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Retail Community

Stay up to date with the latest developments in the retail industry. This community is for finance professionals working in, or advising clients in, either the physical or online retail sector.

Industry trends and statistics

Trends, insights and statistics in retail

Discover the latest predictions for the future of the retail industry along with insights into what has been happening. Find out how Brexit is affecting the retail sector.

Retail 2025

Six years is a long time in any industry, although with the fortunes of retailers being so intrinsically linked to the slightest deviations to the economy, consumer confidence, advancements in technology, political legislation and societal changes, 2025 will almost certainly bring with it a very different retail industry than we see today.

Retail and Leisure Market Analysis 2018

This report uses the Local Data Company’s extensive data of over 650,000 premises to gain a deep understanding of the complex and rapidly developing trends across the UK’s high streets, shopping centres and retail parks over the 12 months of 2018.

What now for retailers?

High Street exits remain at historic high as openings slump to lowest levels on record.

PwC 2019 Retail Outlook report

PwC forecast retail growth in 2019 will be about winning share. For more on how to win in this environment and predictions for retail in 2019, read on. This report accompanies the ICAEW Retail Community Webinar recorded in association with PwC (see "Featured items")

What is the true state of spend in retail versus other categories?

The latest KPMG/Ipsos Retail Think Tank (RTT) white paper explores the impact that any change in spend has had on retailers, and whether any shift in spend towards leisure operators is a key driver holding back the sector’s current stuttering performance.

Deloitte Retail Trends 2019

Annual Deloitte outlook on trends in retail sees an industry in transformation, with new channels driving growth as old channels decline.

Retail sales from the ONS

Information from the Office for National Statistics of sales by UK retailers. Includes spending on goods in store and online as well as spending on services.

Retailers in distress

With some high-profile businesses hitting the rocks, it’s time to take a fresh look at how to head off crisis.

Electrical retail industry

Guide to researching the electrical appliance retail industry. Quick links to trends, forecasts, market research, regulations, statistics and useful organisations.

Fashion industry

Guide to researching the fashion industry, including clothing and footwear manufacturing and retail. Quick links to trends, forecasts, market research, regulations, statistics and useful organisations.

Food retail industry

Guide to researching the food retail industry, including supermarkets and specialist stores. Quick links to trends, forecasts, market research, regulations, statistics and useful organisations.

Global Powers of Luxury Goods

Deloitte's 2018 review of the luxury goods industry as sales growth bottoms out, profit margins resilient under pressure, and M&A activity heats up.

Financial reporting

Accounting for leases (IFRS 16)

IFRS 16 Leases

IFRS 16 prescribes a single lessee accounting model that requires the recognition of asset and corresponding liability for most leases.

IFRS 16

The publication of IFRS 16 Leases has been demystified with the creation of an ICAEW guide.

Accounting of inventories (IAS 2)

IAS 2

The accounting standard IAS 2 sets out the accounting treatment for inventories and provides guidance on determining their cost.

IAS plus on IAS 2 - Inventories

Overview of IAS 2 provided by PwC, giving latest developments and overview, a summary of the standard and links to relevant resources.

Stock accounting valuation

Discussion on establishing a basis for estimating stock for the purposes of monthly management accounts.

Revenue recognition (IFRS 15)

Payments and the supply chain

Payments

Retail payment systems and payment costs

The Centre for Retail Research provides an overview of the payment systems used in retail and traces some of the problems that have been encountered.

The future of payments

The last five years have seen major shifts in how consumers pay for goods and services. With the internet and e-commerce (electronic commerce) continuing its meteoric rise, and smartphones offering a myriad of new ways to pay, businesses and their accounting partners have had to adapt to this new world of e-payments (Electronic Payments), as consumers continue to demand new ways to pay.

Cryptocurrencies and blockchain

Accounting for cryptocurrencies under FRS 102

The purpose of this technical helpsheet is to consider both the potential accounting treatments under FRS 102 and the presentation of cryptocurrencies within the financial statements. It should be noted that this is an emerging area and practice will no doubt evolve over time.

The future of cryptocurrencies

Proponents of cryptocurrency describe it as the future of payments. But, says Paul Golden, a number of important issues remain to be addressed before digital virtual currencies are fully embrace

Insolvency and restructuring

Insolvency

ICAEW is the largest insolvency regulator in the UK. We offer the opportunity for ICAEW Chartered Accountants and non-ICAEW members to qualify and be licensed as insolvency practitioners with us. We also offer a comprehensive programme of support for our current and future insolvency practitioners including membership to our Restructuring & Insolvency Community.

Company Voluntary Arrangements: An effective tool for business rescue?

This R3 and ICAEW sponsored research carried out by Professor Peter Walton and Dr Lezelle Jacobs of the University of Wolverhampton and Chris Umfreville of Aston University was published in May 2018. The research looks at the outcome of the 552 CVAs started in 2013 and makes eight key recommendations.

Tax

Business rates

Reforming property taxes for business – what are the options?

Taxing business properties form an important part of the tax base for many countries, but they are often complex and in an increasingly online world can be irrelevant to an organisation’s turnover. The time has come to overhaul business property tax systems and here ICAEW outlines the options.

