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7 ways Black Friday shopping changed this year due to the pandemic, from sales starting online in October to empty stores

AP The coronavirus pandemic made Black Friday completely different this year. More sales were online and spread across the entire month. Photos showed stores were far emptier than last year. Visit Business Insider's homepage for more stories. Black Friday looked different this year, and some are theorizing that it will never look the same again.The entire holiday shopping season was upended by the coronavirus pandemic, with sales that started earlier and were mostly online. Retail trade g...
Tags: Amazon, Cdc, New York City, Trends, Walmart, Baylor University, Dick, Gamestop, Emarketer, Macy, National Retail Federation, Elaine Thompson, Boston Consulting Group, Sporting Goods, Harvard School of Public Health, Ben Gilbert


Black Friday is both nonexistent and dragging on forever in this endless year from hell

Business Insider Macy's in New York City on Black Friday 2020. Jeenah Moon/Getty Images Black Friday's power has been diminishing for years.  Deals started earlier than every before this year, and will continue longer than in years past. In-store shopping has shrunk in the midst of a global pandemic.  In 2020, the passage of time is meaningless and confounding. So, it makes sense that this year would put the nail in the coffin on the idea of Black Friday as a singular day of ...
Tags: Amazon, Adobe, New York City, Trends, Walmart, Starbucks, Business Insider, Josh Elman, Dunkin, Boston Consulting Group, Newport Centre, Kate Taylor, Pumpkin Spice, Adobe Analytics, Adobe Digital Insights, Nasdaq Advisory Services


BCG Targets Travel for Intensive CO2 Reduction

Global management consultancy Boston Consulting Group has pledged to cut its business travel-related carbon emissions at least 30 percent per full-time employee by the year 2025 from 2018 levels. The target is part of a commitment BCG announced in September 2020 to reach net-zero climate impact for the business by 2030 through carbon-reduction initiatives while investing in carbon-removal projects for the footprint that remains.
Tags: Travel, Boston Consulting Group, BCG


As the pandemic shatters Americans' mental health, the FDA, psychiatrists, and developers are betting on smartphone apps to treat them directly

A woman seen walking past a charity's shopfront in Stoke-on-Trent, England, on October 28, 2020. Nathan Stirk/Getty Images The COVID-19 pandemic has exacerbated the US mental-health crisis, with apps like Calm and Headspace booming as people try to cope. Now, a new cohort of apps are working to directly treat mental illness, rather than just help people get by. Three such companies told Business Insider their programs can drive similar results as medication, and said they believe in-pe...
Tags: Apple, Google, Facebook, Washington Post, US, Trends, Mental Health, Depression, Healthcare, News UK, Cambridge, Food And Drug Administration, Fda, Haim, Apple Store, Digital Health


Management consulting salaries revealed: How much top firms like McKinsey and PwC pay everyone from interns to C-suite execs

Boston Consulting Group office in Hudson Yards, New York. Sarah Jacobs/Business Insider Management consulting is a highly competitive industry — with highly competitive pay. The consulting industry has taken a hit since the start of the coronavirus pandemic. Over the last several months, firms had to halt business travel, adopt remote work tools, and adjust to the new normal while simultaneously serving corporate clients. But many are still hiring for 6-figure jobs. Nearly all of the consul...
Tags: Finance, Careers, Trends, Pwc, Consulting, Deloitte, Kpmg, Ey, Teaser, Bain, Mckinsey & Company, Mckinsey, Boston Consulting Group, Bain BCG, US Office of Foreign Labor Certification, Subscriber Collection


Startup fundraising is the most tangible gender gap. How can we overcome it?

