Responsible Retail: How Purpose Becomes Performance 786 Accenture jobs including salaries, ratings, and reviews, posted by Accenture employees. Respondents said they expect to do half of their holiday shopping this year in a store or mall; Fashion retailers with a rental service could make gains this holiday season. The two leading factors that respondents cited as affecting their holiday shopping spend are rising food bills (cited by 32 percent of respondents) and the desire to limit their credit card debt (31 percent). - Responsible for designing and delivering the strategy for priority initiatives including creating differentiated propositions, sales strategies, operating models, prioritised product roadmaps, pricing, licensing and business cases. Are you in retail or in brands – or both? In addition, consumers were significantly more likely to say that, after seeing an item in a store, they would purchase the item in the store rather than searching online for a better price and purchasing online. They also want to see the origin of materials and ingredients and offered the option of packaging-free products and deliveries. Responsible for driving efficiencies in Application Services as well as improving quality of delivery and operation. On average, men expect to spend approximately 15% more than women — $685 versus $588. Accenture PLC (ACN) Q1 2021 Earnings Call Transcript ... energy, high tech, including aerospace and defense, retail and industrial. Salaries posted anonymously by Accenture employees. Thanksgiving and Black Friday continue to lose stature.The number of respondents who said they’re less inclined to shop on Black Friday or Thanksgiving than they were a few years ago increased this year, from 50% to 55% for Black Friday and from 51% to 58% for Thanksgiving. Passionate about Retail Industry, leading IT innovation and driving IT efficiency. The Accenture Holiday Shopping survey offers insights into consumer buying patterns during the holiday time period, providing an indication of retail performance expectations both on the high street and online at a key time for the sector. Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Shoppers are becoming more health-conscious. 짤 2020 BridgeTower Media. A free inside look at Accenture salary trends based on 33904 salaries wages for 3886 jobs at Accenture. The study also found a growing trend of “responsible retail,” with shoppers more concerned about the environmental and social impact of their … They want clear labelling that products are made in sustainable or ethical ways, to be shown the origin of materials and ingredients and offered the option of packaging-free products and deliveries. The headquarters of Accenture are located in Dublin, Ireland since 2009 and getting a job in the company is considered a … But new research from Accenture found that customers young and old do … Further, half of the respondents said that, due to the negative environmental impact of fast-shipping options — which includes the use of planes rather than ground transportation, as well as the shipping of multiple items separately rather than together to expedite delivery — they would opt for delivery options with a lower environment impact, such as slower shipping or in-store pick-up. The study also found a growing trend of “responsible retail,” with shoppers more concerned about the environmental and social impact of their purchases. “We have entered the era of ‘responsible retail,’ where consumers are becoming more environmentally and socially conscious and will increasingly turn to brands that not only talk about responsibility but demonstrate it through their business practices,” Standish said. However, the percentage of those who anticipate spending less rose slightly compared to last year, from 11% to 15%. More than half (52%) of consumers think that a retailer’s responsibility for price-matching guarantees increases during the holidays. Consumers are now looking at the carbon footprint of the different delivery options retailers offer. Accenture currently ranks 279th on the latest Global Fortune 500 list, which lists the 500 largest companies by revenue. Leaders across all sectors of retail are thinking about ESG not as a problem to solve, but as the solution to cleaner, more efficient, less wasteful practices. This is especially pertinent for gifts of clothing, given the heightened risk of returns and the associated costs.”, Consumers are trading frills and next-day shipping for environmental responsibility. Use of this website is subject to its Terms of Use | Privacy Policy | Your California Privacy Rights/Privacy Policy | Do Not Sell My Info/Cookie Policy, Retail association encouraged by stimulus deal, November retail sales mark sixth month of YOY gains, The Gap inks license for home textiles collection, Comscore: Home furnishings online visitations up nearly 20% over Thanksgiving week, Riley Home launches new bedding and bath collection, Your California Privacy Rights/Privacy Policy. The survey also found consumers want clear labelling that identifies products made in sustainable or ethical ways. 54% said they would make use of recycling services to reduce waste if retailers offered them. Eaves, a 20-year veteran of Accenture, was group chief executive of Accenture’s Products organization, serving clients in the consumer goods, retail … The survey also identified how consumers are beginning to care more about our planet. For decades, retailers avoided investing in a purpose because they felt it wouldn't pay off. With creativity and ingenuity around the store footprint, retailers have an opportunity to leverage the surge in holiday foot traffic not only to increase holiday revenues but also to find those special customers who will be the loyal ones they depend on all year.”