Deloitte | Global news | Retail

An overview of Deloitte global news in the Retail industry:

United States

North America | United States

More shoppers seeking Black Friday deals amid inflation More US consumers are planning to shop during the Black Friday and Cyber Monday shopping events (Thursday, Nov. 24 – Monday, Nov.
25 November 2022
Canada

North America | Canada

Battered by cost of living crisis, consumers cutting back on holiday spending Worn down by broad-based inflation and worsening finances, Canadian consumers are expected to spend 17% less this holiday season than in 2021, according to Deloitte Canada’s annual holiday retail out
09 November 2022
United States

North America | United States

Consumer safety perceptions hit by Omicron, but financial sentiment steady The Covid-19 Omicron wave has reduced the safety perceptions of US consumers, according to a monthly report Consumer Tracker report from Deloitte.
10 February 2022
Canada

North America | Canada

Deloitte: Average holiday shopper expected to boost spending by 31% Canadians expect to spend an average of $1,841 this holiday season - up 31% from 2020’s $1,405 and up 8% from 2019’s $1,706 - according to Deloitte’s annual Holiday Retail Outlook survey.
28 October 2021
United States

North America | United States

Consumer anxiety over Covid declining, but financial anxiety lingers Global consumers are reporting the lowest anxiety levels since April 2020, though concern over personal finances continues to accelerate, according to a recent report from Deloitte.
26 March 2021
United Kingdom

Europe | United Kingdom

Deloitte named administrator as Arcadia collapses Arcadia, the scandal-stricken parent firm of Topshop, Miss Selfridge and Burton among others, has appointed administrators from Deloitte.
03 December 2020
United States

North America | United States

As Prime Day kicks off shopping season, mass merchants continue to thrive Traditional and online-only mass merchants are likely to be the big winners this holiday season, according to Deloitte InsightIQ’s consumer data report for October.
17 November 2020
Canada

North America | Canada

Covid-19 depresses Canadians’ holiday budgets, pushes more online Canadians are projected to tighten their holiday spending budgets and shift more shopping to online channels, according to Deloitte’s annual holiday retail outlook report.
12 November 2020
United States

North America | United States

Holiday spending to drop by 7% as consumers avoid travels and experiences Holiday spending in US households is projected to drop 7% from 2019 to $1,387 in 2020, according to Deloitte’s annual holiday retail survey, which polled 4,000 US consumers in September.
26 October 2020
United States

North America | United States

Deloitte: Holiday spending to increase by modest 1% to 1.5% As the pandemic continues to depress consumer sentiment, holiday spending is expect to increase by a modest 1% to 1.5%, according to Deloitte’s annual holiday retail forecast.
22 September 2020
Canada

North America | Canada

Deloitte: Malls will have to become mixed-use destinations post-pandemic Retailers and mall owners will have to change what malls look like in a challenging post-Covid environment, pivoting to a technology-enhanced, multi-purpose destination, according to a recent report
21 July 2020
United Kingdom

Europe | United Kingdom

Go Outdoors sold out of administration by Deloitte Go Outdoors’ 2,400 staff have been handed a temporary reprieve, after the collapsed company was sold out of administration by professional services firm Deloitte.
26 June 2020
United Kingdom

Europe | United Kingdom

Deloitte appointed for Victoria's Secret administration Lingerie behemoth Victoria’s Secret has appointed administrators for its UK wing, falling a rapid fall from grace for the brand’s global entity.
12 June 2020
United States

North America | United States

Consumers retreating as Covid-19 spreads Health concerns generally exceed financial concerns in the US, with more than half of respondents concerned about health and nearly a quarter worried about finances, according to a recent Consumer Tr
04 May 2020
United Kingdom

Europe | United Kingdom

Fall in CVAs could lead to spike in retail administrations 2019 was undoubtedly a tough year for the retail sector – however Britain’s high street crisis could be on the verge of deepening this year, according to the latest research.
24 January 2020
United Kingdom

