Deloitte news and archive

UK retail sales edge up as fashion outperforms in a subdued Golden Quarter

UK retail sales painted a nuanced picture in November as the Office for National Statistics data showed modest resilience beneath a soft monthly headline. While total sales volumes dipped slightly over the month, fashion and non food categories continued to hold steady, reinforcing the sense of selective rather than broad based consumer spending...

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Retail

Why Britain’s busy Christmas shopping season hides a more cautious consumer

Visit any high street in the run-up to Christmas and you’d be forgiven for thinking the downturn never arrived. Shops are packed, tills are ringing and there is a genuine sense of seasonal joy in the air. But beneath the bustle, UK consumers are making far more calculated decisions than the crowds might suggest. According to new Deloitte...

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Fashion

Deloitte study: “Half of all consumers have no favourite brand”

In a global environment of uncertainty and mistrust, brands nevertheless remain an important point of reference. Over the past five years, trust in domestic companies has increased for 43.1 percent of respondents, a rise of 28.6 percent. Trust in small, niche brands grew by 29.2 percent for 39 percent of respondents. Large brands also saw an...

Fashion

Swiss watch industry should find time for India, says Deloitte

India and Mexico could become new drivers of growth for the Swiss watch industry, which has been clobbered by US tariffs and slumping demand in China, top audit firm Deloitte said Wednesday. The emblematic Swiss industry "is navigating one of the most complex periods in recent memory", the professional services giant said in the 11th Deloitte...

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Business

Deloitte: Despite import tariffs, 90 percent of investors remain active in fashion and luxury

According to Deloitte’s ‘Fashion & Luxury Private Equity and Investors Survey 2025’ report, 90 percent of investors remain active in the fashion and luxury sector. This is despite eight out of ten respondents expecting import tariffs to negatively impact the market. North America (35 percent), Europe (33 percent) and Asia (29 percent) are seen...

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Business

Accompanying report helps navigate new GFA Fashion Impact Toolkit

A new Fashion Impact Toolkit, presented by the Global Fashion Agenda (GFA) and Deloitte at the Global Fashion Summit in June, wants to share a meaningful inventory of industry impacts for guidance on strategy assessment. But how to use it? And what are some of the key findings from the impact inventory? An accompanying report, published...

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Business

Global Fashion Agenda and Deloitte launch new open-source Fashion Impact Toolkit

An new open-source and free to use toolkit has been developed by the Global Fashion Agenda (GFA) and Deloitte to share a meaningful inventory of industry impacts for guidance on strategy assessment. It keeps fashion sustainability teams in mind to help them understand, measure and leverage large amounts of data to drive positive change,...

Fashion Partner Content

Deloitte Global and Global Fashion Agenda Collaborate to Help Promote Sustainability in Fashion

We are pleased to announce that Global Fashion Agenda (GFA) and Deloitte Global have established a strategic Knowledge Collaboration – to help set the global agenda on sustainability in fashion, raise awareness, educate, convene, and foster innovation. Through the partnership, the organisations will aim to accelerate action to transform the...

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Business

Pre-owned watch market normalises after the speculative boom

Zurich – The frenzied demand for pre-owned watches has subsided, but the market continues to organise itself and grow faster than that of new watches, according to a study published on Thursday by Deloitte. The pre-owned watch market had accelerated in the wake of the Covid-19 pandemic before experiencing a sharp reversal, but remains poised for...

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Business

Deloitte under investigation for handling of Joules audit

The Financial Reporting Council (FRC) in the UK has begun an investigation into the audit conducted by Deloitte of the consolidated financial statements of Joules Group for the year ended May 30, 2021. The investigation, which will be conducted by the FRC’s Enforcement Division, was decided upon during a meeting of the organisation’s Conduct...

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Fashion |Technology

Deloitte helps brands deliver metaverse experiences

Global audit and advisory firm Deloitte has launched an immersive experience platform in partnership with technology provider Vatom. The two companies have created a tangible experience to enable brands (and other businesses) to build virtual spaces for their customers, partners and employees. In essence, they have made the Metaverse accessible....

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Fashion

Gen Z driving the second-hand luxury watch market

Swiss watches are in high demand these days, but sales of second-hand timepieces are also booming, driven by Generation Z buyers who want luxury goods but are also sustainability-minded. The global second-hand watch market is estimated at nearly 20 billion Swiss francs (21.7 billion dollars) and could reach 35 billion francs by 2030, according...