How retailers in Europe can navigate rising inflation

McKinsey Public & Social Sector Insights

With inflation at record highs throughout Europe, retailers are under more pressure than ever. Retail Insights Retail & Consumer Goods Retail environments Europe Marketing & SalesThose that act quickly and follow a holistic playbook can be well positioned to thrive.

Navigating inflation in retail: Six actions for retailers

McKinsey

Retailers are facing the possibility of persistent inflation—but they can meet that challenge in ways that streamline operations, retain customers, and drive profitable growth. Retail Insights Retail & Consumer Goods

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The state of grocery retail around the world

McKinsey Public & Social Sector Insights

A survey of more than 30,000 consumers and 100 grocery CEOs reveals the challenges—and opportunities—that grocery retailers face today. Retail Insights Retail & Consumer Goods Retail environments

Transforming the EU retail and wholesale sector

McKinsey Public & Social Sector Insights

Retail Insights Retail environments EuropeTo capitalize on change, companies must invest in sustainability, digitalization, and skills and talent.

The big break: How retailers can break habits to support diverse-owned businesses

McKinsey Public & Social Sector Insights

And retailers should take note. Retail Insights Retail environments Retail & Consumer Goods Strategy Marketing & SalesOur recent consumer survey found two important facts about American consumers.

Retail 100

The tech transformation imperative in retail

McKinsey

Retail Insights Retail & Consumer Goods Retail environmentsOrganizations face an urgent need to overhaul their tech architecture and operating model to keep pace with the changing landscape. Five concrete actions can accelerate the transformation journey.

Retail 103

How tech will revolutionize retail

McKinsey

The retailer of the future will harness the power of data, quantum computing, artificial intelligence, and augmented reality, says serial entrepreneur and technology expert John Straw. Retail Insights High Tech & Internet Retail & Consumer Goods Digital

Retail 109

Climate sustainability in retail: Who will pay?

McKinsey

Although the path to decarbonization remains unclear, retailers can prepare by better understanding how costs could be distributed along the value chain. Retail Insights Retail & Consumer Goods

Digital disruption: The rise of eB2B in fragmented retail

McKinsey

Retail Insights Retail & Consumer Goods Retail environmentsFragmented routes to market are being digitalized around the world. Profitability has been elusive for the disruptors, but a thorough blueprint, the right value proposition, and an ecosystem model can help.

Retail 102

The Black unicorn: Changing the game for inclusivity in retail

McKinsey

In the age of the inclusive consumer, harnessing the power of retail can increase demand for Black-owned brands. Retail Insights Retail & Consumer Goods Marketing spending effectiveness & ROI

Retail 105

RFID’s renaissance in retail

McKinsey

A new era brings a familiar technology to the forefront for nongrocery retailers. Retail Insights Retail & Consumer Goods Customer-Experience Design Process automation

Reducing food loss: What grocery retailers and manufacturers can do

McKinsey Public & Social Sector Insights

Insights on Consumer Packaged Goods Consumer packaged goods Retail environmentsAn estimated $600 billion worth of food is lost during or just after harvest. Can manufacturers and grocers do anything about it? Definitely—and it will be good for business, people, and the planet.

Retail 114

Ten steps retailers can take to shock-proof their supply chains

McKinsey

In a seemingly ‘no win’ environment, retailers can take a two-speed approach to address the current shocks and build a more resilient foundation for the future. Retail Insights Retail & Consumer Goods Retail environments Supply chain management

Retail 103

Why retail outperformers are pulling ahead

McKinsey

Retailers’ relative performance in capital markets starkly demonstrates a pandemic-driven acceleration of ongoing industry shifts. Retail Insights Retail & Consumer Goods Consumer packaged goods

The diversity imperative in retail

McKinsey

Consumers are expecting more from brands than ever before, and the cost is high for retailers that don’t take action on racial equity, diversity, and inclusion. Retail Insights

In search of speed: A new way for retailers to organize

McKinsey

As global organizations seek to recast themselves for speed, the retail sector has been under significant pressure. Retail Insights Retail & Consumer Goods Retail environments

Retail supply-chain strategies for the holidays and beyond

McKinsey

How can retailers ensure strong sales this holiday season amid continuing supply-chain problems? Retail Insights Consumer packaged goods Supply chain managementTwo McKinsey experts share their insights.

Retail 100

Why retail outperformers are pulling ahead

McKinsey

Retailers’ relative performance in capital markets starkly demonstrates a pandemic-driven acceleration of ongoing industry shifts. Insights on Consumer Packaged Goods Retail & Consumer Goods Consumer packaged goods

Crafting a fit-for-future retail operating model

McKinsey

Retailers must move beyond cost cutting to embrace a comprehensive transformation. Retail Insights Retail & Consumer Goods

The path forward for sustainability in European grocery retail

McKinsey

Retail Insights Retail & Consumer Goods Retail environments EuropeThough grocers have focused on product safety and hygiene during the pandemic, sustainability remains a key priority for consumers and grocery CEOs alike.

