This site uses cookies to provide you with a more responsive and personalized service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Bookmark Email Print page

Deloitte launches the first Malta Retail Review

Deloitte, in collaboration with EMCS published the results of the first Malta Retail Review. The report, which was sponsored by Bank of Valletta, was based on a market survey that covered all the main shopping areas in Malta and Gozo.

Retailers in the clothing and footwear sectors saw turnover increase by 0.5 per cent in the first six months of 2012, compared with the same period a year before, according to the first Malta Retail Review, undertaken jointly by Deloitte and EMCS with the support of Bank of Valletta.

The review also found that turnover amongst participants had increased by 0.4 per cent in 2011, compared with a year before. Notwithstanding the overall marginal gains, Valletta saw a considerable decrease of 10.3 per cent, losing business primarily to Sliema and Birkirkara.

The Review reported that although franchises fared slightly better than non-franchise outlets, there was a marked move from high street outlets to mall outlets, with the former seeing a drop of 3.9 per cent and the malls seeing an increase of 8 per cent, between 2010 and 2011.

“We believe that The Malta Retail Review will fill a void in this important market sector, and will complement other successful market intelligence initiatives undertaken by Deloitte for other key sectors” Deloitte Financial Advisory Leader Raphael Aloisio said.

“The retail sector is a very important one for Bank of Valletta and having regular updates on trends will enable us to monitor the sector and be in a better position to assist our customers,” BOV’s Executive Head of the Research and Business Generation Department Noel Scerri said.

Mr Stefano Mallia, director of EMCS confirmed that “ This initiative, which will undoubtedly prove invaluable to retail operators will in future be extended to cover other retail sectors such as food, pharmacies, household goods, restaurants, electronics, ICT and toys”.

 

 

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.

Deloitte Malta refers to a civil partnership, constituted between limited liability companies, and its affiliated operating entities; Deloitte Services Limited and Deloitte Audit Limited. The latter is authorised to provide audit services in Malta in terms of the Accountancy Profession Act.

A list of the corporate partners, as well as the principals authorised to sign reports on behalf of the firm, is available at www.deloitte.com/mt/about.

Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. With a globally connected network of member firms in more than 150 countries, Deloitte brings world-class capabilities and high-quality service to clients, delivering the insights they need to address their most complex business challenges. Deloitte has in the region of 200,000 professionals, all committed to becoming the standard of excellence.

This publication contains general information only, and none of Deloitte Touche Tohmatsu Limited, its member firms, or their related entities (collectively, the “Deloitte Network”) is, by means of this publication, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser. No entity in the Deloitte Network shall be responsible for any loss whatsoever sustained by any person who relies on this publication.

© 2012 Deloitte Malta

Last Updated: 

Contacts

Name:
Raphael Aloisio
Company:
Deloitte
Job Title:
Leader Financial Advisory
Phone:
+356 23432000
Email
raloisio@deloitte.com.mt
Name:
Company:
Job Title:
Phone:
Email