– Looming economic factors could cause a “retail relapse” warns Retail Think Tank- Part I: Executive Summary Introduction Many could be forgiven for thinking that the worst effects of the recession are over, following better news for the industry lately. The KPMG/Synovate Retail Think Tank’s (RTT) latest Retail Health Index, which recorded an improvement in…Read More
What changes are retailers making to their HR strategies and operational practices to adapt to the recession?
Introduction The middle of 2008 saw a dramatic sea change in the HR practices of many UK retailers. Driven by the need to cut their cost bases as market conditions took a turn for the worse, numerous retail businesses took decisive action to streamline their operations and reduce staff numbers and costs, both through natural…Read More
What impact do shop vacancies have on towns and cities across the UK and what can be done to address the problem?
Introduction As the recession continues, there is much talk about how shop closures are changing the face of high streets and shopping centres across the UK. There is plenty of discussion and research about the effect these will have upon towns and cities. For example, statistics published by Experian suggest that one in seven UK…Read More
Introduction The discussion for the KPMG/Synovate Retail Think Tank’s (RTT) latest white paper followed one of the toughest years of trading UK retailers have experienced for many years. In early 2009, at the time of the RTT’s quarter 1 meeting, the economic outlook was extremely challenging for retailers with an increasing number of insolvencies in…Read More
Introduction As we approach the key Christmas trading period, the KPMG/Synovate Retail Think Tank’s (RTT) latest discussion focused on the challenges and impacts the sector faces during this crucial time for retailers. Christmas trading in 2009 will be set against a backdrop of this year’s tough economic conditions, part of the longest recession the UK…Read More
Are there limits to the growth of major retailers or will these companies just continue to get bigger?
Introduction In its previous white paper (published October 2008) the KPMG/Synovate Retail Think Tank (RTT) explored whether a downturn need necessarily be all bad for all retailers and looked at the positive and negative effects which the current downturn is likely to have on the sector. One of the key conclusions of these discussions was…Read More