Menzies

NOVEMBER 23, 2023

Overview: Investment in changes to retail payments with own legislation to prevent fraud Simplification and digitalisation of ISAs Legislation of open banking Download our full Autumn Statement report 2023 How will the government commit to growing the retail payments sector?

chartered accountant 52

chartered accountant Government Retail accounting firms 52

PYMNTS

AUGUST 17, 2020

The department store sector had mixed news last week, with Dillard’s displaying signs of recovery and a new report showing a reversal of some of the positive trends that had led to a measured optimistic outlook. 90%: Share of its retail square footage that Dillard’s owns. 34%: Q2 growth rate of Farfetch’s digital platform YOY.

Retail 64

Retail Maine 64

CPA Practice

OCTOBER 2, 2023

As incidents of retail crime continue to escalate throughout the country, retailers have seen a dramatic jump in financial losses associated with theft. When taken as a percentage of total retail sales in 2022, “retail shrink” accounted for $112.1 Shrink percentages can vary significantly by retail sector.

Retail 116

Retail New York payroll Sales 116

CPA Practice

JULY 24, 2023

Retail sales continued to rise in June even as employment grew more slowly, the National Retail Federation announced this week. June retail sales confirm that while the economy may be cooling, consumers remain on solid footing and are spending on household priorities,” NRF President and CEO Matthew Shay said. from May and up 1.5%

Sales 96

Sales Retail Sports 96

Menzies

NOVEMBER 9, 2023

A Vision for a Sustainable Future: Overhauling UK Retail Policies We are proposing essential recommendations to the UK government in preparation for the upcoming Autumn statement. This would exert significant inflationary pressure on the industry, inevitably leading to some impact on shop prices.

Retail 59

Retail chartered accountant Government Tax 59

CPA Practice

OCTOBER 18, 2023

Retail sales continued to grow in September even as consumers faced continuing economic pressures, according to the National Retail Federation. Retailers have been hard at work getting holiday inventories in place to provide consumers with great products, competitive prices and convenience at every opportunity.” “The

Sales 111

Sales Retail Sports payroll 111

Menzies

FEBRUARY 14, 2024

Martin Hamilton highlights what we could expect from the Chancellor’s Spring Budget 2024 this year, and what could benefit the Manufacturing sector. We foresee that this modification in policy will not only strengthen assistance for those in need but also motivate retailers to actively engage in community welfare initiatives.

Retail 59

Retail chartered accountant Manufacturing Tax 59

CPA Practice

OCTOBER 17, 2023

Retail sales continued to grow in September even as consumers faced continuing economic pressures, according to the National Retail Federation. Retailers have been hard at work getting holiday inventories in place to provide consumers with great products, competitive prices and convenience at every opportunity.” “The

Sales 106

Sales Retail Sports payroll 106

CPA Practice

MARCH 18, 2024

The retail industry supported 55 million full-time and part-time jobs in 2022, accounting for 26% of total U.S. employment, according to a new report released today by the National Retail Federation. Retail Industry examines the direct, indirect and induced contribution of the retail industry to the U.S.

Retail 52

Retail Georgia Florida Texas 52

Accounting Insight

SEPTEMBER 16, 2022

Alongside new contracts, margin pressure is also determining service sector investment, with technology and automation seen as priority for 24% of firms, whilst planned investments in green and sustainability initiatives saw the biggest quarterly drop, from 21% to 10%. Confidence is at the lowest point since we launched the survey.

accounting and finance 59

accounting and finance Finance Technology Manufacturing 59

PYMNTS

APRIL 1, 2016

And, it is not just the energy sector that is seeing heavier job cuts. “Layoff announcements have increased significantly in the retail sector and computer sector, as well. While it may be too early to sound the alarm bells, the upward trend outside of the energy sector is somewhat worrisome.”

Retail 44

Retail 44

CPA Practice

FEBRUARY 15, 2023

Retail sales bounced back strongly in January as inflation eased and income grew, according to a new report from the National Retail Federation. Census Bureau reported that overall retail sales in January were up 3% from December and up 6.4% Total 2022 retail sales as calculated by NRF grew 7% to $4.9 year over year.

Sales 59

Sales Retail Sports Technology 59

CPA Practice

SEPTEMBER 28, 2023

As incidents of retail crime continue to escalate throughout the country, retailers have seen a dramatic jump in financial losses associated with theft. When taken as a percentage of total retail sales in 2022, “retail shrink” accounted for $112.1 Shrink percentages can vary significantly by retail sector.

