Retail is transforming, and you need to act now

Think Tank: McKinsey & Company – Report summarized by : Bummary

Introduction

Data filed by US retailers in the past three years reveal a contradicting trend; on the one hand we have seen the number of store closures outpace store openings, and on the other US retail sales have recorded a 3.9 per cent increase to reach $3.53 trillion at the end of 2017. 

In this Bummary, we’ll touch upon the disruption and changing trends in the retail industry and help you identify the ideas, insights and strategies to build upon these changing dynamics and fix your organization for sustainable and long term growth.

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‘Bummary’ is a summarized version of a think tank report. Think tanks are the global intellectual powerhouses providing the ideas, insights and opinions on important topics like Digitization, Leadership, Geo-politics, Business Strategy, Customer Insights and Intelligence, Finance, Market, Macro outlook and 100+ other relevant topics of business, industry and the economy.

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