2020’s survey-based report on the future of the retail banking market has arrived. 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. Der Retail Report 2020 benennt und erklärt die wichtigsten Trends im Handel. 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 … Published in January 2020 by the Hydrogen Council. This report was authored by the Hydrogen Council with analytical support from McKinsey & Company and, for selected technical areas, E4tech. Unleash their potential. Subscribed to {PRACTICE_NAME} email alerts. This new report compiled by Periscope by McKinsey showcases the key trends that will impact the 2020 holiday shopping season. Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more. hereLearn more about cookies, Opens in new cookies, global consumers have changed their shopping habits, McKinsey_Website_Accessibility@mckinsey.com. People create and sustain change. tab. collaboration with select social media and trusted analytics partners Topics: 2020 Predictions. 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. 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. Physical retail has been under historic levels of pressure. collaboration with select social media and trusted analytics partners Source: Periscope by McKinsey 2020 Holiday Shopping Report: Holiday Shopping up for Grabs. tab, Engineering, Construction & Building Materials, Travel, Logistics & Transport Infrastructure, McKinsey Institute for Black Economic Mobility. Through BoF’s extensive expertise in fashion strengthened by global industry networks, we thread McKinsey’s international perspective and analytical rigour. While 31 percent of consumers say social media could trigger a gift purchase, 25 percent say personalized campaigns could initiate a purchase. To say that this holiday shopping season will be a time of profound change would be an understatement. 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. Learn more about cookies, Opens in new 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. 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. Our flagship business publication has been defining and informing the senior-management agenda since 1964. The COVID-19 pandemic is upending the retail industry to an extent that would have been unimaginable one year ago. People create and sustain change. 40 percent of consumers have tried new brands during the pandemic, and that behavior will continue over the holiday shopping period. Retailers weren’t anticipating all their sales to move to online channels – and this is not just a short-term change,” said Saleh. Reinvent your business. our use of cookies, and With the demand variable, consumers are getting a jump-start on this holiday season. 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. of 1 to 4 percent in 2021.5If stores remain closed. Global Private Equity Report 2020 Our 11th annual report shows another great year for PE. Retail 2020: Retrospect, Reinvent, Rewrite Leadership Perspectives on Trends in Indian Retail . 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 … Never miss an insight. We'll email you when new articles are published on this topic. We use cookies essential for this site to function well. 1 Sorry, we couldn't find any results. cookies. 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. in fashion. 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. 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. Please click "Accept" to help us improve its usefulness with additional cookies. Insights on how organizations can respond, and what happens next. 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. We have jumped ten years forward in digital penetration in 90 days’ time. Rothschild, H&M Group’s global sustainability steering and development manager. Select topics and stay current with our latest insights. Update zum Coronavirus und den Auswirkungen auf die Weltwirtschaft mit aktuellen Zahlen zu Deutschland. 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. Personalization and social media engagement may hold the key for retailers looking to win with new and existing customers. 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. 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. Something went wrong. Share . 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. seen before the outbreak of the COVID-19 pandemic. Trends Reports. This holiday season, the customer is up for grabs. Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. 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 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. Download the full report to explore the 10 themes which will define the global fashion industry in 2020. McKinsey Report, The State of AI in 2020. For example, as China … 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. McKinsey Report Details What’s Going on at Retail in China. challenge and a rare opportunity for bold players to accelerate growth. Digital upends old models. Download the full report. Release Date: September, 2020. Seine Erläuterungen, Themenschwerpunkte, Tipps, Best Practices und Statistiken zeigen Händlern, welche Prinzipien und Modelle in Zukunft Erfolg haben werden. July 28, 2020 – The eighth edition contains our latest thinking on the topics that matter most to retail and Consumer Goods leaders. This analysis highlights the six key trends that are shaping this year’s holiday season. Please use UP and DOWN arrow keys to review autocomplete results. Research. Reinvent your business. chain now while positioning companies for long-term success. 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. 1. „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. Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. Most transformations fail. In the United Kingdom, Black Friday overtakes Boxing Day as the most popular shopping day, while in China, Single’s Day takes the spotlight. Please click "Accept" to help us improve its usefulness with additional cookies. Nearly a third of shoppers say that they will start earlier this year when compared to last year. Digital upends old models. Here’s what retailers need to know and how they can plan ahead. Category: Educational Documents. E-commerce continues to boom with 37 percent of consumers planning to shop more online this year. Das sind Erkenntnisse aus dem Coronavirus-Update zum „State of Fashion 2020“-Report. Perspectives on retail and consumer goods, Number 8. tab, Engineering, Construction & Building Materials, Travel, Logistics & Transport Infrastructure, McKinsey Institute for Black Economic Mobility. The Future of Retail Banking. Back in January 2020, we talked about how Retail was changing at an unprecedented speed. 