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EY | News | Retail

An overview of global EY news:

Canada

Canadians using AI to find deals, says EY report Amid persistent inflation, Canadians are turning to artificial intelligence (AI) to help them find lower-cost alternatives, according to the most recent EY Future Consumer Index report.
13 June 2024
Canada

Inflation forcing Canadians to tighten belts again Persistent high inflation is making Canadians return to their pandemic downturn behaviours – including cutting down on non-essentials and trading down to cheaper alternatives.
01 September 2022
Canada

Most Canadians thinking about sustainability in holiday purchases Most Canadians (80%) say they are considering sustainability when making purchasing decisions this holiday season, according to EY’s Future Consumer Index Survey.
26 November 2021
United Kingdom

EY appointed to shopping centre administration Consultants from EY have been appointed to the administrate shopping centre owner IRAF UK Dragon.
01 March 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
Canada

Majority of Canadians plan to spend less on non-essential goods Fifty-five percent of Canadian consumers plan to decrease spending on non-essential goods and services, according to an April survey from EY.
03 September 2020
Australia

T.M. Lewin Australia brings in EY to oversee administration The Australian division of T.M. Lewin Australia has collapsed into administration, jeopardising around 40 jobs in Melbourne, Sydney and Brisbane.
05 July 2020
United Kingdom

EY to oversee insolvency of Specialist Leisure Group Big Four professional services firm EY has been appointed as administrator for Specialist Leisure Group.
04 June 2020
United Kingdom

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
United Kingdom

Retail bears brunt of sluggish first half of 2018 with 20 profit warnings The number of profit warnings by FTSE-listed retailers has doubled since the same period of 2017, while the UK economy as a whole has seen profit warnings hit a seven year high.
26 July 2018
Latin America

Modern trade in Latin America stagnates for consumer product companies For the better half of a decade, modern trade penetration in Latin America has been situated between 48-50%, shattering expectations of increasing consumerisation of the region.
25 July 2018
South Africa

South Africa's largest retailers book 5% growth, finds EY Things are back on the up for the South African economy in 2017, particularly in the retail sector, after a major slump in 2016.
13 November 2017
United Kingdom

EY launches Microsoft-backed analytics platform for retail industry EY has, as part of its strategic alliance with Microsoft, launched a ‘Commercial Analytics Services Hub’.
18 August 2016

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