article thumbnail

How Retail Design Insights Will Inspire Workplace Design

All Work

Workplace design can learn a lot from other industries, such as retail. Workplace designers can look to inspiration from the retail design sector to support reinventing the office hub for community, learning and culture. An ideal workplace has much in common with the experiential retail environment. Offer A Unique Experience.

Retail 245
article thumbnail

How to Improve Employee Engagement in Retail: Importance, Ideas & Solutions

Vantage Circle

A McKinsey study discovered that the turnover rate in the retail industry is 70% higher than in other industries. This alarming figure raises questions about the working conditions in retail sectors. Are retail employees truly motivated and committed to their workplace? Has this always been the case in the retail industry?

Retail 103
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Harnessing analytics and AI to shape the future of mobility retail

McKensey

To prepare for a world of lower fuel sales, forecourt retailers can harness advanced analytics and AI to increase revenues from electric vehicle charging and convenience.

Retail 135
article thumbnail

Reskilling: What is it and why is it important?

Insperity

For example, a retailer might reskill its in-store salespeople to work as remote customer service agents to support a change in focus from brick-and-mortar to e-commerce sales. A subset of reskilling, called upskilling , can help prepare your people for major changes in their current roles.

Payroll 328
article thumbnail

What the real estate industry needs to know about experiential retail

McKensey

McKinsey senior partner Colleen Baum explains how real estate owners benefit from helping experiential retailers flourish.

article thumbnail

From blueprint to breakthrough: How AI and automation can transform the consumer enterprise

McKensey

Let’s say a retail merchandiser starts the process of analyzing scores of sales data and making recommendations for stock adjustments. In fact, consumer-packaged-goods (CPG) and retail companies that lead in digital and AI are already showing three times greater total shareholder returns compared with their peers in the sector.

Retail 69
article thumbnail

U.S. Retail Layoffs Surge: Smart Career and Business Moves to Adapt

Success

retail companies implement widespread layoffs to reduce expenses, major players such as Starbucks , Kohls and Forever 21 are following suit. Layoff wave hits Kohls, Forever 21, Chevron and others Retail companies often lay off staff as a strategy to reduce costs and boost profitability. Over 15,000 U.S. revealed on Feb.

Retail 59