15th annual Global Powers of Retailing. The report identifies the 250 largest retailers around the world for the past fiscal year.
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Retail
Retailers are now faced with renewed imperatives and an even tougher environment where the difference between surviving and thriving is finely balanced. For the first time in 20 years, the retail sector is contracting on a global basis and is creating an environment in the UK for survival of the fittest, fastest and boldest.
More than ever, retailers need to prioritise their actions and recognise what may be a fundamental and permanent shift in consumer shopping desires and patterns. Given these changing dynamics in the global retail market space, retailers may need to re-think not only their business forecasts but also their business models.
Our retail practice provides a wealth of expertise drawn from teams of specialised professionals providing multi-disciplinary, industry-specific solutions including; cost reduction, promotional effectiveness, supply chain, customer data and site location services.
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Research and insight
Issues and trends within the industry
Multichannel
In this point of view, we consider the evolution of the retail sector through the emergence of the connected consumers. We discuss the importance of truly integrated multichannel retail capabilities in serving this new consumer and the opportunities it represents in a low growth environment.
Cash & Liquidity
Deloitte can support you with our multidisciplinary teams, bringing together professionals with expertise across treasury, tax, pensions, working capital management, fund raising, financial restructuring and corporate finance, conducting an initial ‘Rapid Assessment’ to identify key areas of improvement.
Cost Reduction
Retailers have a reputation for being cost focused, with tight control and management of external spend. This focus on cost control will increase as the impact of today’s economic climate change is felt.
Internationalisation
Over the next several years, a disproportionate share of consumer spending growth will take place in emerging markets. The growth will occur not only in China but in the other BRIC countries, as well as in numerous smaller ones. Each of these markets presents its own complex set of challenges; but understanding them may present rewards.
Highlights
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Accounting in the retail industry A new view of lease accounting emerges. |
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International retailing Finding growth in challenging times. |
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Risk, regulation and compliance A fine balance. |
Key contact
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Ian Geddes Lead Partner, UK Retail |