It may very well be another lively year for deal activity in the U.S. retail sector. According to the latest data from our 2014 Retail Compass Survey of CFOs, most retail CFOs expect 2014 to bring more deals, or at least remain on par with last year. Continue reading
Over at Commercial Property Executive, Jerry Shapiro of BDO Consulting takes a closer look at the current state of retail real estate investment trusts in relation to the most forceful trends currently shaping the retail industry overall. Jerry can be reached at firstname.lastname@example.org.
The retail REIT sector has the right framework in place for success: interest rates remain attractive in the first quarter of 2014, despite the Federal Reserve Bank’s commitment to quantitative easing, capital is accessible, and retail vacancy rates remain largely unchanged. Beyond the surface, however, general shifts in the retail industry will likely be the driving force behind retail REIT performance this year. While retail isn’t going to die and positive indicators have been forecasted, brick-and-mortar stores continue to suffer in the wake of the economic crisis and the continuing inroads of e-commerce. Continue reading on Commercial Property Executive.
Despite ongoing market uncertainty, retail chief financial officers are feeling more confident about the state of the consumer. According to this year’s BDO Retail Compass Survey of CFOs, retailers forecast a 5.1 percent increase in total sales and a 4.8 percent increase in comparable store sales this year, marking a significant increase from the number expressing similar sentiments last year, and confirming our readers’ expectations. Continue reading
Last week, we asked our readers to weigh in and share their expectations surrounding our eighth annual Retail Compass Survey of CFOs. Now, in anticipation of the first round of CFO Survey results coming out soon, we’d like to share with you the results from the reader survey.
Overall, our readers displayed a tempered optimism surrounding 2014 sales projections, likely a reflection of 2013’s modest sales growth and solid year-end progress in the labor and housing markets. Their optimism is also likely a result of increased consumer confidence. According to the Conference Board, confidence levels have recovered to 80.7 over the last few months—their highest mark since August 2013. Our readers, too, overwhelmingly expressed expectations of sustained consumer confidence, with only 13 percent believing it will decline overall. Financial market volatility was the most-cited threat that they perceived looking forward, likely reflecting market fluctuations over the past two weeks. Continue reading
After a modest holiday season, retailers are looking to read the tea leaves for the year ahead. Though economic uncertainty persists, there are some signs that the industry may have reason to feel optimistic in the coming year: Consumer confidence rose in December, and the economy grew at a rate of 4.1 percent in the third quarter of 2013.
We’re currently polling 100 retail CFOs for our annual Retail Compass Survey of CFOs to gauge their expectations for 2014. How do you think they’ll feel? Continue reading
By most accounts, 2013 was a banner year for IPOs. According to Renaissance Capital, a total of 222 companies went public in 2013, marking the best year for the IPO market since 2000. As we predicted, the retail and consumer products industry was a high point for offerings, accounting for 19 offerings and $8.3 billion in proceeds. This marked a notable increase from the number of offerings seen in 2012 (15) and2011 (12), according to Renaissance Capital. Continue reading
“Omnichannel” became a retail buzzword in 2013, and for good reason. This past year saw retailers making a broad, concerted effort to provide the most accessible and personalized buyer experience for their customers. As a result, they increasingly ditched siloed business strategies, choosing instead to adopt and integrate multiple platforms to attract and engage consumers.
Creating a solid omnichannel strategy requires not only a careful understanding of big logistical challenges, but also a prudent eye to emerging technologies and opportunities. As our team looks ahead to 2014, here are the top five omnichannel challenges we foresee: Continue reading
The holiday shopping season is now behind us, and retailers are reflecting on the year that was and what we might expect in the coming year. After 2012 provided the industry with considerable stabilization and growth, 2013 delivered only light, stagnant gains. As I recently noted in Retail TouchPoints’ 2014 Outlook Guide, stubbornly slow growth in income and employment led to caution among consumers throughout 2013. The result? Retailers are looking to usher in a fresh start to what is hopefully a more profitable New Year for the industry. Continue reading
As we head into 2014, we wanted to wish all of our readers a very happy holiday season and a prosperous New Year.
Here’s a look back at our top posts of the year, in case you missed them: Continue reading