The retail sector is undergoing rapid and dramatic change. The customer journey has evolved from the traditional bricks and mortar approach to a mobile first, personalised experience.
Retailers need to move quicker than ever before if they are to future-proof their businesses. On the high-street, stores are now showrooms, delivery is a basic requirement and customers care about the brand story nearly as much as the ethical sourcing of products.
In the short term, the challenges around Brexit are likely to grab the headlines but retail fundamentals still apply. Ensuring goods are sourced efficiently and ethically, adapting your business models so they’re fit for purpose and ensuring on-line content is refreshed regularly are becoming regular boardroom conversations.
Competition for consumer spending is tough and with retail facing wide-spread change, you need experienced advisers who truly understand your business challenges and ambitions.
How we’ve helped our clients
We support and advise our clients so that they can achieve their business ambitions, for example:
Our retail team has helped clients with complex financial reporting such as the conversion of all companies to IFRS.
Getting the basics right
We use our specialist compliance capabilities to support businesses roll out. Ensuring that accounting policies, controls, and KPIs are at the right level for the size and complexity of the business.
The restructuring of a large group to support the long term growth strategy and realise value.
National and international expansion
Our international expertise means we can support rapidly expanding businesses into international markets and develop their Transfer Pricing, sales tax, and duty strategies.
We are associate members of the BRC and are proud to support their work with retailers, shaping debates and influencing issues and opportunities to help make a positive difference to the UK retail industry.
Contact a member of our team today to discuss your strategic plans.