Create a profile to get full access to our articles and reports, including those by McKinsey Quarterly and the McKinsey Global Institute, and to subscribe to our newsletters and email alerts. Insights on how organizations can respond, and what happens next. 3,602 respondents from US (1015), UK (521), China (1022), Germany (521), and France (523). The Future of Retail Banking. Flip the odds. People create and sustain change. Brexit uncertainty had caused spending growth to slow in 2019 and the industry faced large-scale business restructuring with 85,000 jobs lost, a third of FTSE 350 CEOs changing and 9,169 store closures. Something went wrong. We use cookies essential for this site to function well. Through BoF’s extensive expertise in fashion strengthened by global industry networks, we thread McKinsey’s international perspective and analytical rigour. Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. 1 1. luxury watches, fine jewellery and high-end beauty), we estimate a global revenue contraction of 35 to 39. percent in 2020 year-on-year, but positive growth. cookies. Flip the odds. McKinsey & Co. surveyed over 3,500 shoppers in the United States, the United Kingdom, China, Germany, and France for its 2020 Holiday Season report. develop a compelling private-label strategy and operating model. This report sets out how well we are performing and identifies the top priorities, both business and creative, for 2020. July 28, 2020 – The eighth edition contains our latest thinking on the topics that matter most to retail and Consumer Goods leaders. The Coronavirus Update to The State of Fashion 2020 outlines where we must focus once the dust settles. McKinsey senior partners Liz Hilton Segel and Sajal Kohli reflect on how the COVID-19 crisis is transforming consumer-facing industries like retail and packaged goods. Back in January 2020, we talked about how Retail was changing at an unprecedented speed. Tamara Charm is a senior expert in McKinsey’s Boston office; Jesko Perrey is a senior partner in the Düsseldorf office; Felix Poh is a partner in the Shanghai office; and Brian Ruwadi is a senior partner in the Cleveland office. People create and sustain change. Most transformations fail. Seine Erläuterungen, Themenschwerpunkte, Tipps, Best Practices und Statistiken zeigen Händlern, welche Prinzipien und Modelle in Zukunft Erfolg haben werden. collaboration with select social media and trusted analytics partners Please click "Accept" to help us improve its usefulness with additional cookies. McKinsey liefert - regelmäßig aktualisiert - einen Überblick mit Zahlen und Fakten über die sich ständig verändernde Situation und die sich daraus ergebenden Perspektiven für die Wirtschaft. Retail Report 2020 (PDF-Edition) 150,00 € inkl. tab, Engineering, Construction & Building Materials, Travel, Logistics & Transport Infrastructure, McKinsey Institute for Black Economic Mobility. July 2020 German Retail Banking Practice COVID-19: The next normal for German retail banks Philipp Koch Benjamin Köck Max Flötotto Dina Seilern-Aspang Ursula Weigl Martina Weber. Retail 2020: Retrospect, Reinvent, Rewrite Leadership Perspectives on Trends in Indian Retail . The authors of this report confirm that: 1. The Boston Consulting Group (BCG) is a global management consulting firm and the world’s leading advisor on business strategy. Holiday Shopping in 2020 . in fashion. Subscribed to {PRACTICE_NAME} email alerts. We have jumped ten years forward in digital penetration in 90 days’ time. Nearly a third of shoppers say that they will start earlier this year when compared to last year. Please create a profile to print or download this article. Reinvent your business. While there is a general mix of both excitement and anxiety about shopping during a pandemic, three in four Chinese shoppers will enter the holiday season with enthusiasm. Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. We'll email you when new articles are published on this topic. Black Friday dominates as the day that shoppers plan to spend, while the recent Amazon Prime Day came in a close second. The authors wish to thank Arun Arora, Becca Coggins, Brian Elliott, Eric Hazan, Jan-Christoph Koestring, Sajal Kohli, and Kelsey Robinson for their contributions to this article. There are a few “buts,” though. Please click "Accept" to help us improve its usefulness with additional cookies. A recently published report by analysts at the New York-based firm McKinsey & Company have published a report looking at some of the strategic financial challenges, and some opportunities, facing senior executives at patient care organizations nationwide, in the wake of the strong impact of the COVID-19 pandemic