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Retail news in the UK | Page 9
An overview of news, trends and research in the Retail industry in the UK:
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Strategy&: Online sales in the UK coming to a stand still
The continued growth of online only sales may be coming to a standstill in the UK, says Strategy&’s James Walker in a recently released statement.
14 April 2015
OC&C: Supermarkets to use low milk prices for edge
Wednesday 1 April 2015 was a historic day for the European dairy industry. The milk quota, which regulated the production of milk across the region for 31 years, has been lifted.
07 April 2015
Flipkart hires McKinsey & Co. India Director as COO
E-commerce marketplace Flipkart has hired McKinsey Director Saikiran Krishnamurthy to be the COO of the firm’s Commerce Division.
27 March 2015
4 consultancy firms partner of E-commerce Benchmark
The Ecommerce Foundation, an international non-profit organisation for research into e-commerce, recently launched the international E-commerce Benchmark. With the free tool companies can compare their e-commerce activities with their peers and whe
26 March 2015
Retail fastest growing segment in consulting industry
The global retail consulting sector is from an industry perspective the fastest growing industry segment of the consulting industry.
16 March 2015
OC&C advises WorldStores on 25 million financing
WorldStores, one of UK’s leading online furniture retailers, has received an investment of £25 million from a consortium of investors, led by US bank Goldman Sachs.
06 March 2015
Kurt Salmon: 5 percent of retailers onmi-channel proof
The development of omni-channel retailing continues to be on the rise and is a top three business priority for 60% of executives, a recent survey by Retail Week and Kurt Salmon shows. However, there is a divergence between the firm’s prioriti
11 February 2015
IBM: Enthusiasm for online retail outpaces behaviour
In a recently released study IBM finds there is a discrepancy between consumers’ stated behaviour preference and their actual behaviour. This discrepancy is present both in their preference for online consumption as well as their willingness
29 January 2015
IBM: Retail top target sector for cyber-attacks in 2014
While the number of cyber-attacks in the US retail industry decreased significantly in 2014, the number of records compromised increased by 43%*, research by IBM shows. This data indicates that sophisticated cybercrime units are getting away with i
20 January 2015
Deloitte appointed administrator of Bank Fashion
UK retailer Bank Fashion has recently gone into administration and Deloitte has been called in as administrator. As it stands no redundancies have been issued and the doors are still open while a new buyer is being sought. Bank Fashion
15 January 2015
Kingfisher hires Hymans Robertson as pensions adviser
The trustee of the Kingfisher Pension Scheme has appointed consulting firm Hymans Robertson as its scheme actuary and adviser. Kingfisher is one of Europe’s largest home improvement retailers, and is the par
12 January 2015
Tesco slashes prices, further sparking supermarket war
The price war in the UK’s supermarket industry is intensifying, with Tesco announcing it will slash the price on 380 basic food items by 25% in the coming days to compete with among others German bud
09 January 2015
Deloitte, TCS & Kurt Salmon sponsor Retails BIG Show
This Sunday the annual “Retail's BIG Show” kicks off in New York City. The four day event consists of a conference and EXPO entirely focussed on the Retail industry. Consulting firms Deloitte, Kurt Salmon and Tata Consultancy Servic
09 January 2015
AT Kearney: 4 types of online consumers emerging
The difference in levels of connectivity among global consumers has led to the emergence of four consumer segments, a survey by A.T. Kearney shows. As the four segments need to be addressed differently by (online) retailers, the firm states that re
07 January 2015
Consultant leaves Bain & Co to sell trendy trousers
A young talented 24 year old Bain & Company employee recently threw down his job security in strategy consultancy to setup a new apparel business.
02 January 2015
Retailer Myntra headhunting McKinsey consultants
Myntra, one of India’s leading online fashion stores, has in recent months headhunted several high ranked consultants from McKinsey & Company. While the influx of the brightest minds in the consulting industry have according to
30 December 2014
Capgemini: M-commerce share of online grows 4,000%
Online spending via mobile phones and tablets has risen by 4,000% in the past four years, from less than 1% in 2010 to 37% in 2014, concludes the Quarterly Benchmarking report released by consulting firm Capgemini and the association for e-retail I
19 December 2014
Norman Broadbent and BDO: Retail leads in diversity
Retail is leading the way when it comes to getting women in executive roles, a new research by BDO shows. In this industry sector, women make up a quarter of the Non-Executive Director boards in the FTSE 100 and FTSE 250, which is double the averag
11 December 2014
Accenture: Consumers to spend more this Christmas
Christmas shoppers plan to spend more this year than in 2013, with 27% indicating to spend £250 or more on shopping than last year, concludes Accenture in its Christmas Shopping Survey. A big portion of the Christmas budgets will be spent onl
05 December 2014
UK consumers to capitalise Black Friday & Cyber Monday
Black Friday and Cyber Monday, US shopping frenzy days following Thanksgiving, have reached consumers and retailers in the UK, conclude several consultants, including from Accenture and Deloitte. Research shows that shopping on these days has reach
28 November 2014
OC&C: 45 billion eCommerce export opportunity for UK
UK based companies will in the coming years be granted a massive opportunity to boost their eCommerce exports to Europe and beyond, concludes a research from OC&C Strategy Consultants in collaboratio
26 November 2014
Capgemini: Christmas sales kick off: double digit growth
After disappointing September sales numbers, spending in October is back on track with double digit growth of 14%, indicates the IMRG Capgemini e-Retail Sales Index.
21 November 2014
Boxwood on the relaunch of Netto UK with Sainsburys
Last week budget supermarket chain Netto announced it was relaunching in the UK, under a new partnership with retail giant Sainsbury's. Management consultancy Boxwood gives its verdict on Netto’s UK relaunch. Last week saw the ex
11 November 2014
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
Bain: Top 11 luxury markets and cities of the globe
The US, Japan and Italy are the largest luxury-goods markets of the globe, according to a research from Bain & Company.
29 October 2014
Bain: Global luxury goods market grows to 223 billion
Despite Europe’s sick-man economy, Russia’s conflict with the West over Ukraine and the turmoil in Hong Kong, the global luxury market is on track to grow by 5% this year to €223 billion, according t
20 October 2014
Social Media losing impact in retail, says Capgemini
The role of social media in the customer journey has declined compared to two years ago, concludes Capgemini in its research into the habits of consumers.
13 October 2014
OC&C: Profit of UK food and drink companies flat-lined
The larger food and drink companies in the UK have seen their average margin flat-lined at an all-time low for the past two years, shows the 'Food & Drink 150 Index' published by OC&C Strategy Consul
07 October 2014
BCG, Deloitte and OC&C partner of World Retail Congress
Yesterday the ‘World Retail Congress’ kicked-off in Paris, a three day event for executives and managers active in the retail business. Three management consulting firms – Boston Consulting Group, Deloitte and OC&C Strategy Co
30 September 2014
Hitachi Consulting: Omnichannel hurting retailer profits
A new research report from Hitachi Consulting and retail association IMRG reveals that the growing focus on multichannel sales is actually hurting retailers’ profits due to a lack of overview. The option of
29 September 2014
Tesco brings in Deloitte to review profits overstatement
Multinational grocery Tesco has discovered that its expected profits for the first half year of 2014 have been overstated. To clarify the situation, Tesco has hired Deloitte and law firm Freshfields
25 September 2014
Strategy&: Four reasons why price elasticity is obsolete
For decades, economic and business theory on pricing has centered around the concept of ‘price elasticity*’.
18 September 2014
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