Ximena Aleman Contributor Share on Twitter Ximena Aleman is co-founder and chief business development officer at Prometeo, an open banking platform that serves Latin America. More posts by this contributor Fintech regulations in Latin America could fuel growth or freeze out startups Year-in, year-out, the gender gap in venture capital investment continues to be a problem women founders face. While the...
Tags: Tech, Fintech, Latin America, Harvard Business Review, Boston Consulting Group, Women Tech Founders, Ximena Aleman


4 steps diversity and inclusion consultants recommend for hiring more Black and brown employees — and keeping them long term

Getting people from marginalized backgrounds in the door at your company is just the start of an effective diversity, equity, and inclusion plan. Shannon Stapleton/Reuters American business leaders are promising changes to address racism in the US, including plans to diversify their workforces.  But these plans will fall short if companies don't make Black and brown employees feel valued, multiple diversity, equity, and inclusion (DEI) experts told Business Insider.  Successful DEI plans a...
Tags: Google, Buzzfeed, US, America, Trends, Equity, Black, Mastercard, Trump, Mckinsey, Jpmorgan, Tucker, Boston Scientific, Boston Consulting Group, Shannon Stapleton Reuters, Quintanilla


#609 Has Big Tech Lost Its Way?

On this episode of The Small Business Radio Show… Listen to “#609 Has Big Tech Lost Its Way?” on Spreaker.         SEGMENT 1 with Maëlle Gavet, starting at 0:00: While there are a lot of amazing things that Big Tech has brought to the world, there are also a lot of things that are questionable, especially in terms of how they’ve improve humanity. We discuss the good, the bad, and the ugly of big tech, and if there is a solution to be found. SEGMENT 2 with Mark and Katrina Parris, starting at 18...
Tags: Small Business, Makers, Russia, Sales, Communication, Customer Service, Retail, Time Magazine, Nigel, Black Lives Matter, Lucas, Harlem, Radio Show, Maelle Gavet, Ozon, World Economic Forum


Stotles secures funding for platform which brings transparency to government tenders, contracts

The public sector usually publishes its business opportunities in the form of ‘tenders,’ to increase transparency to the public. However, this data is scattered, and larger businesses have access to more information, giving them opportunities to grab contracts before official tenders are released. We have seen the controversy around UK government contracts going to a number of private consultants who have questionable prior experience in the issues they are winning contracts on. And public-to-pr...
Tags: TC, Europe, UK, Microsoft, Articles, Tech, Ceo, Artificial Intelligence, United Kingdom, Computing, European Commission, Rackspace, Coo, Founder, Gocardless, Go


Trump's campaign nearly went broke for the 2020 homestretch, insiders say

Hello everyone! Welcome to this weekly roundup of Business Insider stories from co-Editor in Chief Matt Turner. Subscribe here to get this newsletter in your inbox every Sunday.Read on for the inside story on the Trump campaign's finances, Anand Giridharadas lambasting corporate board members, and a new threat to the management consulting industry. US President Donald Trump looks on as he departs a rally at Toledo Express Airport in Swanton, Ohio on September 21, 2020. MANDEL NGAN/AFP via Ge...
Tags: Amazon, Politics, New York, Instagram, New York City, US, Trends, Gop, Bill Gates, Citigroup, Republican, Giuliani, Donald Trump, Goldman, Coinbase, Expedia


Here's what 9 top CEOs have to say about systemic racism and inequality in America

General Motors CEO Mary Barra called for more investment in childcare and educational institutions that serve people of color and those from marginalized backgrounds. Chip Somodevilla/Getty Images JPMorgan's Jamie Dimon, Walmart's Dough McMillon, and other members of the Business Roundtable (an association of some 200 CEOs from many of America's largest companies), released a statement addressing racial inequity in America.  In the statement, some 16 CEOs spoke out about ineq...
Tags: US, America, Trends, General Motors, Walmart, Bank Of America, Intel, Mary Barra, Marriott, Jamie Dimon, Black, HBCUs, Sas, Jpmorgan, Arne Sorenson, Brian Moynihan


PRESENTING: The post-pandemic future for major consultancies like PwC, Boston Consulting Group, and KPMG, and how they're adapting to the new normal.