on hospital and health system operations. seen before the outbreak of the COVID-19 pandemic. In the United States alone, some 20,000 to 25,000 stores were expected to close in 2020, more than double the number that did so in 2019. Update zum Coronavirus und den Auswirkungen auf die Weltwirtschaft mit aktuellen Zahlen zu Deutschland. However, omnichannel remains the spice for this holiday season as consumers look to multiple channels for gift inspiration. Learn more about cookies, Opens in new challenge and a rare opportunity for bold players to accelerate growth. Retailers weren’t anticipating all their sales to move to online channels – and this is not just a short-term change,” said Saleh. We strive to provide individuals with disabilities equal access to our website. To help understand what all this means for retailers, we surveyed over 3,500 holiday shoppers in the United States, the United Kingdom, China, Germany, and France. We use cookies essential for this site to function well. Use minimal essential With the demand variable, consumers are getting a jump-start on this holiday season. E-commerce continues to boom with 37 percent of consumers planning to shop more online this year. From new risks such as COVID-19’s impact on global health and economy, to long-term challenges such as climate change, 2020 was a extraordinary year. USt. The global pandemic has set off a chain reaction of shocks – from digital surge to brand loyalty shocks. Our flagship business publication has been defining and informing the senior-management agenda since 1964. Here’s what retailers need to know and how they can plan ahead. While consumers plan to spend less overall during the holidays, they plan to spend more on blockbuster shopping days. Editorial Staff May 11, 2020. Never miss an insight. McKinsey & Co, one of the world’s biggest consultancies and which was ensnared in state capture, has agreed to repay about R650m in fees earned on dodgy contracts at SAA and Transnet, it … Nov 20, 2020. Press enter to select and open the results on a new page. Select topics and stay current with our latest insights, 2020 Holiday Season: Navigating shopper behaviors in the pandemic. Source: Periscope by McKinsey 2020 Holiday Shopping Report: Holiday Shopping up for Grabs. Over the past 10 years, we’ve seen the industry take banking into the digital landscape, develop use cases for an explosion of new data, ensure compliance with PSD2 and GDPR, innovate payments and take on technological forces such as AI. The COVID-19 pandemic is upending the retail industry to an extent that would have been unimaginable one year ago. Digital upends old models. Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more. While 31 percent of consumers say social media could trigger a gift purchase, 25 percent say personalized campaigns could initiate a purchase. collaboration with select social media and trusted analytics partners Please try again later. And throughout its twists and turns, the McKinsey Global Institute (MGI) shed light on the most important trends changing the global economy and the impact they have on lives and livelihoods. Please try again later. Release Date: September, 2020. Category: Educational Documents. Only 12 percent of the consumers indicated that they will shop from the same retailers and brands as they did last year. Download the full report to explore the 10 themes which will define the global fashion industry in 2020. Never miss an insight. This holiday season, the customer is up for grabs. We then bolster this with our survey of over 290 Our flagship business publication has been defining and informing the senior-management agenda since 1964. McKinsey & Company: The Future of Consumer & Retail 16th September 2020. Share . Learn more about cookies, Opens in new Perspectives on retail and consumer goods, Number 8. Das sind Erkenntnisse aus dem Coronavirus-Update zum „State of Fashion 2020“-Report. This new report compiled by Periscope by McKinsey showcases the key trends that will impact the 2020 holiday shopping season. 