Read the Full Report: 2016 BDO Retail Compass Survey of CFOs

Our tenth annual Retail Compass Survey of CFOs surveyed 100 CFOs at leading US retailers about their outlook for the retail industry in 2016. Influenced by market volatility, disappointing 2015 sales figures and wavering consumer confidence, retail CFOs were modest in their outlook, predicting a decrease in consumer confidence this year and total sales growth consistent with last year’s.  However, CFOs were more bullish when it comes to deal activity: More than half of retailers expect M&A activity in the retail sector to increase in 2016. And with competition and consolidation being their top concern for 2016, retailers are looking to reinvest in their brick-and-mortar stores. But that’s not to say that CFOs aren’t investing in digital infrastructure, as well; more than half of CFOs have increased spending on cybersecurity in the past year.

For additional insights around regulatory and tax concerns, brick-and-mortar investments and e-commerce predictions, be sure to read the full report online here.