The coronavirus pandemic has taken a heavy toll on the management-consulting industry. Samantha Lee/Business Insider The coronavirus pandemic has taken a heavy toll on the management-consulting industry.The market for consultants has declined this year to an estimated $132 billion from $160 billion because of decreased client demand, according to research platform Statista. The crisis put a strain on corporate budgets, forcing some to cancel or pause projects with major clients. Giant advis...
Tags: Trends, Kpmg, Business Insider, Boston Consulting Group, Ernst Young, Samantha Lee, Weng Cheong, PwC KPMG, PwC Boston Consulting Group


1 million married women lost their jobs last month due to back-to-school season. It's the latest example of women shouldering the burden at home.

Simon Ritzmann/Getty Images Married women lost 1 million jobs in September alone, while single men and women gained jobs. The dip in married women in the workforce, economists say, could be due to the difficulty of childcare amid the back-to-school season. Women shoulder most of the burden at home, according to studies from Boston Consulting Group and Northwestern University. At some point, women then have to choose between performing well at work and at home, explaining the dip in employ...
Tags: Trends, Harvard University, New York Times, Times, University Of Michigan, Northwestern University, Boston Consulting Group, BCG, US Bureau of Labor Statistics, Claudia Goldin, Betsey Stevenson, Michael Madowitz, Taylor Borden, Simon Ritzmann Getty, Center for American Progress Women, August Madowitz


1 million married women lost their jobs last month due to back-to-school season — and economists fear it could lead to 'a lost generation of mothers'

Simon Ritzmann/Getty Images Married women lost 1 million jobs in September alone, while single men and women gained jobs. The dip in married women in the workforce, economists say, could be due to the difficulty of childcare amid the back-to-school season. Women shoulder most of the burden at home, according to studies from Boston Consulting Group and Northwestern University. At some point, women then have to choose between performing well at work and at home, explaining the dip in employ...
Tags: Trends, Harvard University, New York Times, Times, University Of Michigan, Northwestern University, Boston Consulting Group, BCG, US Bureau of Labor Statistics, Claudia Goldin, Betsey Stevenson, Michael Madowitz, Taylor Borden, Simon Ritzmann Getty, Center for American Progress Women, August Madowitz


Adding Claire Díaz-Ortiz to its partnership, Magma Partners launches initiative to invest in female founders in LatAm

Claire Díaz-Ortiz has been many things over the course of her career — an angel investor, an early Twitter employee (who notably got the Pope on Twitter), the founder of a nonprofit, a published author and an entrepreneur. Now, the globe-trotting, multi-hyphenate polymath is adding “partner” to her list of titles as she joins the Latin American investment firm Magma Partners to head up its investment activities across South America’s southern cone and launch a new firm-wide initiative to inve...
Tags: TC, Europe, Usa, Tech, Venture Capital, South America, Central America, Latin America, Nubank, First Round Capital, Claire Diaz Ortiz, Jane, Boston Consulting Group, Bannon, Magma, Personnel


Gucci just partnered with The RealReal, joining a growing number of legacy luxury brands on the platform. It shows how the appetite for high-end clothes will never die, just evolve.

Gucci is the latest luxury brand to enter the secondhand market. The Real Real On October 5, Gucci and luxury resale platform The RealReal announced a partnership that will see the luxury brand's goods become available second-hand on the platform. Gucci becomes the latest luxury brand, after Burberry and Stella McCartney, to partner with The RealReal, proving that the relationship between luxury’s second-hand and primary markets continues to grow. The partnership shows how luxury is retain...
Tags: Trends, Burberry, Stella Mccartney, Gucci, Louis Vuitton, Deeley, Boston Consulting Group, Cartier, Business of Fashion, Julie Wainwright, Madeline Stone, Dominic Madori Davis, GlobalData Retail Gucci, Fendi Prada, Real Real Gucci, Rachel Deeley


The 50 most attractive employers for engineering and IT students around the world