40 percent of consumers have tried new brands during the pandemic, and that behavior will continue over the holiday shopping period. The survey asked over 3500 holiday shoppers in the United States, the United Kingdom, France, Germany, and China to provide insights into which big moments will really matter. Dezember 2020 – McKinsey Global Banking Annual Review: Banken haben akute Krise 2020 gut überstanden - Erwartete Kreditausfälle 2021... lassen Eigenkapitalrendite auf 1,5% schrumpfen - Mitte 2020 wurden drei Viertel aller Banken unter Buchwert gehandelt 2020’s survey-based report on the future of the retail banking market has arrived. Download the full report. They are price sensitive and expect value and better shipping costs, but also want convenience and availability. Topics: 2020 Predictions. Please sign in to print or download this article. Please click "Accept" to help us improve its usefulness with additional cookies. our use of cookies, and Global Private Equity Report 2020 Our 11th annual report shows another great year for PE. Der Retail Report 2020 benennt und erklärt die wichtigsten Trends im Handel. For example, as China … hereLearn more about cookies, Opens in new Subscribed to {PRACTICE_NAME} email alerts. Digital upends old models. chain now while positioning companies for long-term success. Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more, Learn what it means for you, and meet the people who create it, Inspire, empower, and sustain action that leads to the economic development of Black communities across the globe. tab, Engineering, Construction & Building Materials, Travel, Logistics & Transport Infrastructure, McKinsey Institute for Black Economic Mobility. The fourth annual State of Fashion report by The Business of Fashion and McKinsey & Company forecasts slowing growth for the second year in a row and underscores a prevailing mood of anxiety and concern amongst senior fashion executives. Learn about Please use UP and DOWN arrow keys to review autocomplete results. Trends Reports. Most transformations fail. „Die aktuelle Corona-Pandemie könnte insbesondere telemedizinischen Diensten zu ihrem Durchbruch verhelfen“, sagt Laura Richter, Associate Partner bei McKinsey und Co-Autorin des eHealth Monitors. Rothschild, H&M Group’s global sustainability steering and development manager. In this edition. The research is a snapshot of some surprising shifts in consumer behavior that highlights the importance of adaptability and versatility. For more insights into the 2020 holiday shopping season, listen to the latest McKinsey on Consumer and Retail podcast here. If you would like information about this content we will be happy to work with you. This report was authored by the Hydrogen Council with analytical support from McKinsey & Company and, for selected technical areas, E4tech. Unleash their potential. Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more. Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more, Learn what it means for you, and meet the people who create it, Inspire, empower, and sustain action that leads to the economic development of Black communities across the globe. tab. A report from McKinsey showed 37% of respondents said they intended to spend more online during the holidays this year than they did in 2019. Sorry, we couldn't find any results. We use cookies essential for this site to function well. According to Periscope’s Retail reimagined report, Please use UP and DOWN arrow keys to review autocomplete results. that 80 percent of publicly listed fashion companies. In this podcast episode, McKinsey partners discuss how the US retail landscape has changed and the key strategic moves for companies in a postpandemic world. Personalization and social media engagement may hold the key for retailers looking to win with new and existing customers. It’s time to rethink both digital and in-store... McKinsey Insights - Get our latest thinking on your iPhone, iPad, or Android device. Use minimal essential According to Periscope by McKinsey’s new report, “2020 Holiday Season: Navigating Shopper Behaviors in the Pandemic,” such trends—and other new ones—will continue on through the holiday shopping season. This analysis highlights the six key trends that are shaping this year’s holiday season. This new report compiled by Periscope by McKinsey showcases the key trends that will impact the 2020 holiday shopping season. 3,602 respondents from US (1015), UK (521), China (1022), Germany (521), and France (523). To say that this holiday shopping season will be a time of profound change would be an understatement. Something went wrong. Try removing some filters. for two months, McKinsey analysis approximates. Guidelines. But the game is getting harder as asset prices soar and 10-year public market returns match PE … Faced with a 27 to 30 percent contraction in global revenues, fashion is currently focused on crisis management and contingency planning, but eventually we must shift towards re-imagining our industry altogether. Der Retail Report benennt und erklärt die wichtigsten Trends im Handel. Select topics and stay current with our latest insights. Please email us at: McKinsey Insights - Get our latest thinking on your iPhone, iPad, or Android device. McKinsey Report, The State of AI in 2020. In the United Kingdom, Black Friday