BCG news and archive

Retailers not on track to meet sustainability targets

A new report states that the retail industry must “work harder and faster” to make a meaningful impact to deliver on climate change commitments. Research from Boston Consulting Group (BCG) in partnership with the World Retail Congress, found that less than 20 percent of major retailers are on track to hit the Paris Agreement climate targets. The...

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Business

How the luxury sector can prepare for the future

The luxury sector is not immune to Covid-19 and estimates of its impact could see global sales reduced by 35 percent. Multiple weeks of store closures, ongoing social distancing and frugal spending during the crisis is wreaking havoc on the world’s economy, including luxury companies. According to the Boson Consultancy Group (BCG), brands must...

Fashion

Fashion houses struggle to find talent

Fashion houses are struggling to find the talent to develop their brands according to new research by the Boston Consulting Group and Business of Fashion. Nearly 70 percent of luxury brands find it difficult to place creative directors, many citing inadequate talent pipelines. "One of the biggest challenges facing luxury and fashion companies...