Ernst & Young news and archive

Brands must be agile to keep up with a changing consumer

Gauging consumer sentiment during “regular” times is difficult enough, but during a crisis its challenges are augmented. Companies need to adapt to manage the now and tomorrow in ever-changing circumstances. The coronavirus has upended businesses and economies but also changed consumer behaviour, and not just because of lockdowns or the...

Retail

Luxury market continues to be bullish at 7 percent growth

Bain & Company has revealed a 7 percent growth of the global luxury market in constant currencies for 2018 at the Vogue Fashion Festival. Personal luxury items have yielded around 280 billion Euros worth of global revenue in the year. Despite earlier shockwaves to luxury stock prices ignited by daigou crackdowns in China, the global luxury...

Fashion

Internaçionale rescued by pre-pack deal

More than 1,500 jobs have been safeguarded at collapsed value fashion retailer Internaçionale after it was sold as part of a pre-pack deal by the administrators. The chain, which has 132 stores across England, Wales, Scotland, Northern Ireland and Isle of Man, fell into administration last week with Thomas Andrew Jack and Samuel James Woodward...

Fashion

UK retailers to face a bleak decade

Ernst & Young Item Club predicts retailers will have to fight for shoppers' disposable cash for the coming ten years as household incomes will be mainly addressed to pay off debts. Spending on clothes and shoes is expected to recover in 2012. Shops outside London will fare especially badly, according to the analysis from Ernst & Young’s Item...