Deloitte’s 2016 Global Powers of Retailing report focuses on the struggles and successes retailers encounter while navigating the complexities of digital transformation. While this effort is formidable, it is just one of many major challenges that retail companies and their tax functions confront.
“In the world of retailing, much attention has lately been focused on the competitive threat to stores coming from online retailing, the challenge of cybersecurity, and the difficulty in deciphering the tastes and price sensitivities of an increasingly fragmented consumer market,” the report reads. “Yet through all of these and other issues, one thing remains constant. That is the considerable impact on retailers of economic strength and weakness, of inflation and deflation, and of currency and asset price movements.”