How Retailers Contend with Today’s Prominent Challenges
By BDO’s Consumer Business Practice Leaders
Alarmist headlines suggest the death of retail, but do retailers themselves share this perception? BDO analysed the 10-K filings of the 100 largest U.S. retailers for their 2017 Retail RiskFactor Report, which found that retailers recognise both narrow and broad obstacles ahead.
Among the industry’s growing list of concerns is relentless competition, evolving consumer behaviour, cyber security threats and global regulatory shifts. In addition, increasing store closures have retailers managing excess retail space while e-commerce dominates sales.
See below for the top 20 risks cited by retailers this year, as compared to the previous two years. For an in-depth look at the retail industry’s top risks, click here.