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"Bain & Company has been working with clients in the Austin and San Antonio area for decades, and this move brings us closer to many of our enduring clients," said Peter Bowen, a partner at Bain & Company and head of the Austin office. "It will also facilitate collaboration with new clients—in industries such as technology, retail, consumer products and fintech—while creating further access to one of the country's fastest growing talent hubs."
Aldi, the discount grocer that has been on a growth tear across the United States with low prices on its own private-label brands, is also poised to gain. The company is hiring workers to staff stores and warehouses during the pandemic. Before the coronavirus outbreak, Aldi's growth was "fueled by a combination of very low price points and a growing consumer acceptance of private label," said Mikey Vu, partner at Bain & Company. "Recessions generally cause both an accelerated flight to value and an increase in private label penetration, which plays to [Aldi's] strengths."
Gwendolyn Lim, Partner with a management consulting firm Bain & Company in Singapore, discusses holiday shopping spree and how the variant of Covid, Omicron, could impact the outlook for retailers. She speaks with Kathleen Hays and Haidi Stroud-Watts on "Bloomberg Daybreak: Asia".
Bloomberg Daybreak Asia