PWC news and archive

New report unveils gender disparities in Italian fashion manufacturing industry

Non-profit Global Fashion Agenda and accountancy firm PwC Italy have published a preliminary research report that provides a detailed assessment of pay disparities in the Italian fashion sector. Titled “Unpacking Pay Equity in Fashion: Italy”, the report was developed with support from the Italian fashion association Camera Nazionale della Moda...

Business

Superdry reportedly calls in PwC to oversee debt-raising options

Fashion retailer Superdry is understood to have appointed accountancy firm PricewaterhouseCoopers (PwC) to advise on debt-raising options weeks after it issued a profit warning. The London-listed company is believed to have tasked PwC with advising on its finances, according to sources for Sky News, in light of its latest pre-Christmas trading...

Business

THG Ingenuity partners with PwC to bolster e-commerce capabilities

THG Ingenuity, the technology services division of British fashion and beauty retail group THG, has announced a partnership with international professional services firm PwC to bolster digital commerce. As part of the deal, “PwC will lead on the business strategy, research, and design of the brand web stores, and Ingenuity will provide the...

RetailFeatured

UK store closures are at slowest rate since 2021, according to new report

A new report has found that store closures in the UK are currently at their slowest rate since 2014, with net closures also at their lowest level in five years. Latest figures by PwC, developed alongside the Local Data company, found that in 2022 a total of 11,530 chain outlets exited UK high streets, shopping centres and retail parks, a drop on...

Business

PwC analysis: how the metaverse is changing retail and consumer goods industry

Accounting and consulting firm PwC has analysed the impact of the metaverse on the retail and consumer goods industry. After all, the market volume of metaverse-related technologies was around 48 billion US dollars (around 40 billion pounds) in 2020 and is expected to grow at an annual rate of 43 percent until 2025. Retailers and manufacturers...

BusinessFeatured

Seasalt reports “record” Christmas sales

Cornish fashion and lifestyle brand Seasalt stores enjoyed a “record” Christmas trading period for the five weeks to January 1, 2022, with overall store revenue up 81 percent on the same period last year and “up slightly” from 2019. Total sales across online, stores and through marketplace partners were up 20 percent, compared to 2020, and up by...

Business

Boohoo launches search for new auditor after PwC steps down

British online fashion retailer Boohoo is on the search for a new auditor after confirming PwC has stepped down. The fashion group said PwC, which has been the company’s auditor since 2014, has already signed an unqualified opinion on the group's 2020 financial statements, but will not continue the role moving forward. Boohoo’s audit committee...

Fashion Featured

New report reveals everything you need to know about the streetwear market

Hypebeast, the streetwear-focused online publication, has joined forces with PriceWaterhouseCoopers (PwC) in a report offering a comprehensive overview of the streetwear market. The duo surveyed nearly 41,000 streetwear consumers around the world to learn more about their spending habits and best-selling products. They also interviewed experts...

BusinessFeatured

Why is it so hard for women to become CEOs in fashion companies?

Almost 80 percent of students at the world’s leading fashion schools are women. At apparel stores, nearly 75 percent of the workforce is female and they’re usually serving female customers, as women make about 80 percent of fashion-related purchasing decisions. Yet, only 12.5 percent of the apparel companies on the Fortune 1000 list are led by...

Retail

Many Indians still prefer in-store shopping, says Dyn

While e-commerce is treated like a tide that has had a negative impact on physical retail, a new study on e-commerce by US-based internet performance management company Dyn says that while a majority of Indians who shop online see the online buying experience to be better than the in-store experience, a significant number still value the...

Fashion

Deals lure Indians to buy apparel online

Nearly 50 percent of apparel consumers who buy online in India, do it to get better deals and variety, proving that digital channels are now an integral part of the shopping experience. Bollywood continues to set fashion standards with nearly 40 percent consumers looking to famous celebs for purchase decisions. Nearly 25 percent consumers...