BDO’s Fall 2016 Consumer Business Compass Newsletter

Our fall 2016 Consumer Business Compass newsletter is out now! Continue reading

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Preventing Finances from Spoiling When a Food Recall Hits

Food contamination and recall issues are becoming more commonplace, and the scale of the problem is growing, affecting some of the biggest names in consumer product goods. General Mills, for instance, recently recalled 45 million pounds of flour due to an E. Coli outbreak. Food contamination issues forced numerous other major food manufacturers, such as ConAgra and CRF Frozen Foods, to issue national recalls this year as well.

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Retailers Soar on Back-To-School

Preliminary back-to-school results are in, and consumers have been busy. Total spending on back-to-school items is expected to reach $75.8 billion this year, a 10 percent gain from 2015, according to The National Retail Federation. Sales are expected to grow 9.6 percent in the K-12 segment alone, and spending on college supplies is expected to average $907, up 12 percent from 2015. Continue reading

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Augmenting a Social Media Advertising Strategy for Retailers

The new retail advertising has taken the catalog social–and made it actionable with a click. In the last year, we’ve seen the introduction of “shoppable” social media options, like the Twitter “Buy Now” button and Pinterest’s buyable pins–moving beyond promoted accounts and posts to customer experiences. Instagram and Snapchat also introduced “Stories” features and Pinterest launched promoted videos – all of which promote visual and strategic storytelling.

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The Role of PE and Strategics in Retail M&A

Wal-Mart’s recent acquisition of e-tailer Jet.com, following the Hudson’s Bay Co.-Gilt Groupe and Bed Bath and Beyond-One Kings Lane deals earlier this year, illustrate a trend in the retail M&A market: Strategic acquisitions are coming to the forefront.

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Luxury Retail in the Digital Age: The Generational Gap

In a recent post, I examined luxury retail in the digital age. Specifically, I discussed strategies for luxury retailers to differentiate themselves as the segment moves from brick-and-mortar to e-commerce. What’s clear is that though luxury retail tends to be viewed as a more traditional segment of the industry, e-commerce is what’s keeping it alive. As the consumer trends digitally, so do retailers.

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Millennials – A New Generation of Shoppers

Getting into the consumer mindset has often challenged retailers, and this has proven to be of even greater difficulty with the rise of the millennial shopper, or those aged 16 to 34. By 2025, millennials are projected to make up 44 percent of the workforce and spend a combined $10 trillion in their lifetime, and will soon be majority spenders in the retail market.

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Oracle Micros Systems Data Breach Compromises Retailers’ Point-of-Sale Systems

Oracle confirmed a malware attack on its MICROS point-of-sale business via its customer support portal. Hackers with ties to the Carbanak Gang, a Russian cybercrime syndicate, used malicious code to steal MICROS customer login credentials when customers accessed the support web portal.

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Amazon Sees Five Straight Quarters of Growth

Last week, Amazon revealed a stellar fifth straight quarter of growth. The e-commerce giant’s earnings per share increased to $1.78 from $1.07 and beat the consensus forecast by a whopping $0.64/share. According to the company, it closed Q2 earning a record-setting $857 million or $30.4 billion in total revenue and overtaking Exxon as the fourth most valuable US company.

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Retail IPOs Set to Improve?

Just this week, the National Retail Federation raised its 2016 retail sales forecast to a year-over-year increase of 3.4 percent from the previous forecast of 3.1 percent growth, influenced by expectations that consumer spending will remain solid throughout the end of the year. Additionally, the NRF expects online and other non-store sales to increase between 7 percent and 10 percent year-over-year, up from the previous forecast increase of 6 percent to 9 percent. Will this positive sentiment also bleed into the retail IPO market?

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