PwC | News | Retail

An overview of global PwC news:

United Kingdom

FRC mulls formal investigation of PwC for WHSmith role After an accounting error wiped £30 million from WHSmith’s expected annual trading profit in North America, an independent report by Deloitte has found that the retailer now faces a larger-than-expec
03 December 2025
Canada

Canadians plan to spend less this holiday season amid mounting economic unease Canadian consumers are planning to spend 10% less this holiday season than the year prior, according to PwC’s 2025 holiday outlook report.
09 October 2025
United Kingdom

Deloitte conducts review into WH Smiths accounting error WH Smith has tasked Deloitte with undertaking a probe of its books, after an accounting error wiped around £30 million from its expected annual trading profit in North America.
29 August 2025
Canada

Cost savings still trump buying local, finds PwC report Although Canadians express a willingness to buy locally produced food, most will still choose a lower-priced imported product, according to a recent PwC report.
08 July 2025
Europe

Navigating the Margin Growth Paradox: Balancing profit and planet As an economic crunch meets the need for green transformation, commercial directors and pricing leaders are facing a crucial dilemma: How can companies optimize pricing while sticking to sustainabili
04 March 2025
Middle East

Middle East eyewear retailers Magrabi and Rivoli merge Gulf eyewear companies Magrabi and Rivoli have announced their merger, creating an eyewear retail business with more than 290 locations in seven Middle Eastern markets. PwC advised Rivoli during the transaction process.
24 September 2024
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

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