Retail speaks: Seven imperatives for the industry

McKinsey

After a year like no other, the US retail industry faces a still-uncertain future. Our latest research highlights seven imperatives that will position retailers for success—regardless of what is next. Retail Insights Retail environments

Reprioritizing the employee experience in consumer-goods and retail companies

McKinsey

Retail Insights Retail & Consumer Goods Retail environments Women & LeadershipA successful recovery from the COVID-19 pandemic will require the consumer sector to restore programs aimed at workplace diversity and inclusion.

Best of both worlds: Balancing digital and physical channels in retail banking

McKinsey

Insights on Financial Services Retail banking DigitalBanking distribution needs to account for the evolving interdependencies between channels. Accelerating digital and upgrading the physical experience to “phygital” offers a viable solution.

Airline retailing: How payment innovation can improve the bottom line

McKinsey Public & Social Sector Insights

Airline retailing could be worth $40 billion by 2030—a new report gives insight on how airlines can maximize this opportunity. Insights on Travel, Logistics & Infrastructure Travel, Logistics & Infrastructure

Retail 106

The path forward for European grocery retailers

McKinsey

Now evolving consumer demands also require grocery retailers to adopt new strategies to increase performance and pursue growth. Retail Insights Consumer packaged goods Retail environments EuropeCOVID-19 changed the market in unprecedented ways in the past months.

Reshaping retail banks: Enhancing banking for the next digital age

McKinsey Public & Social Sector Insights

The current model of universal retail banking is unsustainable over the long term. To thrive, banks need to reinvent themselves, focusing on businesses where they can achieve and extend market leadership in the new digital world.

How retailers can attract and retain frontline talent amid the Great Attrition

McKinsey Public & Social Sector Insights

Almost half of US frontline retail employees and two-thirds of frontline managers say they are thinking about leaving their jobs in the next few months. What’s a retailer to do? Retail Insights Retail & Consumer Goods

Navigating the retail storm through supply chain agility

McKinsey

Given COVID-19’s acceleration of digital retail trends, we sat down with Shekar Natarajan from American Eagle Outfitters to discuss the company’s recent push toward digitization. Retail Insights Retail & Consumer Goods

Busted! Five myths about retail media

McKinsey

Retail media networks are transforming the advertising landscape and boosting top retailers’ bottom lines. Our latest survey helps debunk five mistaken beliefs about RMNs. Growth, Marketing & Sales Insights Digital marketing Marketing spending effectiveness & ROI Marketing strategy

Retail Recruitment: The Great Reset

Market Source Inc

The post Retail Recruitment: The Great Reset appeared first on Migration

Retail Recruitment: The Great Reset

Market Source Inc

The post Retail Recruitment: The Great Reset appeared first on Migration

The dos and don’ts of dynamic pricing in retail

McKinsey

Here’s a checklist for retailers. Marketing & Sales Insights Retail & Consumer Goods Retail environments PricingDynamic pricing doesn’t have to be extraordinarily complex, but it does have to be strategic and disciplined.

How a Russian retailer is building a next-generation grocery business

McKinsey

Retail Insights Retail & Consumer Goods Retail environments Russia OperationsIn just one year, Pyaterochka experienced a fiftyfold increase in online-grocery demand. The spike was unexpected—but the company was ready. And its CEO is preparing for even more change ahead.

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Four ways to achieve pricing excellence in retail marketplaces

McKinsey Public & Social Sector Insights

Sellers typically control what retail marketplaces charge for their products, but retailers have options to keep pricing competitive—and customers loyal.

Shaping the workforce of the future in retail and consumer goods

McKinsey

Retail Insights Consumer packaged goods Retail environmentsForward-thinking companies are creating thoughtful guidelines for hybrid work environments, training employees in adaptability and resilience, and proactively reskilling their workforces.

Retail 106

Retail Recruitment: The Great Reset

Market Source Inc

To stay ahead of the hiring curve, retailers must develop innovative recruitment and retention tactics that adapt to the mindset of today’s job hunters. The post Retail Recruitment: The Great Reset appeared first on MarketSource

Winning back the Retail Customer – It’s Not Too Late

EGA

While the demise of traditional retailers such as Sears, is often attributed to technology growth, the real killer is lack of attention to customer experience, choice and market direction.

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A year like no other for European grocery retailers: The state of the industry post 2020

McKinsey

The coronavirus pandemic has reshaped the European grocery-retail landscape at unprecedented speed and scale. Retail Insights Retail & Consumer Goods Europe RetailFive major forces at the heart of this change came together and reinforced one another.

2022 China Retail Digitalization Whitepaper: The next frontier of digital transformation in China’s retail industry

McKinsey Public & Social Sector Insights

Despite significant investment in omnichannel expansion, retailers in China are struggling to convert this into improved financial performance. Our Insights

Navigating the headwinds: The State of Grocery Retail 2022: Europe

McKinsey

Retailers must be prepared to take bold actions and keep investing in key areas such as online, new profit pools, analytics, sustainability, and people. Retail Insights Retail & Consumer Goods