Tuesday, July 10, 2018

U.S. retail CEOs expect M&A activity to drive bullish growth

Chain Store Age
The nation’s retail chief executives are bullish on growth.

That’s one of the findings of KPMG LLP’s 2018 U.S. CEO Outlook report, in which 83% of CEOs in the consumer and retail industry say they are very confident about the growth prospects of their companies during the next three years. Mergers and acquisitions were cited as the top (38%) growth driver, followed by third-party strategic alliances (23%). M&A activity is expected to transform retailers’ business models faster than organic growth, reduce costs, increase market share and on-board new technologies, according to KPMG.. . . more