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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Dec- 2019 -18 DecemberOnline & Digital
400 jobs at risk as The Book People enters administration
The Book People has entered into administration, putting 400 jobs at risk. Toby Underwood and Zelf Hussain, of PWC, have now been appointed as joint administrators of the bookseller. According to PWC, the administration is a result of the “difficult” trading environment that the business has been experiencing, combined with…
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Nov- 2019 -29 NovemberShopping Centres
Intu drafts in PwC advisers
Intu properties has appointed PwC advisers to help the restructuring of its balance sheet. According to Sky News, the shopping centre has hired PricewaterhouseCoopers (PwC) to work alongside its existing City advisers. It is understood the appointment has taken place in the last few days ahead of the festive period.…
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6 NovemberHigh Street
2800 jobs affected as Mothercare ceases UK trading
Mothercare has announced it is to cease all trading within the UK, putting a potential 2800 jobs at risk. Operating stores will close over the coming weeks and months, with the potential loss of 2485 retail jobs and 384 head office positions. Further losses will be seen at warehouses and…
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Oct- 2019 -24 OctoberHigh Street
Sports Direct appoints RSM UK as new auditor
Sports Direct has announced the appointment of RSM UK Group as its new auditor with immediate effect. It ends a six-week hunt for a new auditor, after Grant Thornton announced it was stepping down from the position on 13 August 2019. At the time, the firm said “following a review…
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Sep- 2019 -11 SeptemberHigh Street
Store closures hit record levels in the first half of 2019
The number of stores closing down in the first six months of the year has reached its highest levels, with 2868 closures recorded for the period. An average of 16 stores a day shut their doors, according to research by the Local Data Company (LDC) and accounting firm PwC. The…
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Aug- 2019 -21 AugustHigh Street
Sports Direct approaches mid-tier firms in race for new auditor
Sports fashion retailer Sports Direct has approached mid-tier accountancy firms BDO and Mazars as it races to appoint a new auditor, according to a report by the Financial Times (FT). FT said the retailer is aiming to avoid government intervention and a possible suspension from the London Stock Exchange (LSE)…
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14 AugustHigh Street
Grant Thornton quits as Sports Direct auditor
Sports Direct has confirmed accountancy firm Grant Thornton is to step down from its role as auditor. Sports Direct said on 13 August 2019 it received notice from Grant Thornton, “following a review of its client portfolio”, it intended not to seek reappointment as the company’s auditors and will cease…
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May- 2019 -23 MayAnalysis
How a data-driven locally optimised digital strategy can save high street retailers
In a challenging environment on the high street, it is vital for retailers to optimise their digital marketing to attract local shoppers. Yet many big-name brands are failing in the attention to detail needed to properly promote their physical stores in online advertising. Some have paid the ultimate price. Recent…
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Apr- 2019 -12 AprilAdvice
Top four golden benefits of dropship
With the inexorable rise of e-commerce, consumers have become increasingly discerning and demanding. The key battle grounds for retailers have become focused around product choice, convenience and speed. Whilst almost all retailers recognise the urgency to improve their multichannel offerings, only a few are effectively delivering. Most retailers, in trying…
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Nov- 2018 -21 NovemberHigh Street
UK shoppers may spend £234 on average this Black Friday, says PwC
UK consumers are preparing to spend an average of £234 at the tills and online during this year’s Black Friday and Cyber Monday shopping periods, PwC’s latest survey reveals. The £234 average projected spend for 2018 is exactly the same as 2017, suggesting demand has flattened out. Half of UK…
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