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PwC on Managing Sarbox in the Retail Industry

"At PricewaterhouseCoopers, the focus is on the retail industry, and this year s hot topic seems to be the weathering of the first year of Sarbanes-Oxley compliance. This year s compliance has come at a significant cost to the retail companies; the second year should see the implementation of cost cutting and passing on to the consumer the high price of compliance. Many of these companies are also utilizing some core strategies in coping: strong leadership, planning, and communication.

One of the more important events for retail industry executives is the Retail Forward s Strategic Outlook Conference. This annual one-day conference focuses on key trends, challenges, innovations, and future outlooks for the retail industry. This year s conferences will be held in Chicago, San Francisco, and New York City.
In the fourth edition release of the PricewaterhouseCoopers Retail & Consumer study titled ""From Beijing to Budapest: Winning Brands, Winning Formats"", seven countries are poised to provide the strongest investment opportunities for retail and consumer companies. China, India, Turkey, Vietnam, Russia, Romania, and Bulgaria topped the list.
Intellectual property, which has been and continues to be a highly debated topic of discussion in the accounting industry is, according to PricewaterhouseCoopers, one of the most poorly managed assets of two-thirds of the nation s fastest-growing private companies. At a time when intellectual property values are quickly becoming immensely valuable, many of these private companies lack the experience and advisory services needed to capitalize on the real value of their IP assets.
A statistic that is not surprising is the tremendous rise in Internet advertising expense over the 2005 tax period. There was a 30% increase from 2004 to 2005. As the numbers of consumers that access the internet continue to grow, especially in developing countries, the logical use of the Internet as a valuable advertising medium will also grow. Retail and B2B advertising via the Internet will continue to net a growing benefit and the growth trend is expected to expand to include IPTV and many handheld devices as this form of advertising continues to emerge as real opportunity. "

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One Response to PwC on Managing Sarbox in the Retail Industry

  1. Wanda says:

    I recommend a book caelld The Feminine Mistake by Leslie Bennetts, which addresses the issue from a purely economic perspective. Although it provoked alot of controversy, many of the author’s conclusions are dead on, especially in today’s economy.