McKinsey quote of the day

“We’ve talked quite a bit about the art: good merchandising and good execution in stores. But there’s a science element to this as well, and what you really want to do is marry the two together. That means building a repository of data and processes, collected through interviews and things like that, so that we have a good idea of how goods flow through the retailer.”

McKinsey partner Bill Mutell on the common mistakes retailers make as they try to battle shrink in a recent episode of the McKinsey on Consumer and Retail podcast