AlixPartners, the global consulting firm, today announced that Lisa Hu has joined the firm as Partner & Managing Director and will lead the Consumer and Retail Practice in Greater China.
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Retail
AlixPartners, the global consulting firm, announced today that Esther Liesenberg joins as Partner & Managing Director in the Retail & Consumer practice, based in Düsseldorf.
Consulting firm AlixPartners is projecting a 3% to 6% increase in sales this holiday season, down from last year’s 6.6% growth.
Bain & Company forecasts nominal US retail sales to slow this holiday season, with the lowest growth rate since 2018. Unadjusted seasonal sales are expected to grow 3.0% year-over-year (YoY) in November and December, reaching nearly $915 billion, with 90% of the growth coming from nonstore (e-commerce and mail-order) sales.
The luxury goods market – think watches, jewelry, and high fashion brands – is growing at a remarkable rate, with the global market expected to reach up to €570 billion by 2030, which is double its worth in 2020.
AlixPartners, the global consulting firm, today announced that Olivier Abtan has joined as a Partner & Managing Director in its Digital Practice. Olivier brings 25 years of global experience in Consumer Products delivering services in business and digital transformation. He will be based in Paris.
After spending over three decades with Grant Thornton, Mark O’Hare has retired from the firm’s partnership and taken on a non-executive board role at ASX listed Super Retail Group.
AlixPartners, the global consulting firm, today announced that Justin MacFarlane has rejoined the firm, as a Partner and Managing Director in its global retail practice. He will work from AlixPartners’ New York office.
In 2023, retailers are facing challenges on multiple fronts. Consumers are increasingly fragmented by generation, spending power, life stage, and attitude, and the impact of inflation and other economic pressures have increased the importance of value.
AlixPartners, the global consulting firm, today announced that Nordal Cavadini has joined as a Partner & Managing Director in the firm’s Retail and Consumer practice, based in the Zurich office. Nordal brings to AlixPartners extensive operational consulting experience, supporting companies in comprehensive transformations.
As the world’s supply chains come under historic strain – following years of disruption from the pandemic and geopolitical changes – a new report has evaluated the impacts this is having on the retail sector. The study notes that supply chain leaders are most worried about inflation, the vulnerability of global logistics chains, and the growing need to enhance sustainability.
The US and Europe are still leading while new luxury markets are emerging. In 2022, the luxury market generated positive growth for 95% of brands.
The global luxury market is projected to grow by 21% in 2022, reaching €1.4 trillion; the personal luxury goods market is expected to show accelerated growth of 22% to €353 billion
The personal luxury market is projected to see further growth of at least 3-8% next year, even given a downturn in global economic conditions, and to 2030, by when the market value is expected to climb to around €540-580 billion, a rise of 60% or more compared to 2022
Generational trends are a powerful driver, with ‘Gen Y’ and ‘Gen Z’ continue leading the growth this year, and spending by Gen Z and ‘Gen Alpha’ set to grow some three times faster than for other generations until 2030, by when they will make up a third of the market
Six months after joining Grant Thornton, Matt Darby has been promoted to industry leader of the firm’s Retail & Consumer Products practice.
At a time of rising inflation, online retail sales fell -12% Year-on-Year (YoY) in April. That is according to the latest IMRG Capgemini Online Retail Index, which tracks the online sales performance of over 200 retailers.
AlixPartners, the global consulting firm, today announced that Olga Gareeva has joined as a Managing Director in the firm’s Digital practice, based in Dallas.
Thomas-Hendrickson Inc. (THinc Partners), a leading management consulting firm specializing in automated retail, today announced the addition of Tim Hale as senior strategic advisor. Hale’s extensive industry experience in brick-and-mortar retail, automated retail, and corporate executive team leadership further strengthens THinc Partners collective skill set.
Bain and Company and the Italian trade association Fondazione Altagamma are out with their 2021 study of the global luxury market.
Nordstrom has tapped the consulting group AlixPartners to help it review a potential spinoff of its off-price Nordstrom Rack business, according to a report from Bloomberg.
Global real estate consultancy Knight Frank has launched its retail property consultancy team in Saudi Arabia, bringing Pedro Ribeiro on board as a partner to lead the new offering.