Retail 59

Retail New York payroll Sales 59

Accounting Insight

JANUARY 5, 2024

While technology topped the list once again, Lightyear saw increased portfolio diversification across other sectors in 2023 with more customer assets invested in instruments across the consumer cyclical sector (discretionary items consumers can afford to buy more of during a booming economy) and services (finance, insurance and more) than 2022.

Retail 59

Retail accounting and finance Healthcare Technology 59

PYMNTS

JANUARY 18, 2021

Every year for the last 110 years , members of the retail trade group, known as the National Retail Federation (NRF), have assembled to discuss the slate of issues pertinent to its members. COVID-19, of course, didn’t cause physical retail’s steep decline — it just accelerated it. Retail is now about logistics and the last mile.

Retail 123

Retail Sales Maine Start-ups 123

PYMNTS

SEPTEMBER 24, 2020

retail sales grew in September at their fastest rate in 18 months, Yahoo! The CBI surveys 123 companies, including 56 retailers. that “the data highlights that there have been clear winners and losers within the retail sector as spending habits have changed.” Retail employment in the U.K. As the U.K.’s The result?

Sales 101

Sales Retail Finance 101

PYMNTS

DECEMBER 9, 2020

The coronavirus pandemic has changed how the world conducts business, with capacity restrictions spelling the end to walk-in traffic for many restaurants, service providers and retailers. The PYMNTS Mobile-Order Ahead Tracker revealed that almost 50 million Americans anticipate tapping into food delivery apps next year.

Wyoming 113

Wyoming Retail Sales Technology 113

CPA Practice

FEBRUARY 6, 2023

A recession is unlikely and the economy is expected to see slight growth in 2023 as consumers continue to cope with inflation and high interest rates, National Retail Federation Chief Economist Jack Kleinhenz said today. “A Overall retail sales dropped 1.1% Overall retail sales dropped 1.1% While consumer spending grew 2.8%

Retail 85

Retail Sales Technology 85

PYMNTS

APRIL 21, 2020

The retail bankruptcy watch intensified Tuesday (April 21) as the department store sector was hit by reports of yet another major player looking at that option. Lord & Taylor, now joining Neiman Marcus, is considering a bankruptcy filing as the COVID-19 lockdown continues to decimate non-essential retail. billion in sales.

Retail 88

Retail Real Estate Washington Finance 88

PYMNTS

JULY 17, 2020

fashion industry is asking for government support for the sector amid the pandemic. The group notes that it is difficult to maintain retail business with “the commercial value of leases and cost of business rates,” with nearly no travel and forecasted long-term limited traffic. A trade group for the U.K.

Government 57

Government Retail 57

PYMNTS

MARCH 14, 2017

The report notes that the increasing popularity of mobile wallet payments, such as Apple Pay and Samsung Pay, will only serve to boost the mobile POS industry, especially in the retail sector.

Retail 65

Retail Entertainment Hospitality Healthcare 65

PYMNTS

AUGUST 14, 2020

The department store segment had mixed news this week, as Dillard’s showed signs of recovery but a new report showed a reversal of some of the positive foot traffic and sales trends that had led to a guardedly optimistic outlook for the sector. Total retail sales decreased approximately 35 percent for its second quarter. million (29.8

Arizona 70

Arizona Florida Texas Retail 70

PYMNTS

NOVEMBER 13, 2020

The beleaguered sector, which has produced bankruptcies more than success stories, was redeemed by Dillard’s as it rode impressive cost controls and inventory management to post a profit. The retailer owns 244 of its stores, giving it the advantage of appreciation rather than degradation of its store assets.

Real Estate 71

Real Estate Sales Retail 71

CPA Practice

JANUARY 18, 2023

Retail sales during 2022’s November-December holiday season grew 5.3% billion, falling short of the National Retail Federation’s forecast amid continuing inflation and high interest rates, NRF says. For December alone, retail sales as defined by NRF were down 0.6% over 2021 to $936.3 The holiday results top the $889.3

Sales 64

Sales Retail Sports 64

CPA Practice

MAY 16, 2023

Retail sales bounced back in April, showing both month-over-month and year-over-year growth, the National Retail Federation said today. Retail sales rebounded in April, reflecting consumer resilience in the face of elevated economic uncertainty,” NRF President and CEO Matthew Shay said. from March and up 1.6% year over year.