Europe | United Kingdom

Ted Baker appoints Deloitte to probe multi-million stock overstatement Troubled fashion retailer Ted Baker has drafted in investigators from Deloitte to probe an accounting mishap that saw it overstate the value of its stock by up to £25 million.
10 January 2020
United States

North America | United States

Deloitte: Fresh food presents ripe opportunity for retailers, manufacturers A report from Big Four firm Deloitte shows that there is increasing value in fresh food for retailers and manufacturers.
25 November 2019
Australia

Oceania | Australia

Australian retailers enter festive season with a mixed outlook A tough year is set to tone down the Christmas spirit amongst Australian retailers, with just over half expecting an increase in sales over the holiday season.
24 November 2019
United Kingdom

Europe | United Kingdom

Deloitte to oversee Supercuts owner administration Salon chain owner Regis UK has appointed administrators from Deloitte, becoming the latest victim of the UK’s ailing high street as a result.
04 November 2019
United Kingdom

Europe | United Kingdom

Deloitte appointed as Links of London administrator High street jewellery brand Links of London has been placed into administration, putting around 350 jobs at risk if a buyer cannot be found.
22 October 2019
United States

North America | United States

Nearly half of consumers feel they've lost control of their data, finds Deloitte Retailers need to up their privacy consciousness as consumer trust declines in the digital age.
16 October 2019
South Africa

Africa | South Africa

Affordability and sustainability are priorities for South African consumers The modern South African consumer is more conscious than ever of factors such as value for money, customer experience and convenience, according to a new report compiled by Deloitte in collaboration
07 October 2019
United States

North America | United States

Deloitte projects holiday retail sales to increase by 4.5-5% Big Four consultancy Deloitte expects holiday retail sales to jump between 4.5-5% in 2019, according to its annual holiday retail forecast.
26 September 2019
Australia

Oceania | Australia

Deloitte managing wind-down of Karen Millen in Australia The Australian wing of UK fashion outlet Karen Millen has appointed administrators from Deloitte to oversee its winding down.
16 September 2019
United States

North America | United States

Deloitte: Back-to-school electronic gadget spending to see 29% increase Deloitte’s “2019 Back-to-School Shopping” report has revealed that back-to-school spending on electronic gadgets will increase by $800 million in 2019 – up 29% from last year.
15 July 2019
South Africa

Africa | South Africa

Four South African retailers make it to Deloitte's global top 250 Following Steinhoff’s financial collapse due to a scandal last year, only one South African retail chain remains amongst the top 100 in the world, according to Big Four accounting and advisory firm D
28 January 2019
United Kingdom

Europe | United Kingdom

Stagnant wages and Brexit see consumer confidence dip before 2019 Consumer confidence in the UK continues to face headwinds, as real wage growth declines and Brexit uncertainties set in.
06 December 2018
United States

North America | United States

Deloitte: Consumers to up holiday retail spend in 2018 Deloitte’s 33rd annual ‘Holiday Survey’ forecasts total holiday retail sales to increase 5-5.6%, with online sales rising 17-22% in the 2018 holiday season.
02 November 2018
India

Asia | India

Indian consumer market to surpass $1 trillion by 2021 India’s retail sector appears to be on track for substantial growth over the next few years, in addition to a drastic shift in its composition.
15 October 2018
United Kingdom

Europe | United Kingdom

UK less trusting of consumer-facing businesses than 3 years ago As consumers and businesses become more reliant on technology, they are also feeling more exposed to risk.
19 September 2018
United Kingdom

Europe | United Kingdom

Big Four firms wary of Sports Direct's hunt for new auditor As competition rules have led to Grant Thornton having to stand aside as the auditor of Sports Direct, the retail group has been left struggling to replace the firm.
19 September 2018
South Africa

Africa | South Africa

Deloitte establishes connected retail experience in Cape Town Global professional services firm Deloitte has become one of the first to bring the much anticipated phenomenon of digital retail to the South African market, through the establishment of a ‘connecte
03 September 2018

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