Accenture news and archive

UK retail sales rise in May, clothing retailers welcome rebound

One day on from the report that inflation had finally hit Bank of England’s target, dropping to 2 percent, there appears to be more good news on the horizon for UK retailers. New figures by the Office for National Statistics (ONS) have shown that retail sales volumes rose by 2.9 percent in May following a slight 1.8 percent drop in April....

RetailFeatured

Social media shopping to hit 1.2 trillion US dollars by 2025

Global social commerce, shopping via social media platforms, is going to grow three times as fast as traditional e-commerce from, 492 billion to 1.2 trillion US dollars by 2025, according to a new report from Accenture. Today, 10 percent of all e-commerce spending is done via social commerce, and in the next three years, this number is expected...

Business|Interview Featured

Fashion sourcing expert: “All supply chain challenges are colliding with a model that leaves little room for deviation”

Global supply chains are in turmoil, and it’s hurting fashion companies. Nike missed analysts' expectations in its latest financial results because of supply bottlenecks, and Puma and Adidas are talking about similar problems. Where are the current disruptions happening and what can fashion companies do in the short and long term to optimize...

FashionPress ReleasePartner Content

Steps to Reopening Retail

As retail emerges from crisis mode and prepares to reset, there are many steps retailers can take now to prepare for the fast-evolving future. Jill Standish, Senior Managing Director and Global Head of Accenture’s Retail practice, shares actionable strategies for outmaneuvering the uncertainty that lies ahead. How can retailers best support...

BusinessPress Release

CFDA aiding the American fashion industry in times of COVID-19

During the COVID-19 pandemic, small and independent retail businesses are amongst some of the most vulnerable. The Council of Fashion Designers America (CFDA) have been doing their part to provide those in need with the crucial information and resources needed at this time to aid with concerns of financial and job security. The CFDA has been...

RetailFeatured

Brick-and-mortar continues to play a role in holiday shopping, survey confirms

Consumers expect to complete half of their shopping for the 2019 holiday season in a physical store, whether standalone or in a mall. A new study conducted by Accenture surveyed 1,500 U.S. consumers, determining that stores play an important role for gift shopping, particularly when searching for ideas. Even more surprisingly, the survey...

Fashion

Accenture to partner New York Fashion Tech Lab for 2018

Accenture has signed on as a partner for the 2018 programme of the New York Fashion Tech Lab, which aims to help grow women-led emerging tech companies at the intersection of fashion, retail and technology. Founded in 2014 by Springboard Enterprises with the support of major fashion retailers and brands, the initiative features an annual 12-week...

RetailFeatured

Gen Z look to visual social platforms for purchasing

Young consumers are switching the majority of purchases to retailers that provide the newest digital tools and channels, according to new research by Accenture. If retailers want to attract purchases and brand loyalty from Generation Z consumers they will need to step up their focus on new ways of engagement said the research firm. Gen Z are...

Fashion

CFDA and Accenture form innovation scheme

The Council of Fashion Designers of America (CFDA) is forming an innovative collaboration with global professional services company, Accenture to help shape how the fashion industry integrates technology and consumer insights into its business practices. The CFDA Retail Lab will create talent-development schemes for today’s designers and...

Retail

Uniqlo owner pushing forward with digital innovation

London - Fast Retailing, the Japanese company which owns retailers Uniqlo, J Brand, Theory, Comptoir des Cotonniers and Princess Tam-Tam, is teaming up with consultancy and technology services company Accenture to push forward with its goals of creating digital innovation in customer service for the retail industry. The global partnership will...

Fashion

The necessity of an online store

Dutch fashion label Mexx recently closed down its online store and believes that it will be able to survive one year without a digital store. Mexx believes that it is better to have nothing, than to have a poorly functioning online store. "We would rather take some time off and return with an amazing online platform, then continue to let...