Sales 52

Sales Retail Sports 52

CPA Practice

APRIL 3, 2023

The National Retail Federation has issued its annual forecast, anticipating that retail sales will grow between 4% and 6% in 2023. In total, NRF projects that retail sales will reach between $5.13 While we expect growth to moderate in the year ahead, it will remain positive as retail sales stabilize to more historical levels.

Sales 52

Sales Retail Account accountant 52

Menzies

DECEMBER 19, 2022

It goes without saying that Christmas is one of the busiest times of the year for the retail industry, and many businesses have already turned their focus to how to make this year’s festive season more profitable than ever. Find out more about Menzies retail and wholesale sector advisory services.

Gaming 52

Gaming Retail chartered accountant Start-ups 52

PYMNTS

NOVEMBER 10, 2020

The David’s Bridal application was built by Vertebrae , a tech company that specializes in bringing real-world applications to retailing. Vince Cacace , CEO of Vertebrae, told PYMNTS that AR in 3D has become a high-demand technology for all kinds of products and retailers. “We How does it work on me? How does it work in my space?

Technology 104

Technology Retail Sports Sales 104

PYMNTS

SEPTEMBER 7, 2020

4) jobs report brought good news to the nation’s retail sector as it added nearly one quarter of a million jobs in August. It’s encouraging to see retailers bring back these jobs,” Sonia Lapinsky, a managing director at AlixPartners, the Michigan-based consulting firm, told the newspaper. Last Friday’s (Sept. million of the 2.4

Retail 71

Retail Michigan Virginia New York 71

AccountingDepartment

APRIL 11, 2024

As small and medium-sized businesses undergo rapid expansion and growth, they are often faced with a myriad of sales tax challenges, particularly within the retail and e-commerce sectors.

E-commerce 84

E-commerce Tax Sales Retail 84

PYMNTS

AUGUST 6, 2020

Real estate trends for retailers are back in the news this week, as the pandemic-driven brick-and-mortar market starts to produce new business models and a fair amount of stability. The new business model involves leasing options for the retail sector. retail portfolio valued at $5.9 Example: One of the U.K.’s

Real Estate 61

Real Estate Retail Legal New York 61

PYMNTS

JUNE 17, 2020

The dramatic consumer shift to Digital 3.0 — predicted months ago by the PYMNTS COVID-19 tracker work — is accounting for almost half of the retail growth in the US. It found that eCommerce growth as of May 1 was up 68 percent, surpassing 40 percent of total retail sales. Overall Chinese retail sales of consumer goods dropped 2.8

Retail 92

Retail E-commerce Sales Account 92

PYMNTS

JULY 24, 2020

Britain’s stores have become the envy of the retail world. Reuters reports retail sales returned to near pre-COVID-19 lockdown levels last month when so-called non-essential stores in England reopened. Combined clothing and footwear sales swelled by 70 percent as retailers put the recent slump in the rear view mirror.

Retail 75

Retail Non-Profits Sales Government 75

PYMNTS

JUNE 26, 2020

McNicoll said the quick gains aren’t surprising, as physical retail stores essentially closed down worldwide for months. For example, McNicoll said a luggage company that Payoneer works with is using the current slow period to diversify its product line to become less vulnerable to future market swings in the travel sector.

Retail 127

Retail Gaming Finance Start-ups 127

PYMNTS

JULY 17, 2020

retail and economic recovery is still facing serious headwinds. retail sales, which exceeded forecasts in June. Retail spending increased 7.5 What was not clear was the effect stimulus funds made on retail spend. But the May and June spikes returned retail sales levels to pre-pandemic numbers. percent hit.

Retail 63

Retail Washington payroll Sales 63

PYMNTS

MARCH 12, 2020

For retailers looking at stockouts, empty stores and the worst still to come, talk of recovery might seem premature. Retailers should first understand that the most stress is likely being placed on front-line employees and, if applicable, customer service reps. “All things must pass,” as George Harrison said.

Retail 52

Retail Real Estate Healthcare Transportation 52

PYMNTS

JUNE 8, 2020

As evidenced by last week’s PYMNTS’ card on file report , consumers are ready and willing to keep their data with retailers, both online and offline, in exchange for frictionless experiences. It was the third straight month of expansion in a sector that has stepped up hiring even as much of the U.S. economy shut down in April and May.

Retail 67

Retail Gaming Sports 67