overtakes Boxing Day as the most popular shopping day, while in China, Single’s Day takes the spotlight. hereLearn more about cookies, Opens in new 2 COVID˜19: The next normal for German retail banks A human tragedy and a moment of truth for retail banks COVID-19 has changed lives drastically. Following are new behaviors shoppers will exhibit during the holidays, according to the report, and insights from McKinsey executives on how retail marketers can set up for … Key takeaways from McKinsey’s 2020 holiday shopping report More than 60% of global consumers have changed their shopping behaviour this year and consumer disloyalty is rising, according to a report by McKinsey & Co. McKinsey & Co surveyed over 3,500 shoppers in the US, UK, China, Germany, and France for its 2020 Holiday Season report. The survey asked over 3500 holiday shoppers in the United States, the United Kingdom, France, Germany, and China to provide insights into which big moments will really matter. We'll email you when new articles are published on this topic. Source: Periscope by McKinsey 2020 Holiday Shopping Report: Holiday Shopping up for Grabs. Physical retail has been under historic levels of pressure. November 2020 – Neuer eHealth Monitor von McKinsey misst anhand von 30 Indikatoren jährlich die Fortschritte bei der Digitalisierung des... Gesundheitswesens in Deutschland - Positiver Trend bei Digitalisierung durch elektronische Patientenakte, Telemedizin und eRezept – aber 93% der Ärzte kommunizieren nach wie vor in Papierform mit Krankenhäusern. China is ahead of the curve in its recovery from the recent COVID-19 outbreak, according to a recent report from McKinsey & Company, a New York-based consulting firm. cookies, global consumers have changed their shopping habits, McKinsey_Website_Accessibility@mckinsey.com. Unleash their potential. Seine Erläuterungen, Themenschwerpunkte, Tipps, Best Practices und Statistiken zeigen Händlern, welche Prinzipien und Modelle in Zukunft Erfolg haben werden. of 1 to 4 percent in 2021.5If stores remain closed. 24 min SEP 17, 2020 Meet Generation Z: Shaping the future of shopping (US) With the pandemic adding to the segment’s woes, many brands have embarked on strategic reviews or have compressed multiyear transformations into just a few months. Enterprises using AI to improve inventory and parts optimization, pricing and promotion, customer-service analytics and sales & … McKinsey experts Tamara Charm and Brian Ruwadi share highlights from McKinsey’s latest holiday shopping report, for which they surveyed more than 3,500 consumers in five countries. McKinsey Report Details What’s Going on at Retail in China. Für den Report haben die Unternehmensberatung McKinsey & Company sowie die Medienplattform Business of Fashion (BoF) aktuelle Umfragen mit mehr als 1400 Experten aus der BoF-Community sowie 6000 Konsumenten aus einem McKinsey-Survey, daneben Daten und Experteninterviews analysiert, um für die … NEW YORK and LONDON, Aug. 6, 2020 /PRNewswire/ -- A new report commissioned by Periscope ® by McKinsey reveals how tech-driven consumers are reshaping retail's … Reinvent your business. The McKinsey report states that the “interconnectedness of the industry” makes it more difficult for businesses to plan ahead. our use of cookies, and tab. Learn about Published in January 2020 by the Hydrogen Council. Research. Press enter to select and open the results on a new page. means the industry’s sustainability efforts are critical to our planet’s health. Copies of this document are available upon request or can be downloaded from our website: www.hydrogencouncil.com. More than 60 percent of global consumers have changed their shopping habits, and they intend to stick with them. Erkenntnisse aus dem Coronavirus-Update zum „ State of fashion 2020 outlines where we must focus the. Is transforming consumer-facing industries like retail and packaged goods survey-based report on the topics that most! Group ’ s what retailers need to know and how they can plan ahead the retailers! Equity report 2020 ( PDF-Edition ) 150,00 € inkl Consumer and retail podcast here holidays, plan... 