There was widespread agreement among the Retail Think Tank members that the physical store, in some shape or form, is here to stay. So what opportunities or threats do they face and what might its role be in the future?Read More
Whilst change is nothing new to the retail industry, the rise of ‘platforms’ marks the latest chapter in the industry’s story.
The KPMG/Ipsos Retail Think Tank chose to discuss retail platforms and what is driving this new evolutionary phase in their latest whitepaper.Read More
May 2017 Introduction Seasonal events have long been used by retailers as an opportunity to boost sales. Indeed, Paul Martin, UK Head of Retail at KPMG, pointed to the substantial growth in UK retail over the past decade – from £286bn in 2006 to £360bn in 2016 – and suggested that events-based retail “…surely plays…Read More
• Very limited retail growth in 2017, as any growth in non-discretionary retail will be clawed back by a decline in discretionary spend • On average 5 – 8% increase in retail prices in 2017, albeit varying across categories of retail • In light of increasing commercial headwinds, more retailers will leverage technology, consider multichannel…Read More
Consumer confidence indices never tell the whole story, but they do provide insight into shoppers’ mind-set, particularly when viewed as a trend over time There is a strong correlation between consumer confidence and consumer spending, however shock events like the Brexit vote can result in divergence between the two data sets Consumer confidence indices should…Read More
In the immediate aftermath of the Brexit vote, political uncertainty had led to a dampening of consumer confidence In the medium-term, as currency hedging unwinds, the cost of goods purchased overseas will effectively become more expensive. The debate for retailers will then be whether to increase prices or absorb the loss into margins In the…Read More