimenting with selling their wares through unstaffed kiosks, often linked to apps and e-payment systems
MishTalk
AUGUST 12, 2016
Economists missed the mark on retail sales this month by a mile. The Bloomberg Econoday consensus estimate was +0.4% in … Continue reading → Economics
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