. Remodeling Retail for a Responsible and Resilient Future By WWD Studios on September 24, 2020 Jill Standish, senior managing director and head of Accenture’s global retail practice. Do you have a consumer-centric mindset? Responsible Retail. Half also said they would be willing to skip gift-wrapping to reduce waste. Chief reasons included avoiding the crowds, spending the holiday with family and being able to get equally good discounts on other days. Read more. - Appointed Global Sales Lead for ai.Retail - Accenture’s retail … DAVOS, Switzerland; Jan. 21, 2019 – Business leaders will need to implement responsible workforce data strategies if they are to build the employee trust that will help generate sustained revenue growth, according to a new report from Accenture (NYSE: ACN). Accenture is a management, consulting, IT and outsourcing company which helps clients in becoming high performance businesses and governments. Responsible for growing Accenture’s Retail Utilities business globally. Sign up to get exclusive industry information delivered directly to your inbox. Most US Shoppers Expect to Spend as Much or More This Holiday Season than Last Year, with Many Turning to Physical Stores for Inspiration, Accenture Survey Reveals Consumers are very aware of the rising trend in package theft, also known as “porch piracy.” Almost one-third (29%) said they use delivery tracking/notification apps deliveries and schedule deliveries for dates/times when someone is home, and 21% are moving entirely away from home delivery and picking up in-store instead. Consumers are now looking at the carbon footprint of the different delivery options retailers offer, and half said they would opt for delivery options with a lower environmental impact, such as slower shipping or in-store pick-up. The study also found a growing trend of “responsible retail,” with shoppers more concerned about the environmental and social impact of their purchases. The online survey of 1,500 U.S. consumers found that Americans expect to spend $637 on holiday shopping this year, on average, with approximately six in seven respondents planning to spend either the same (57 percent) or more (28 percent) than they did last year. Perhaps not surprising, 82 percent of respondents cited lower prices as the top factor that would tempt them to make an in-store purchase, followed by special offers/discounts (77 percent). Accenture’s pandemic-era activity hasn’t been all positive. “With consumers planning to do half of their holiday shopping in-store, retailers need to carefully plan their strategy for customer service, including labor, assortment and allocation of inventory. Nearly a quarter (24%) of all respondents — and one third (34%) of older Millennials — said they would be likely or extremely likely to rent clothes for holiday parties. “Responsible” shoppers believe retailers should address wider social issues through their business practices and working conditions, and 45% said they are more likely to do their holiday shopping with retailers that do. All rights reserved. On average, men expect to spend approximately 15 percent more than women — $685 versus $588. Gift cards and clothing/footwear topped the list of planned purchases. Most recently, Environmental, Social and Corporate Governance has been dubbed the “new management approach,” in a report from global consulting firm Accenture and the Responsible … New York – Accenture’s 13th annual holiday shopping survey finds consumers ready to spend – some of them conscientiously. In addition: “We have entered the era of ‘responsible retail,’ where consumers are becoming more environmentally and socially conscious and will increasingly turn to brands that not only talk about responsibility but demonstrate it through their business practices,” said Jill Standish, senior managing director and head of Accenture’s global Retail practice. There does appear to be a level of caution among consumers this year, however, as the percentage of those who anticipate spending less rose slightly year on year, from 11 percent to 15 percent. It currently employs more than … For an insight into some of the varying shopper expectations across 17 U.S. cities, click here. Posted by SGB Media | Oct 1, 2019 | Apparel, Footwear, SGB Updates, Update. They also want retailers to make a greater commitment over the holiday period to keep their personal data safe and secure when making online purchases. 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