McKinsey is in the retail game!? Well, yes and no. The McKinsey retail store opened this past September at the Mall of America in Minneapolis, MN. Chances are, however, that even if you’ve walked past the store, you may not have even realized McKinsey was behind it.
This retail concept is not a clever way for the consulting firm to diversify its business. Instead, the experimental store is built to support McKinsey’s consulting practice and will be used to test various hypotheses in the retail and technology sectors. A real-life R&D lab? We think that’s pretty innovative, as well as a clear sign that the firm is doubling down on its Retail practice.