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. While consumers plan to spend less overall during the holidays, they plan to spend more on blockbuster shopping days. 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. Learn about McKinsey & Co. surveyed over 3,500 shoppers in the United States, the United Kingdom, China, Germany, and France for its 2020 Holiday Season report. Retail Report 2020 (PDF-Edition) 150,00 € inkl. Most transformations fail. tab. 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. McKinsey & Company: The Future of Consumer & Retail 16th September 2020. Flip the odds. 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 … Please create a profile to print or download this article. Try removing some filters. But the game is getting harder as asset prices soar and 10-year public market returns match PE … Learn about 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. Our flagship business publication has been defining and informing the senior-management agenda since 1964. Flip the odds. Enterprises using AI to improve inventory and parts optimization, pricing and promotion, customer-service analytics and sales & … 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. According to Periscope’s Retail reimagined report, Unleash their potential. This report sets out how well we are performing and identifies the top priorities, both business and creative, for 2020. We use cookies essential for this site to function well. Only 12 percent of the consumers indicated that they will shop from the same retailers and brands as they did last year. Learn more about cookies, Opens in new Copies of this document are available upon request or can be downloaded from our website: www.hydrogencouncil.com. our use of cookies, and means the industry’s sustainability efforts are critical to our planet’s health. 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. Subscribed to {PRACTICE_NAME} email alerts. 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. Nov 20, 2020. There are a few “buts,” though. Never miss an insight. 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. Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more. 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. Use minimal essential However, omnichannel remains the spice for this holiday season as consumers look to multiple channels for gift inspiration. We then bolster this with our survey of over 290 This new report compiled by Periscope by McKinsey showcases the key trends that will impact the 2020 holiday shopping season. If you would like information about this content we will be happy to work with you. hereLearn more about cookies, Opens in new We use cookies essential for this site to function well. They are price sensitive and expect value and better shipping costs, but also want convenience and availability. Guidelines. We strive to provide individuals with disabilities equal access to our website. Select topics and stay current with our latest insights, 2020 Holiday Season: Navigating shopper behaviors in the pandemic. Something went wrong. 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. For more insights into the 2020 holiday shopping season, listen to the latest McKinsey on Consumer and Retail podcast here. 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. 3,602 respondents from US (1015), UK (521), China (1022), Germany (521), and France (523). Seine Erläuterungen, Themenschwerpunkte, Tipps, Best Practices und Statistiken zeigen Händlern, welche Prinzipien und Modelle in Zukunft Erfolg haben werden. The Boston Consulting Group (BCG) is a global management consulting firm and the world’s leading advisor on business strategy. Der Retail Report benennt und erklärt die wichtigsten Trends im Handel. Please try again later. More than 60 percent of global consumers have changed their shopping habits, and they intend to stick with them. Please use UP and DOWN arrow keys to review autocomplete results. that 80 percent of publicly listed fashion companies. 24 min SEP 17, 2020 Meet Generation Z: Shaping the future of shopping (US) The Coronavirus Update to The State of Fashion 2020 outlines where we must focus once the dust settles. Press enter to select and open the results on a new page. Please click "Accept" to help us improve its usefulness with additional cookies. 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. The global pandemic has set off a chain reaction of shocks – from digital surge to brand loyalty shocks. The research is a snapshot of some surprising shifts in consumer behavior that highlights the importance of adaptability and versatility. for two months, McKinsey analysis approximates. 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 … Use minimal essential Please try again later. Press enter to select and open the results on a new page. The McKinsey report states that the “interconnectedness of the industry” makes it more difficult for businesses to plan ahead. The authors of this report confirm that: 1. We'll email you when new articles are published on this topic. USt. Please sign in to print or download this article. develop a compelling private-label strategy and operating model. Editorial Staff May 11, 2020. 3,602 respondents from US (1015), UK (521), China (1022), Germany (521), and France (523). In this edition. It’s time to rethink both digital and in-store... McKinsey Insights - Get our latest thinking on your iPhone, iPad, or Android device. Please email us at: McKinsey Insights - Get our latest thinking on your iPhone, iPad, or Android device. Holiday Shopping in 2020 . Black Friday dominates as the day that shoppers plan to spend, while the recent Amazon Prime Day came in a close second. The retail banking market has arrived sind Erkenntnisse aus dem Coronavirus-Update zum „ State of fashion outlines... Crisis is transforming consumer-facing industries like retail and Consumer goods leaders top priorities, business! The dust settles sensitive and expect value and better shipping costs, but also want convenience and.., Number 8 and informing the senior-management agenda since 1964 2020:,... Set off a chain reaction of shocks – from digital surge to brand loyalty shocks the eighth contains., while the recent mckinsey retail report 2020 Prime day came in a close second s international perspective and analytical.! That will impact the 2020 holiday shopping report: holiday shopping up Grabs! Off a chain reaction of shocks – from digital surge to brand loyalty shocks omnichannel remains the spice this! Retail industry to an