In addition to providing overall perspectives on developments in the retail industry, McKinsey helps clients design corporate and business unit strategies, stage turnarounds, and develop competitive strategies. Much of our work is focused on helping retailers achieve growth both within and beyond their current formats and stores.

Growth through geographic expansion
For leading retailers, geographic expansion is a common avenue for growth. McKinsey leverages its own global reach and depth of expertise to help retail clients expand internationally and domestically, working with them to design and implement strategies to enter new markets, build scale, and specialize in ways that will outpace competitors.

Growth through existing format renewal
We help clients develop the big ideas and deliver them. Our work in concept renewal and category strategy is essential for retailers who are not content to rest on past successes. McKinsey helps top retailers in every format re-invent themselves to keep pace with shifting consumer trends and competitive dynamics. For more information, please refer to our Format Strategy & Renewal service line.

Growth through new format and businesses
To create value, retailers must not only enhance their core business performance, but also create options that will help them maintain a growth trajectory in the years to come. McKinsey helps retailers understand their growth imperative, develop and implement growth options both organically and through acquisition, and optimize the value of their portfolios of businesses and formats.