Last week, our BDO team attended the 2014 Texas A&M Retailing Summit, where we enjoyed a fantastic few days connecting with industry colleagues and attending several insightful sessions on the most impactful trends currently shaping the industry.
While at the event, my colleague Bob Snape, President of BDO Capital Advisors, and I presented on the topic of strategic growth opportunities and M&A activity in the retail sector. Not surprisingly, strategic growth was one of the most popular topics that surfaced again and again during breakout sessions, presentations and conversations that we were having with fellow attendees. While Al Ferrara and Rick Schreiber wrote a post last month on M&A activity and projections for the months ahead, our presentation from the TAMU Retailing Summit provides a supplemental, in-depth overview of top-line trends and financial market conditions. We invite you to view the presentation below, and encourage you to reach out with any questions in the comments section or via email. You can also reach me at firstname.lastname@example.org. Continue reading
Retailers have woken up. Over the past 12 months, a surge in large-scale data breaches and new threats targeting web-based platforms and point-of-sale systems have thrust the issue of cybersecurity into center stage. From Target, to Neiman Marcus, to eBay—and most recently, Supervalu—major corporations have been left reeling from the aftershocks of pervasive and costly breaches that have compromised their operations, their customers’ trust and their bottom lines. Continue reading
As the third quarter comes to a close and we look ahead to the final stretch of 2014, we wanted to provide a quick recap of the past three months. Since July, we’ve focused on the ways in which retailers are adapting to shifts in consumer preferences and strategies companies are employing to keep pace with the rapidly evolving retail landscape. Stay tuned in the weeks and months ahead for posts on millennial shopping habits and retail executive pay trends. Also, stay tuned in the coming weeks for insights into this year’s holiday shopping season as we release preliminary findings from our 2014 Retail Compass Survey of CMOs. Continue reading
Flash sale sites, which feature discounted luxury items from high-end retailers for hours or days at a time, peaked during the recession, when price-conscious consumers curtailed their spending, and designers and manufacturers were left with surpluses. During these difficult times, flash sale sites provided an elegant solution to connect deal-hungry buyers with the glut of luxury inventory. However, as the economy has continued to improve, consumer spending is again on the rise, and the flash sale market is primed for considerable change. Continue reading
Earlier this month, we had the pleasure of attending and sponsoring the annual FaegreBD Franchising Summit. While slowed consumer spending and a lively national debate around minimum wage rates and unionization have made for a challenging climate, franchising leaders are resilient and committed to the business model. Continue reading
Congress has shelved and unshelved the proposed Marketplace Fairness Act for years now. The act, which the House passed in July and is expected to hit the Senate floor this September, focuses on enacting legislation that would allow states to collect the sales and use tax from Internet or remote sellers. At the most basic level, the act would levy a tax on online purchases. Continue reading