PWC
This coverage examines PwC’s analysis and advisory work within the UK retail sector. Reporting focuses on insights from PwC’s Retail Outlook 2025, which addresses margin pressures, cost headwinds, and consumer sentiment trends. Coverage includes PwC’s commentary on retail sales figures, store openings and closures, and the impact of economic policies on retail operations. These insights are tailored for retail executives, financial planners, and professionals seeking data-driven perspectives on retail strategy and performance.
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Nov- 2021 -15 NovemberEconomy
Consumers to spend £21bn this Christmas, says PwC
One in four consumers intend to spend more this festive season, with an average £428 spend per person up from £384 last year, according to PwC’s festive predictions research. It revealed the increase, which is seen across all age ranges and regions, means a total spend of £21bn on presents…
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Apr- 2021 -23 AprilAdvice
Getting ready for the post-covid retail boom
From being in the grip of the second wave in a bleak mid-Winter two months ago with so much uncertainty and anxiety there really has been a remarkable turnaround due to the determination of all to fix this situation. A majority of the population have been vaccinated and sunnier days…
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Mar- 2021 -17 MarchAnalysis
Happy Shopping: Bringing a little emotion to ecommerce
Happy shoppers loyally return, they generate more value, they advocate and create more business. It’s the ultimate goal for every direct-to-consumer business. But happiness is a fickle thing, how can a business make every customer happy? Especially in a digital commerce experience that has to deliver at scale? A helpful…
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Dec- 2020 -21 DecemberOnline & Digital
Boohoo appoints new auditor after PwC departure
Boohoo has announced that it has appointed PKF Littlejohn as the group’s new auditor, with immediate effect. PKF Littlejohn will replace PwC, who resigned from the role of Boohoo’s auditor in October. Prior to its resignation, PwC had worked as the fast fashion company’s auditor since its inception, back in…
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2 DecemberAdvice
Why we should be focussing on repurposing and not death of the high street
For several years, there has been a very evident and well publicised demise of local high streets as they struggle to compete with the ease and efficiency of online shopping. This has led to what is commonly termed the ‘death of the high street’. According to research from the Local…
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Oct- 2020 -19 OctoberClothing & Shoes
PwC to step down as Boohoo auditor
Accountancy firm PwC is to step down from its role as auditors of fast fashion chain Boohoo after six years in the position. According to the Financial Times, PwC has resigned from its role due to concerns over the retailer’s governance following allegations of malpractice in its supply chain that…
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May- 2020 -20 MayHigh Street
Matalan founder sues PwC over ‘misguided’ tax advice
PwC is reportedly being sued by the founder of Matalan over “misguided” tax advice. John Hargreaves, who set up the business in 1975, alleges the firm failed to give him correct guidance following his move to Monaco, leaving him with substantial tax liabilities for which he was pursued by HMRC.…
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Mar- 2020 -23 MarchHigh Street
Laura Ashley slashes 721 roles as 70 stores shutter
Embattled retailer Laura Ashley has shuttered 70 of its stores leaving almost 721 people out of work, administrator PWC has said. The ‘Big Four’ accountancy firm said it will be working with those employees to help them understand “what this means for their roles” and provide all “necessary support” including…
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Feb- 2020 -17 FebruaryFeatures
Book Smart: Why the independent bookshop is here to stay
The bookselling industry is subject to constant speculation. In a world where Amazon founder and CEO Jeff Bezos reigns and tablet devices are a mainstay, one would be forgiven for assuming the end is nigh for independent booksellers’ success. But despite the rise of retail giants and fall of book…
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Jan- 2020 -15 JanuaryFeatures
How catering to older consumers can help save the high street
2019 was the “worst year on record” for retail according to figures released by the BRC last week, with commentators quick to blame the rise of internet shopping or the impact of Brexit, but the reality can be seen to be much more complex. Across the UK, high streets are…
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