Retailers Embrace Generative AI to Boost Efficiency and Customer Experience
In 2025, generative AI could revolutionize retail experiences as half of executives prioritize convenience through last-minute deliveries and inventory...
Deloitte
Fraudulent Returns Cost Retailers $103 Billion in 2024
Retailers are tightening their return policies to combat fraud, according to a report that analyzed data from 60 U.S....
US Holiday Retail Sales Set to Surpass $1 Trillion Amid Mixed Economic Environment
Wealthier consumers are driving retail sales growth this holiday season, according to a new report from Forrester. Their housing...
Holiday Retail Sales Growth Slows Down: Deloitte’s Forecast
Deloitte predicts a slowdown in holiday sales growth this year, forecasting a 3.5% to 4.6% increase compared to last...
New Look Secures £100m Debt Refinancing Amidst Trading Challenges
High street retailer New Look is set to complete a £100m debt refinancing deal amid challenging trading conditions, according...
New Look Seeks Deloitte’s Advice for £100m Debt Refinancing Amidst Tough Retail Climate
TV Anchor: In a bid to tackle its £100 million debt due in 2024, high street fashion chain New...
Financial Reporting Council Investigates Deloitte’s Audit of Joules Retailer
In a recent development, the Financial Reporting Council (FRC) has initiated an investigation into Deloitte's audit of clothing retailer...
THG Appoints Damian Sanders as CFO, John Gallemore Becomes COO
In a major shakeup at THG, Damian Sanders has been appointed as the new Chief Financial Officer (CFO), taking...
Original Factory Shop Explores Sale Amid Takeover Offers
The discount retailer The Original Factory Shop is considering a sale after receiving multiple takeover offers, according to Sky...
Arcadia Collapse: £800m Debt and Job Losses
In a shocking revelation, Arcadia, the owner of popular fashion brands Topshop, Dorothy Perkins, and Miss Selfridge, reportedly owes...