“In some places and with some cohorts of shoppers, the outlook for retailers is favourable,” Deloitte Global chief economist Dr Ira Kalish said. For the third year in a row, revenue growth for the top 250 apparel and accessories retailers outperformed other product sectors. According to the report, historically, this category of retailers has also been the most profitable, and fiscal year 2015 was no exception. Retail innovators know technology is no longer supplemental to the shopping experience, it is fundamental. Customers are seeking new and surprising products and experiences,” the report stated.

Source: The Star January 31, 2017 21:45 UTC