The UK Retailing Industry is at a turning point, with consumer confidence at its lowest level since February 2009. Along with the rise in commodity costs and decline in consumer spending, UK retailers continue to face increasing pressure on operating margins. These adverse conditions are as a result of structural changes in the retail environment, which necessitate innovative solutions to counter the pressures of supply and demand.
The latest Deloitte UK CFO survey* shows that for the first time in a year, cost control is the top priority for CFOs. Risk appetite has fallen at the fastest rate in four years during the last quarter from 40% to 20% with a shift towards balance sheet and cost reduction strategies.
This portal provides insight, analysis and case studies of where major retailers have successfully tackled operating costs. Analysis includes details of Deloitte’s lessons from the retail sector, common mistakes made and the importance of having a proactive and effective response to the structural changes in the retailing landscape.
Deloitte have the capabilities and experience from working with retailers around the world to support the development of more cost effective retailing. Please download our report ‘UK Retailing at the Turning Point – Your Game Plan for success’ which provides a comprehensive overview of the strategies retailers need to adopt in response to the structural changes in UK retailing.