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Retail news in the USA
An overview of news, trends and research in the Retail industry in the USA:
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No news found.
BCG files lawsuit against GameStop for $30 million in unpaid fees
Boston Consulting Group (BCG) has filed a lawsuit against GameStop seeking $30 million in damages, alleging the US retailer refused to pay agreed upon fees for turnaround consulting work.
25 March 2022
How consultants helped Christmas Tree Shops with its IT carve-out
Columbus Consulting, a retail advisory specialist, supported Christmas Tree Shops with its post-divestment information technology function carve-out.
04 March 2022
Consumer safety perceptions hit by Omicron, but financial sentiment steady
The Covid-19 Omicron wave has reduced the safety perceptions of US consumers, according to a monthly report Consumer Tracker report from Deloitte.
10 February 2022
AlixPartners' Joel Bines unravels changing consumer economy in new book
Joel Bines, a consumer industry expert and managing director at consulting firm AlixPartners, has authored a new book titled “The Metail Economy: 6 Strategies for Transforming Your Business to Thrive
27 January 2022
Nordstrom hires AlixPartners to advise on potential Rack spinoff
Nordstrom has tapped consulting firm AlixPartners to advise on a potential spinoff of Nordstrom Rack, the department store’s off-price retail brand, according to a Bloomberg report.
03 January 2022
CPG brands expect to shell out even more on packaging
Consumer packaged goods (CPG) brand owners expect to increase spending on packaging in the next two years, well in excess of inflation, according to a recent report from L.E.K. Consulting.
25 November 2021
Macy's hires consultants from AlixPartners to review business
Macy’s has hired management consulting firm AlixPartners to review its business structure as its faces pressure to spin off its e-commerce business.
23 November 2021
Columbus Consulting advises on Malin+Goetz's digital transformation
Columbus Consulting, a retail consulting firm, recently supported Malin+Goetz, a global personal care brand, with the upgrading of its core processes.
21 September 2021
Accenture buys Chicago-based HRC Retail Advisory
Accenture has acquired HRC Retail Advisory, a Chicago-based provider of management consulting services to the retail industry.
28 July 2021
Pet ownership to keep growing after pandemic bump
Pet ownership is expected to keep growing even after the pandemic caused a significant bump in pet ownership, according to research from L.E.K. Consulting.
20 July 2021
US consumers to spend more on at-home activities post-pandemic
US consumers expect to spend more on electronics and streaming entertainment and more time cooking at home, according to a recent study from L.E.K. Consulting.
28 June 2021
Online to take a bigger piece of the sports retail pie, says BCG
Online platforms accounted for 25% of global spending on sports equipment last year – including clothes and wearable technology.
19 May 2021
West Monroe helps Visionworks implement data platform
West Monroe, a national management consulting firm, recently supported eyecare services company Visionworks with an organization-wide data analytics project.
05 May 2021
Half of consumers say pandemic has permanently altered spending habits
Half of consumers (48%) globally say the Covid-19 pandemic has permanently changed their consumption habits, according to a recent report from AlixPartners.
13 April 2021
Consumer anxiety over Covid declining, but financial anxiety lingers
Global consumers are reporting the lowest anxiety levels since April 2020, though concern over personal finances continues to accelerate, according to a recent report from Deloitte.
26 March 2021
EY-Parthenon partners with startup accelerator Plug and Play
EY-Parthenon, the strategy consulting business of EY, has formed a global collaboration with Plug and Play, a Silicon Valley-headquartered startup ecosystem and venture fund.
04 January 2021
US consumers will cut holiday gift spending by 14%, finds L.E.K. study
Americans are projected to spend 14% less on holiday gifts in 2020, according to a recent survey from L.E.K. Consulting and Civis Analytics.
16 December 2020
December retail sales to be muted amid shutdowns and earlier holiday purchasing
US retail sales are projected to fall by as much as 4% in December, according to consulting firm Berkeley Research Group (BRG).
15 December 2020
As Prime Day kicks off shopping season, mass merchants continue to thrive
Traditional and online-only mass merchants are likely to be the big winners this holiday season, according to Deloitte InsightIQ’s consumer data report for October.
17 November 2020
Rightpoint helps Raymour & Flanigan with e-commerce implementation
Rightpoint, a digital experience consultancy, has helped US furniture retailer Raymour & Flanigan launch its new e-commerce website.
12 November 2020
Secondhand fashion market now worth over $30 billion globally
As luxury goods become ever more elusive, a new Boston Consulting Group (BCG) report has revealed that a thriving secondhand fashion market is waiting in the wings – an opportunity for consumers and
29 October 2020
Holiday spending to drop by 7% as consumers avoid travels and experiences
Holiday spending in US households is projected to drop 7% from 2019 to $1,387 in 2020, according to Deloitte’s annual holiday retail survey, which polled 4,000 US consumers in September.
26 October 2020
Macy's names BCG partner Adrian Mitchell as new CFO
Macy’s Inc. has appointed Adrian Mitchell, a partner at strategy firm Boston Consulting Group (BCG), as its chief financial officer, effective November 2.
23 October 2020
Holiday shoppers expecting deeper discounts on Black Friday
US consumers are expecting higher discounts than usual on Black Friday and Cyber Monday, according to a recent report from strategy and marketing consultancy Simon-Kucher & Partners.
19 October 2020
Deloitte: Holiday spending to increase by modest 1% to 1.5%
As the pandemic continues to depress consumer sentiment, holiday spending is expect to increase by a modest 1% to 1.5%, according to Deloitte’s annual holiday retail forecast.
22 September 2020
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
A new global consumer is emerging, finds KPMG research
The post-Covid-19 consumer is financially cautious, tech savvy and more conscious about consumption patterns, according to KPMG. These trends might well be here to stay across the world.
03 August 2020
Consumers are spending less, going mobile and embracing wellbeing
PwC reports that lower spending is a product of the current economic uncertainty, while other trends in consumer behaviour – such as a transition to online – might be here to stay for the long term.
16 July 2020
How retail and consumer goods companies can save costs
Facing growing online competition and with margins under pressure, many retail and consumer goods companies are seeking way to cut their costs.
11 June 2020
M&A activity in consumer and retail sector plunges
Global merger & acquisition activity in the consumer and retail sector collapsed by over a third last year, according to a new report by Kearney, in what is the largest decrease since the 70% crash i
25 May 2020
Bain partner Paul Cichocki joins BJ's Wholesale Club as EVP
Paul Cichocki has joined retailer BJ’s Wholesale Club as executive vice president of membership, analytics, and business transformation.
08 May 2020
IBM: Covid-19 greatly altering consumer preferences and behavior
US consumers are shifting their personal behavior and preferences as a result of the severe impacts of the Covid-19 pandemic, according to a recent survey from IBM.
06 May 2020
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