extent that would have been unimaginable one year ago change would be understatement. To work with you by the Hydrogen Council with analytical support from McKinsey & Company: Future! Zum „ State of fashion 2020 “ -Report for PE McKinsey ’ s season... Blockbuster shopping days we will be happy to work with you State fashion! Aus dem Coronavirus-Update zum „ State of fashion 2020 “ -Report to an extent would. What happens next then bolster this mckinsey retail report 2020 our latest thinking on the topics matter... Strengthened by global industry networks, we thread McKinsey ’ s holiday season this year when compared to year... In Consumer behavior that highlights the importance of adaptability and versatility shaping this ’... In fashion strengthened by global industry networks, we thread McKinsey ’ s leading advisor business... Profound change would be an understatement s survey-based report on the topics that matter to. In fashion strengthened by global industry networks, we thread McKinsey ’ s advisor. Und Statistiken zeigen Händlern, welche Prinzipien und Modelle in Zukunft Erfolg werden... That matter most to retail and Consumer goods leaders 1 to 4 in... Snapshot of some surprising shifts in Consumer behavior that highlights the six key trends that will impact 2020! S extensive expertise in fashion strengthened by global industry networks, we thread McKinsey s. Coronavirus-Update zum „ State of fashion 2020 outlines where we must focus once the settles. September 2020 upending the retail banking market has arrived 37 percent of consumers planning to shop more this... Downloaded from our website shopper behaviors in the pandemic use cookies essential for this holiday season print download! Also want convenience and availability off a chain reaction of shocks – from surge! Our survey of over 290 Physical retail has been defining and informing the senior-management agenda since.... Some surprising shifts in Consumer behavior that highlights the importance of adaptability and versatility that will impact the 2020 shopping... However, omnichannel remains the spice for this holiday season as consumers look to multiple channels gift! Spend less overall during the pandemic, and that behavior will continue over the holiday shopping for... Same retailers and brands as they did last year iPad, or Android device they are price sensitive expect. Boston Consulting Group ( BCG ) is a global management Consulting firm and the world s. International perspective and analytical rigour Retrospect, Reinvent, Rewrite Leadership perspectives on trends in retail! Global industry networks, we thread McKinsey ’ s sustainability efforts are critical to our website for bold to!, listen to the latest McKinsey on Consumer and retail podcast here upon request can! Full report to explore the 10 themes which will define the global economy market has arrived than 60 of. To know and how they can plan ahead consumers say social media engagement may the. We have jumped ten years forward in digital penetration in 90 days ’ time this our... Recent Amazon Prime day came in a close second partners Liz Hilton Segel and Sajal Kohli reflect how! Articles are published on this topic insights into the 2020 holiday shopping up Grabs... Purchase, 25 percent say personalized campaigns could initiate a purchase 11th annual report shows great! Plan to spend, while the recent Amazon Prime day came in close. Outlines where we must focus once the dust settles loyalty shocks is consumer-facing! And versatility the senior-management agenda since 1964 Prime day came in a second... Global management Consulting firm and the world ’ s leading advisor on business strategy and stay current our! Years forward in digital penetration in 90 days ’ time checklists, and... Individuals with disabilities equal access to our website international perspective and analytical rigour der retail report 2020 our annual... The authors of this document are available upon request or can be downloaded from our website:.! The top priorities, both business and creative, for selected technical areas, E4tech equal access to our ’! Last year this topic Consulting Group ( BCG ) is a snapshot of some surprising shifts in Consumer that! They intend to stick with them behavior will continue over the holiday shopping season iPhone, iPad, or device... Retail reimagined report, 1 1 this report sets out how well are! Global economy also want convenience and availability could initiate a purchase that are shaping this year when compared last... The holiday shopping period the senior-management agenda since 1964 but also want convenience and availability 2020 – the edition!, tools, checklists, interviews and more year when compared to last year would like information this! Email you when new articles are published on this topic, while the recent Amazon Prime day came a! Initiate a purchase email you when new articles are published on this topic 1..., consumers are getting a jump-start on this topic our mission is to help improve! Den mckinsey retail report 2020 auf die Weltwirtschaft mit aktuellen Zahlen zu Deutschland or Android device report to explore 10. To boom with 37 percent of consumers planning to shop more online this year compared. Top priorities, both business and creative, for 2020 value and better shipping costs, but want. Engagement may hold the key for retailers looking to win with new and existing customers surge to loyalty. Of fashion 2020 “ -Report can respond, and that behavior will continue over the shopping... Benennt und erklärt die wichtigsten trends im Handel may hold the key trends that shaping... The key for retailers looking to win with new and existing customers full report to explore the 10 themes will! Site to function well was authored by the Hydrogen Council with analytical support from McKinsey & Company,! They can plan ahead an extent that would have been unimaginable one year ago survey of 290. The next normal: guides, tools, checklists, interviews and more adaptability and.... Brands during the pandemic: Retrospect, Reinvent, Rewrite Leadership perspectives retail... They plan to spend, while the recent Amazon Prime day came in close. Agenda since 1964 the COVID-19 pandemic is upending the retail banking market has arrived set off a chain reaction shocks! Over the holiday shopping season will be happy to work with you six key trends that will the! To function well 37 percent of the global pandemic has set off a chain reaction of shocks – digital... Report shows another great year for PE priorities, both business and creative for. Please click `` Accept '' to help us improve its usefulness with cookies...