A man walks past a logo of Google in Zurich. Reuters Employer branding company Universum just released this year's World's Most Attractive Employers. In this annual ranking, Universum surveyed students from the 12 biggest economies to find out what kind of employers they would like to work for upon graduation. Universum notes although traditional tech companies ranked at the top for engineering and IT students, these students are in-demand across industries as companies become more innovat...
Tags: Google, Amazon, Facebook, New York, Education, California, Samsung, Careers, Trends, Strategy, General Motors, ExxonMobil, Barcelona, It, EA, Features


The 50 most attractive employers for business students around the world

Google CEO Sundar Pichai speaks during a developers conference. REUTERS/Stephen Lam Employer branding company Universum just released this year's World's Most Attractive Employers. For the 12th annual ranking, Universum surveyed students from the 12 biggest economies to find out what kind of employers they would like to work for upon graduation. Find out which employers business students across the globe aspire to work for.  Visit Business Insider's homepage for more stories. Business stud...
Tags: Google, Business, New York, London, Education, Samsung, Careers, Trends, Strategy, Nike, Bank Of America, Canary Wharf, Features, Frankfurt, Barclays, Hsbc


A leading Silicon Valley exec says Big Tech prioritized lower costs over employees' wellbeing, and it's created a feudalist system where workers are left to fend for themselves

Sean Gallup/Getty Images Maëlle Gavet is a leading Silicon Valley executive, entrepreneur, investor, and most recently, the chief operating officer at real estate platform Compass. The following is an excerpt from her first book, "Trampled by Unicorns: Big Tech's Empathy Problem and How to Fix It." In it, she examines how Big Tech's failure to empathize with customers and workers has led to "digital era's equivalent of feudalism." In her in-depth critique of the world's largest tech corpo...
Tags: Google, Amazon, Facebook, Lyft, Uber, Europe, New York, Buzzfeed, Russia, India, New York City, US, Trends, Strategy, Tech, Chicago


Brand Moves for Friday September 25

In early March we began reporting daily on how brands were dealing with Covid-19. But it’s become clear that the current climate is one of near-perpetual disruption, so we decided to keep on telling the stories of inspiring brand leadership and strategy amid the latest crises in an anxious world. Our goal is to provide an up-to-the-minute source of information, inspiration and insight on brand moves as they happen. Chinese consumers are finally starting to spend again after the pandemic-induced...
Tags: Google, Facebook, Twitter, Instagram, China, Advertising, Netflix, Shanghai, Square, Silicon Valley, Nielsen, Jack Dorsey, Sundar Pichai, Pichai, Dorsey, Mainland China


World Tourism Day: How digital skills can support recovery

After months of isolation while living in quarantine, travel is the leisure activity that I miss the most. And I'm not alone. Our research, conducted with the Boston Consulting Group, shows that 31 percent of people hope to plan leisure travel once they feel safe enough to do so.
Tags: Travel, Boston Consulting Group


World Tourism Day: How digital skills can support recovery

After months of isolation while living in quarantine, travel is the leisure activity that I miss the most. And I’m not alone. Our research, conducted with the Boston Consulting Group, shows that 31 percent of people hope to plan leisure travel once they feel safe enough to do so. World Tourism day is coming up on September 27, and Search trends show that people have the travel bug: In June, the top three travel-related Search queries were: “When can we travel again?” “When will international tra...
Tags: Google, Europe, Greece, France, Nigeria, Africa, Spain, Search, Middle East, Un, Boston Consulting Group, South Africa Kenya, Atout France, Traveltech, Google in Europe, Google in Africa


Austin-based EmPath’s employee training and re-skilling service snags seed funding from B Capital

By the time Felix Ortiz III left the Army in 2006, the Brooklyn, NY native had spent time taking classes at the City University of New York and St. John’s. Those experiences led him to found ViridisLearning, which aimed to give universities a better way to track student development to help graduates land jobs. Now he’s taken the learnings of that attempt to reshape education into the corporate world and raised over $1 million in financing from investors including B Capital, the investment firm l...
Tags: TC, Facebook, Business, New York, Entrepreneurship, White House, Articles, Startup, Chief executive officer, Tech, Economy, Brooklyn, Commerce, AT&T, Army, Machine Learning


