KPMG | News | Retail

An overview of KPMG news in the UK:

UK consumers continue to cut spending for 2024 While the narrative around the UK economy has bordered on optimism in recent months – with stats suggesting wage growth is finally outpacing inflation – consumers are feel they are less secure than t
08 January 2024
UK consumers most likely to give unwanted gifts to charity Unwanted Christmas gifts are most likely to be donated to charity, according to new research.
26 December 2023
Cost of living continues to hit Christmas spending After another year of rampant inflation, more than one-third of Britain’s consumers are planning on downsizing their Christmas spending on gifts.
27 October 2023
UK customer satisfaction holds firm in 2022 Even amid difficult trading conditions, UK businesses are managing to maintain their customer satisfaction levels.
18 November 2022
Inflation and interest hikes to hit UK consumer spending UK households face an unprecedented financial squeeze, according to a new study, as inflation diminishes the value of pay in real terms, while interest rates make borrowing more expensive.
30 September 2022
Liquidator KPMG withdraws Debenhams redundancy offer Liquidators from KPMG have been facing off with redundant Debenhams workers in Ireland, withdrawing the firm’s offered payment scheme after the retailer’s staff staged sit in protests across Ireland
11 September 2020
Menswear retailer Moss Bros hires KPMG for restructuring UK menswear retailer Moss Bros is reportedly undergoing a restructuring process, as it struggles to recoup losses over 2020.
08 September 2020
Quiz appoints KPMG for restructuring Fashion retailer Quiz has tapped KPMG administrators to restructure its store portfolio.
25 June 2020
Supermarket Morrisons calls in KPMG for board review Big Four professional services firm KPMG has been tapped by the UK’s fourth largest supermarket chain to help review its corporate governance.
23 June 2020
Pure Collection appoints administrators from KPMG KPMG professionals Howard Smith and Will Wright have been appointed joint administrators of cashmere brand Pure Collection.
14 February 2020
Beales poised for administration after KPMG review Around 1000 jobs have been placed at risk, as department store Beales has warned it could collapse into administration without a new owner.
14 January 2020
KPMG appointed to oversee Watt Brothers administration A family-run retailer has collapsed after more than 100 years in business, seeing almost 300 jobs lost across Scotland.
30 October 2019
KPMG oversees Lingerie Outlet Store administration Joint administrators from KPMG’s restructuring sector have sold the majority of ecommerce firm Lingerie Outlet Store, safeguarding 26 jobs in Wiltshire.
25 October 2019
KPMG to help embattled Jack Wills ‘assess all options’ Advisory firm KPMG is set to work with Jack Wills on a possible restructuring, amid talk of a cash crisis at the retailer.
17 July 2019
Consumers concerned as retailers look to cash in on store data Retailers face a fine balancing act between tapping the potential of new technology such as store monitoring, and being seen as overly intrusive and untrustworthy.
09 July 2019
Debenhams administrator handed legal threat from Sports Direct Earlier in April 2019, the long-suffering high street entity of Debenhams finally collapsed into a pre-pack administration, wiping out equity for shareholders including Sports Direct.
24 April 2019
HMV appoints KPMG for second administration in six years UK entertainment retailer HMV has appointed joint administrators from KPMG to oversee the sale or closure of its business.
08 January 2019
Debenhams calls in KPMG as it mulls store closures Debenhams has tapped up advisers to consider its options, including possible store closures, as the UK high street fixture struggles to renew falling sales figures.
25 September 2018
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
Style Group Brands sold by KPMG administrators in bid to avoid mass layoffs The iconic womenswear retailers Style Group Brands, which ran into financial strife earlier this year, has been sold to a subsidiary of Calvetron Style Holdings for an undisclosed sum, in a deal advi
13 June 2017
KPMG acts as joint administrator to Jones Bootmaker sale to Endless Iconic shoe retailer Jones Bootmaker will continue to operate in the UK, following the sale of the company to Endless, a UK-based private equity firm.
30 March 2017
Back to school demand and improving sentiment boosts retail sales Retail sales have shown slight improvement over the past months, on the back of back to school demand and improving consumer sentiment, according to the latest ‘Retail Sales Monitor’ from the British
19 October 2016
Millennials and technology are redrawing consumer goods market Millennials and the technology they wield are redrawing the consumer goods market with changes in values and in how they like to shop.
26 July 2016
UK online sales in non-food goods continues to boom Online sales of Non-Foods goods in the UK continue to grow, hitting 20% of total sales in February.
10 March 2016
KPMG: Retail sales growth unlikely to improve in 2016 2015 was a good year for consumers as real pay increased 2.8%.
14 January 2016
China Singles Day 11.11 to break e-commerce record Tomorrow, on 11.11, ‘Singles’ Day’ takes place in China, a special day in the country when consumers celebrate their single status. For single Chinese men and women, it undoubtedly will turn out a feast full of delight
10 November 2014
KPMG: Men buy luxury products to boost their status According to a survey by KPMG among 1.200 affluent Chinese consumers. Women buy luxury products as a form of self-reward and pampering.
14 March 2013

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