Deloitte | Global news | Retail

An overview of Deloitte global news:

Middle East

Six primary forces re-shaping consumer behavior Drawing from a comprehensive global study, Deloitte has identified numerous trends influencing consumer behavior in the coming years.
14 March 2024
Australia

Deloitte analysis finds LEGO to be among most sought after collectibles A report from consultancy firm Deloitte and eBay found LEGO sets to be among Australian collectors most sought after items – just another reason to avoid stepping on the expensive plastic blocks.
28 December 2023
China

China leapfrogs rivals to become world's largest luxury goods market The Chinese market for luxury goods is expected to grow to 25% of the global market by the end of this year.
26 September 2023
Europe

Healthcare services in retail spaces a possible solution for Europe With the pool of patients continuing to grow, European healthcare services will likely soon be faced with difficulties in keeping up with the demand for medical interventions.
14 May 2023
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
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 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
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
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

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

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 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
Europe

Hunkemöller boosts store performance insights with new system Lingerie brand Hunkemöller is growing fast: it now has more than 900 stores, with more stores in new countries added every year.
10 January 2020
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
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

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

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
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
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
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

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
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

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

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

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
Australia

Deloitte adds four senior appointments to its retail and consumer products team Big Four firm Deloitte has boosted its retail and consumer products teams in Australia by adding Terry Innerst, Abs Osseiran, John Bresolin and Tom Peach to its list of professionals.
23 July 2018
Canada

Legal marijuana market set to be worth $4.34 billion in 2019 As recreational marijuana is set to become legal this summer, the industry will be partially thrust out of the black market and onto the shores of legitimate business – and government taxation and re
15 June 2018
India

Five Indian brands in globe's 100 largest luxury goods companies Despite emerging from a turbulent period for India’s wealthier segments, the Indian market for luxury brands appears to be doing particularly well.
13 June 2018
Canada

Loblaw Companies Ltd. the top-earning Canadian retailer in 2018 In a recent report on the global retailing landscape, Loblaw Companies Limited retains its position as Canada’s largest retailer.
08 June 2018
United Kingdom

Deloitte poised to administrate ailing Poundworld Big Four professional services firm Deloitte is understood to be on the verge of an appointment as Poundworld administrator.
08 June 2018
India

Milennials to be the key segment of India's consumer market, says Deloitte Millennials make up nearly a third of the world’s population, and more than a third of the Indian population.
12 March 2018
South Africa

The largest retailers in South Africa and in the world As retailers in South Africa look to support the economy through turbulent times, five of the country’s top retailers feature in global professional services firm Deloitte’s ranking of the 250 bigges
19 February 2018

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