VAT

VAT

Expert commentary and practical guidance from ICAEW related to VAT under the UK tax regime.

MTD and VAT

The first stage of HMRC's Making Tax Digital (MTD) programme focuses on VAT and imposes new requirements keeping on some VAT registered businesses and organisations from April 2019.

VAT Clothing

HMRC internal manual on determining the liability of supplies of clothing and footwear as written in Group 16, Schedule 8, VATA 1994. The guidance was produced for HMRC staff and 'should not be relied upon by businesses when calculating their taxes and/or duties'.

Industry press, eBooks, business guides and case law

The Library & Information Service provides a hand-picked collection of industry press articles as a benefit of ICAEW membership. If you are unable to access an article, please see our Online resources troubleshooting or contact library@icaew.com

 

What Primark is getting right, in 4 minutes

Three lessons retailers can learn from Primark's successful bricks-and-mortar expansion.

UK retail sales stay subdued amid Brexit fears

A downbeat picture of the UK retail sector has emerged from a recent Confederation of British Industry June-July 2019 survey.

Global luxury retail in the digital era

High-end brands are adapting their business models for a younger Millennial and Gen Z consumer base.

European retail real estate: successfully navigating a world in transition

A report on major trends currently impacting the fast-changing European retail real estate industry.

Terms of use: You are permitted to access articles subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.

The Library & Information Service provides a hand-picked collection of eBooks as a benefit of membership. If you are unable to access an eBook, please see our Help and support or contact library@icaew.com

Building a narrative

This chapter explains how to build a persuasive business story, with case studies from Uber, Ferrari, Amazon and Alibaba.

Big data in practice: how 45 successful companies used big data analytics to deliver extraordinary results

Offers an in-depth insight into how specific companies use big data.

Reliefs from import duty

This chapter covers the schemes which offer goods relief from EU customs duty.

Inscrutable shopper: consumer resistance in retail, The

Consumer behaviour from a US perspective.

Store design and visual merchandising: creating store space that encourages buying

Store design optimisation from a US perspective.

Competing in tough times: business lessons from L.L.Bean, Trader Joe's, Costco, and other world-class retailers

A guide to winning business strategies for retailers.

Terms of use: You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.

Business Opportunity Profiles

ICAEW members and ACA students have free online access to a selection of guides from the Complete Business Resource Advisor (COBRA) database covering a variety of small business sectors.

 

Baby Equipment Retailer

Profile of the current trading, legal and market issues for baby equipment retailers from Complete Business Resource Advisor (COBRA), an online reference source for anyone considering starting or advising a business in the UK.

Barber Shop

Profile of the current trading, legal and market issues for barber shops/male grooming salons from Complete Business Resource Advisor (COBRA), an online reference source for anyone considering starting or advising a business in the UK.

Bike Shop

Profile of the current trading, legal and market issues for bike shops from Complete Business Resource Advisor (COBRA), an online reference source for anyone considering starting or advising a business in the UK.

Café

Profile of the current trading, legal and market issues for Cafés from Complete Business Resource Advisor (COBRA), an online reference source for anyone considering starting or advising a business in the UK.

Coffee Shop

Profile of the current trading, legal and market issues for coffee shops from Complete Business Resource Advisor (COBRA), an online reference source for anyone considering starting or advising a business in the UK.

Computer Shop

Profile of the current trading, legal and market issues for computer shops from Complete Business Resource Advisor (COBRA), an online reference source for anyone considering starting or advising a business in the UK.

Farm Shop

Profile of the current trading, legal and market issues for farm shops from Complete Business Resource Advisor (COBRA), an online reference source for anyone considering starting or advising a business in the UK.

Fast Food Takeaway

Profile of the current trading, legal and market issues for fast food takeaway from Complete Business Resource Advisor (COBRA), an online reference source for anyone considering starting or advising a business in the UK.

Terms of use: Access to Business Opportunity Profiles is provided subject to suppliers’ terms of use.

Legal Alert is a monthly checklist from Atom Content Marketing highlighting new and pending laws, regulations, codes of practice and rulings that could have an impact on your business

Disclaimer: These publications from Atom Content Marketing are for general guidance only, for businesses in the United Kingdom governed by the laws of England. Atom Content Marketing, expert contributors and ICAEW (as distributor) disclaim all liability for any errors or omissions.

Raising finance

Events and training

The Library & Information Service provides a hand-picked collection of industry press articles as a benefit of ICAEW membership. If you are unable to access an article, please see our Online resources troubleshooting or contact library@icaew.com

 

What Primark is getting right, in 4 minutes

Three lessons retailers can learn from Primark's successful bricks-and-mortar expansion.

UK retail sales stay subdued amid Brexit fears

A downbeat picture of the UK retail sector has emerged from a recent Confederation of British Industry June-July 2019 survey.

Global luxury retail in the digital era

High-end brands are adapting their business models for a younger Millennial and Gen Z consumer base.

European retail real estate: successfully navigating a world in transition

A report on major trends currently impacting the fast-changing European retail real estate industry.

Terms of use: You are permitted to access articles subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.