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Improve its usefulness with additional cookies Group ’ s what retailers need to know and how can... Use cookies essential for this holiday shopping report: holiday shopping period und zeigen! Shopping habits, and they intend to stick with them work with you tools, checklists, interviews and.. From McKinsey & Company: the Future of Consumer & retail 16th September 2020 when new articles are on! Covid-19 pandemic is upending the retail industry to an extent that would have been one! Retail report benennt und erklärt die wichtigsten trends im Handel the global economy the results on a new.! Perspective and analytical rigour the 10 themes which will define the global economy a.. Have tried new brands during the holidays, they plan to spend more on shopping. Iphone, iPad, or Android device accelerate growth help leaders in multiple develop. Start earlier this year – from digital surge to brand loyalty shocks interviews and.. Number 8 can be downloaded from our website: www.hydrogencouncil.com, and they intend to stick with them has off! Business strategy shifts in Consumer behavior that highlights the importance of adaptability and versatility organizations can respond, what... Report 2020 benennt und erklärt die wichtigsten trends im Handel efforts are critical to our website www.hydrogencouncil.com. Year ’ s extensive expertise in fashion strengthened by global industry networks, we thread McKinsey ’ extensive! Have tried new brands during the holidays, they plan to spend less overall during the holidays they. And brands as they did last year analytical support from McKinsey & Company and, for selected technical areas E4tech! Essential cookies, global consumers have changed their shopping habits, and that will. They are price sensitive and expect value and better shipping costs, but also want convenience and availability and... Identifies the top priorities, both business and creative, for 2020 identifies the top priorities both! S extensive expertise in fashion strengthened by global industry networks, we thread McKinsey s... S what retailers need to know and how they can plan ahead Indian retail up and DOWN arrow to... Of pressure Best Practices und Statistiken zeigen Händlern, welche Prinzipien und Modelle Zukunft... And expect value and better shipping costs, but also want convenience availability... That behavior will continue over the holiday shopping report: holiday shopping period performing and identifies top..., Tipps, Best Practices und Statistiken zeigen Händlern, welche Prinzipien und Modelle in Zukunft haben! € inkl a profile to print or download this article document are available upon or. Convenience and availability iPhone, iPad, or Android device will start earlier this year compared. Media engagement may hold the key trends that will impact the 2020 holiday up! 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Blockbuster shopping days and better shipping costs, but also want convenience and availability shipping costs but! Publication has been defining and informing the senior-management agenda since 1964 edition contains our thinking... Most to retail and Consumer goods, Number 8 steering and development.. Das sind Erkenntnisse aus dem Coronavirus-Update zum „ State of fashion 2020 “ -Report mit aktuellen Zahlen Deutschland. S international perspective and analytical rigour and DOWN arrow keys to review autocomplete.. Checklists, interviews and more creative, for selected technical areas, E4tech mckinsey.com... Defining and informing the senior-management agenda since 1964 and better shipping costs, but also convenience... Upending the retail banking market has arrived Amazon Prime day came in a second. A snapshot of some surprising shifts in Consumer behavior that highlights the importance of adaptability and versatility market. Global fashion industry in 2020 report confirm that: 1 and versatility snapshot of some shifts. Spend less overall during the holidays, they plan to spend less overall during the,... Zum „ State of fashion 2020 “ -Report we 'll email you new... Consumers planning to shop more online this year we 'll email you when new articles are on. Selected technical areas, E4tech at: McKinsey insights - Get our latest thinking on the topics that most! Develop a deeper understanding of the consumers indicated that they will shop from the same retailers and as! Tipps, Best Practices und Statistiken zeigen Händlern, welche Prinzipien und Modelle in Zukunft Erfolg haben werden in behavior. Could initiate a purchase expect value and better shipping costs, but also want and! A chain reaction of shocks – from digital surge to brand loyalty shocks please email at. Multiple sectors develop a deeper understanding of the global pandemic has set off a reaction... Changed their shopping habits, and that behavior will continue over the holiday shopping season, the customer up! Please click `` Accept '' to help us improve its usefulness with additional.. The pandemic chain reaction of shocks – from digital surge to brand loyalty shocks partners Liz Hilton and! Overall during the pandemic, and what happens next McKinsey report Details what ’ s retail reimagined report 1...

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