PwC | Global news | Retail

An overview of PwC global news:

United Kingdom

Unilever working with PwC on divestment of premium skincare brands Fast-moving consumer goods giant Unilever has reportedly contacted PwC to help it slim its personal care portfolio.
04 September 2024
Middle East

M&A advisors advise off-price retailer Brands For Less on mega deal with TJX UAE-based retailer Brands For Less has agreed to sell a 35% stake to The TJX Companies, in a $360 million deal that values the off-price retailer at $1.2 billion.
27 August 2024
United Kingdom

PwC set to return as Sainsbury's auditor Reports in the British press suggest supermarket giant Sainsbury’s is set to re-appoint PwC as its auditor. The move would come a decade after the firm was replaced in the role by Big Four rival EY.
13 March 2024
Australia

PwC called in for Godfreys and Melbourne Rebels administrations Facing separate but challenging market forces, rugby union club the Melbourne Rebels and vacuum cleaning retailer Godreys have both entered voluntary administration, with PwC called in on both.
30 January 2024
Canada

Despite declining confidence, Canadian consumers still spending Despite heavy concerns about their personal finances, Canadian shoppers are still spending, according to a late-2022 PwC survey of 500 Canadians.
17 March 2023
Australia

PwC agrees partnership with retail media platform Zitcha Aiming to capitalise on a local retail media market tipped to double in size to $2 billion over the next few years, PwC has forged a collaborative partnership with Zitcha.
17 January 2023
United Kingdom

PwC to oversee Made.com administration The operators of Made.com Design have filed a notice to appoint Big Four firm PwC as its administrator. The consultancy will now work to find a buyer for the assets of the e-commerce firm. Made.
03 November 2022
Middle East

Consumers are hybrid hunting bargains and more ESG minded The shopping behaviour of consumers in the Middle East is undergoing major change, with many of these changes likely to stick around for good, according to a new report by PwC.
17 May 2022
United Kingdom

Supply chain issues to hit Boxing Day sales Annual research from PwC anticipates “lacklustre” Boxing Day sales, as retailers look to preserve margins already hit by supply chain uncertainty and labour shortages.
27 December 2021
Europe

DELIVER names PwC knowledge partner of its flagship event Europe’s leading event for the retail e-logistics industry, DELIVER, has named PwC its knowledge partner for the 2021 edition of its flagship event to be held in the Dutch capital of Amsterdam.
23 September 2021
United Kingdom

Alantra, EY and PwC advise on Sigma Sports | Primary Capital deal UK-based private equity group Primary Capital has purchased a minority stake in bicycle retail giant Sigma Sports. The company is expected to use the new backing to fund an expansion drive.
24 February 2021
United Kingdom

Paperchase becomes latest victim of Covid-19 recession UK stationary firm Paperchase is reportedly on the brink of administration, after muted Christmas sales thanks to Covid-19 restrictions.
11 January 2021
Australia

Cross-border PwC team helps Italians acquire Zimmermann Australian luxury brand Zimmermann has been acquired by Style Capital, an Italian private equity group. The deal was advised on by consultants from PwC’s M&A arms in Australia and Italy.
15 December 2020
Canada

Le Château files for creditor protection, appoints PwC as monitor Le Château, a Montreal-based fashion retailer, has filed for creditor protection.
28 October 2020
China

M&A eyes China's booming sheconomy as women lift spending Women now account for 75% of all consumer purchases in Mainland China, and the merger and acquisition (M&A) landscape has been quick to recognise this opportunity.
04 September 2020
Middle East

Middle East consumer behaviour changing and shifting online Despite feeling the financial strain from Covid-19, consumers across the Middle East are still willing to spend more in the near future, although patterns of consumption are likely to change.
24 July 2020
United States

Consumers are spending less, going mobile and embracing wellbeing PwC reports that lower spending is a product of the current economic uncertainty, while other trends in consumer behaviour – such as a transition to online – might be here to stay for the long term.
16 July 2020
Canada

Retailers need to rethink customer journey, says PwC The Covid-19 pandemic is accelerating consumer behavior shifts which were underway even before the crisis hit, according to a recent consumer insights report from PwC Canada.
13 July 2020
United Kingdom

Millionaire Monaco-based Matalan founder sues PwC over tax liability John Hargreaves, founder of UK discount retailer Matalan, is suing PwC over claims the firm’s advice left him liable for as much as £135 million in tax.
22 May 2020
United Kingdom

Third PwC administrator appointed to Laura Ashley A third joint administrator has been appointed for UK retailer Laura Ashley, following a court hearing in April.
20 April 2020
United Kingdom

Laura Ashley appoints PwC administrators Amid the continuing Covid-19 pandemic, Laura Ashley has become the first retailer to fall victim to the “significant” drop in trade that the virus has caused.
20 March 2020
United Kingdom

PwC to oversee administration of The Book People The Book People has filed for administration with just one week to go before Christmas, putting 400 jobs at risk.
23 December 2019
Australia

Trio of PwC partners oversee administration of Co-op Bookshop Consultants from PwC have been appointed as administrators for Co-op Bookshop, following the Australian retail firm’s decision to enter voluntary administration.
28 November 2019
United Kingdom

Mothercare appoints PwC administrators for UK wind-up PwC is set to close 79 Mothercare stores across the UK, after its appointment as administrator for the troubled brand. The news is likely to result in the loss of almost 3,000 jobs across Britain.
11 November 2019
Canada

Canadians to up holiday spending this season Canadian shoppers are feeling more optimistic about the economy and their personal finances, and will increase holiday spending by 1.
23 October 2019
Canada

International consumers want Canadian goods, PwC finds There is a strong opportunity for Canadian brands to capitalize of overseas markets, according to a recent report from Big Four consultancy PwC.
08 October 2019
United Kingdom

Retailers must make return on experience the new ROI In addition to the traditional return on investment (ROI) metrics such as NPS, which are used to determine a company's success, it is time to introduce another metric.
22 May 2019
United Kingdom

Lack of high street openings sees UK retail in precarious state Changes in consumer behaviour, particularly in favour of online shopping, are starting to take their toll on shop-fronts in the UK, while stagnant wages are hitting peoples’ willingness to go out for
11 March 2019
Australia

Mayo Hardware taps consultants from PwC for strategic review The management team of Mayo Hardware has hired PwC to support the firm with a strategic review process.
15 January 2019
South Africa

Black Friday marketing initiatives are extending holiday shopping periods As South African consumers prolong their propensity to spend in and around Black Friday, and retailers prolong their targeted efforts to capitalise on this tendency, Black Friday appears to be result
29 November 2018
United Kingdom

UK retail net store closures quadruple in first half of 2018 The UK high street is enduring its most challenging period in five years, according to a new study.
14 November 2018
Canada

Canadians projected to spend more money this holiday season Canadians will spend $1,563 on average this holiday season, an increase of 3.7% over last year’s purchasing.
10 October 2018

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