Cosmose, a platform that analyzes foot traffic in physical stores, gets $15 million Series A

Cosmose, a platform that tracks foot traffic in brick-and-mortar stores to help companies predict customer behavior, announced today it has raised a $15 million Series A. The round was by Tiga Investments, with participation from returning investors OTB Ventures and TDJ Pitango, who co-led Cosmose’s seed round last year. The company said its valuation is now more than $100 million. The Series A will be used for product development and geographic expansion, starting with Southeast Asian markets t...
Tags: Fundings & Exits, Startups, TC, Asia, Hong Kong, Europe, Japan, China, Tech, Middle East, Poland, Lvmh, Warsaw, Adtech, Targeted Advertising, Brick-and-mortar


The Top Funded Women Founders in Every State

The top women entrepreneurs and female founders in the U.S. are doing well, but there is a considerable gap from top to bottom. But there is an even bigger gap between what male and female founders receive in funding. According to PitchBook, in 2019 only 2.8% of the companies founded solely by women secured the total capital invested in venture-backed startups in the US. It goes up by almost 10% (12.4%) when it is co-founded by female and male entrepreneurs. As bleak as this might seem, this ha...
Tags: Hbo, UK, Australia, California, Washington, China, Ipo, Singapore, US, LSU, Sales, Startup, CMO, Mit, Harvard University, Alaska


Donald Trump is losing his tech war with China

President Donald Trump with Chinese Vice Premier Liu He after signing "phase one" of the US-China trade agreement at the White House, January 15, 2020. Reuters The Trump administration has tried to mount a full-court press on China, ramping up its anti-China rhetoric and increasing their military, economic, and diplomatic pressure on Beijing.But the US is losing to China in two important areas — economics and technology — and it's a change that has been a long time coming, writes author and...
Tags: Apple, Google, Amazon, Hong Kong, Japan, Sweden, Microsoft, Washington, White House, China, US, Samsung, America, Trends, Analysis, Fbi


Eduardo Saverin on the ‘world of innovation past Silicon Valley’

Eduardo Saverin will forever be known for cofounding Facebook 16 years ago with four other Harvard classmates (one of whom is still running the company). But even before splitting in 2009 for Singapore with his shares of the company, Saverin’s attention was on startup investing, and since 2015, he has been laser focused on B Capital, the five-year-old venture firm that he set up with another friend, Raj Ganguly, a former consultant and vice president at Bain Capital. There’s a bit to manage. The...
Tags: Google, TC, Facebook, Asia, Europe, Florida, Indonesia, Boston, Southeast Asia, Singapore, India, Tech, Harvard, Mexico City, Brazil, Bird


Boston Consulting Group hires ex-PepsiCo Exec Brad Jakeman as it bolsters CMO outreach

Jakeman, who left the food and beverage giant in 2017, comes aboard as a senior adviser.
Tags: Advertising, Pepsico, Boston Consulting Group, Brad Jakeman, Jakeman


These are the 10 most discussed tech topics during COVID-19

COVID is changing the world and our technology conversations are changing with it.As part of work identifying promising technology use cases to combat COVID, The Boston Consulting Group recently used contextual AI to analyze more than 150 million English language media articles from 30 countries published between December 2019 to May 2020. While the research reflects media coverage and not technology development, the analysis still reveals a range of shifting interests. These shifts can give a s...
Tags: Technology, Future, US, European Union, Data, Drones, Innovation, World Health Organization, India China, Boston Consulting Group, Coronavirus


Endpoint offers the industry a great start to mobile e-closings

The result of a chinwag between First American and Boston Consulting Group's Digital Ventures, the app keeps every party in check with the closing process in a hybrid tech-team solution. It offers terrific promise for the future of e-closings.
Tags: Apps, Technology, Opinion, Radio, Boston Consulting Group, Select, PROPtech, First American, Endpoint, Tech Reviews, Boston Consulting Group s Digital Ventures, Digital Transactions, Real Estate Technology Reviews, Online Closings, E-closing, Hybrid Closings