Retail news in the USA

An overview of news, trends and research in the Retail industry in the USA:

US holiday retail sales growth to slow to 3% this year, says Bain report US retail sales growth is expected to slow to 3% this holiday season, according to Bain & Company’s annual US retail holiday forecast.
23 September 2024
EY-Parthenon head Jeff Wray joins FTI Delta as senior managing director Jeff Wray, the former global leader of EY-Parthenon, has joined FTI Consulting’s strategy arm FTI Delta as a senior managing director and leader of the new consumer & retail industry practice.
17 September 2024
Persistent stressors have created 'resigned' consumer Recurring stress from political and economic insecurity have created “resigned” consumers, according to Kearney’s most recent Consumer Stress Index.
29 July 2024
Grant Thornton names leaders for retail and manufacturing practices Grant Thornton US has appointed Lawrence Griff as head of the retail industry practice and Kelly Schindler as head of the manufacturing industry practice.
17 July 2024
AlixPartners forecasts quieter holiday retail season Consulting firm AlixPartners is projecting a 3% to 6% increase in sales this holiday season, down from last year’s 6.6% growth.
15 September 2023
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
Cognizant wins five-year IT services contract with Nike Cognizant, a global IT consulting firm, has won a five-year contract to help sportswear retailer Nike transform and support its technology operations.
28 April 2023
Chuck Stewart joins SGS Maine Pointe as managing director Chuck Stewart has joined SGS Maine Pointe, a supply chain and operations consulting firm, as a managing director in its consumer goods & retail (CG&R) practice.
09 February 2023
AlixPartners adds veteran retail consultant Justin MacFarlane AlixPartners has hired Justin MacFarlane as a partner and managing director in its global retail practice.
25 January 2023
More shoppers seeking Black Friday deals amid inflation More US consumers are planning to shop during the Black Friday and Cyber Monday shopping events (Thursday, Nov. 24 – Monday, Nov.
25 November 2022
Starbucks taps McKinsey alum Laxman Narasimhan as incoming CEO Starbucks has selected former McKinsey partner Laxman Narasimhan as its incoming CEO.
19 September 2022
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

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