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Luxury retail is about ‘emotions, not transactions’

McKinsey Public & Social Sector Insights

The physical shopping experience matters more than ever, says Value Retail founder Scott Malkin, whose company owns some of the world’s best-performing luxury shopping destinations.

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Reimagine, reuse, recycle: How to reach sustainable packaging targets in retail

McKinsey Public & Social Sector Insights

Retailers face costly packaging supply constraints, making it harder to contend with consumer and regulatory pressure to be more sustainable. Four actions can help.

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US holiday shopping 2023: Consumer caution and retailer resilience

McKinsey Public & Social Sector Insights

The final stretch of an increasingly long holiday shopping season is critical for retailers, particularly as consumers focus on value and new shopping journeys.

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How to do a ‘retail reset’: Priorities for retail leaders

McKinsey Public & Social Sector Insights

Amid dramatic changes in the retail industry, the most successful companies will be those that undergo a full reset—by harnessing new technology, building ecosystems, engaging their workforce, and investing in private brands.

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Improving retail customer experience with virtual reality

Open Access Government - Technology News

In the fiercely competitive retail market, businesses face escalating customer demands. To thrive, organisations must leverage virtual reality technology Virtual reality (VR) is one of these technologies , and in recent years, it has penetrated deeply into the retail market. billion in 2022.

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The art and science of reducing retail shrink

McKinsey Public & Social Sector Insights

For retailers, battling shrink requires a data-informed, collaborative, store-by-store approach. The payoff: higher profits and better customer experience.

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Strategies to win in UK energy retail as the market reopens

McKinsey Public & Social Sector Insights

The static UK energy retail market is starting to move as wholesale energy prices fall. As a third of customers look to switch suppliers, here’s how energy retailers can plug into customer needs.

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